Petrovietnam welcomed a delegation from Perenco on July 11, 2025, for a strategic working session that marked a new phase in the partnership between the two energy companies.
During the meeting, Mr. Lê Mạnh Hùng, chairman of Petrovietnam, expressed appreciation for Perenco’s strong collaboration and long-term support in key petroleum projects, describing it as a vital contribution to Vietnam’s national energy security.
Block 15-1 Partnership
A highlight of the session was the reaffirmation of both companies’ commitment to the recently signed Production Sharing Contract (PSC) for Block 15-1, which lays the groundwork for intensified oil and gas exploration and production activities in the near future.
Collaborative Framework
Both parties discussed plans to ensure smooth coordination with PVEP for project execution, maintain progress across ongoing projects, and explore new investment opportunities in Vietnam’s energy sector.
Perenco representatives commended Petrovietnam’s leadership and pledged to continue supporting and expanding cooperation in future ventures.
Strategic Significance
The renewed engagement reflects Petrovietnam’s broader mission to foster robust international partnerships in line with Vietnam’s sustainable energy strategy. The collaboration between Petrovietnam and Perenco aims to unlock the full potential of upstream energy cooperation in the region.
The partnership represents a significant development in Vietnam’s energy sector, with both companies positioned to contribute to the country’s energy security and development objectives through their expanded cooperation framework.
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