Tran Thanh Hai, General Director of Southwest Pipeline Operating Company (SWPOC), said the unit is accelerating construction of the Lo B–O Mon gas pipeline project and implementing pipe pulling and pushing works at construction station TTC03 (Dong Thai commune, An Giang province) after the project completed preparation and mechanical construction works at the end of 2025.
This is a task requiring high construction discipline, close coordination and persistent working spirit of the entire participating workforce, with the goal of accelerating progress and moving the project to the pipeline installation phase in the coming months.
The Lo B–O Mon gas pipeline project is the central “link” in the entire Lo B–O Mon gas and power project chain, and has particularly important significance for national energy security and the socio-economic development of the Southwest region.
Along with pipe pulling and pushing works, many other construction items of the project are also being implemented simultaneously. Fourteen out of the total 33 yards are under construction, trench excavation has reached about 6.4 km, and pipeline welding has exceeded 1 km.
For nearshore and offshore pipeline sections, key materials for the pipeline are being accelerated in production, transportation and pre-construction surveys continue to be implemented, and specialized vessels serving pipe laying are mobilized according to plan. “2026 is the peak construction year of the project, with the goal of completing most of the construction volume, creating a foundation for the completion and operation phases in the following years.
Progress management, safety control and quality supervision are being closely monitored by the unit to minimize emerging risks. Maintaining a stable and synchronized construction pace along the entire route is identified as a key factor, forming the basis for implementing the project according to schedule and ensuring the target of bringing the first gas ashore in the third quarter of 2027,” Tran Thanh Hai emphasized.
Over the past two months, the Vietsovpetro Joint Venture has continued to maintain safe and stable production operations at currently exploited fields, creating a foundation for completing the annual plan in the context of increasingly complex geological conditions and exploitation facilities entering a long-term operational stage.
The unit has synchronously implemented many production management and geological engineering solutions, focusing on strengthening exploitation management and prioritizing the application of new technologies without using drilling rigs to optimize costs. Exploration and production drilling work has also been carefully calculated through optimizing well positions and trajectories and applying modern reservoir stimulation technologies to increase reserves in areas with poor permeability characteristics.
Thanks to good preparation of input supplies, the Dung Quat Oil Refinery has maintained stable and continuous operation with an equivalent capacity reaching more than 125%, among the highest operating levels ever recorded, meeting consumption demand.
Nguyen Viet Thang, General Director of Binh Son Refining and Petrochemical Joint Stock Company (BSR – the unit managing Dung Quat Oil Refinery), affirmed that maintaining high capacity and selling more than 1.4 million tons of products in the first two months of the year not only reflects operational and management capacity but also affirms the enterprise’s pillar role in ensuring national energy security, especially during the peak period before and after the Lunar New Year. This helps maintain stable supply and contributes to stabilizing the domestic petroleum market. In the coming time, the enterprise will continue implementing solutions to boost production and business activities as well as proactively respond to market fluctuations.
In the first two months of the year, Viet Nam National Industry–Energy Group (Petrovietnam) achieved many high growth indicators such as crude oil production reaching 1.71 million tons, exceeding the plan by 10.6% and increasing by 10.3% compared with the same period of 2025. Gas exploitation, electricity production, petroleum and urea fertilizer output indicators all significantly exceeded plans.
In the first two months of the year, Viet Nam National Industry–Energy Group (Petrovietnam) achieved many high growth indicators such as crude oil production reaching 1.71 million tons, exceeding the plan by 10.6% and increasing by 10.3% compared with the same period of 2025; gas exploitation, electricity production, petroleum, urea fertilizer and other indicators all significantly exceeded plans. Investment implementation value in the first two months reached 8.08 trillion VND, an increase of 57.7% compared with the same period, demonstrating efforts to promote investment, especially key projects aimed at creating new growth drivers.
Le Xuan Huyen, Deputy General Director in charge of the Executive Board of Petrovietnam, assessed that in the context of global economic and political conditions containing many risks and uncertainties, unpredictable oil price fluctuations and prolonged trade tensions, to maintain growth momentum, units need to decisively implement solutions to boost production, promote gas consumption, research and develop new products, ensure production and blending of E10 gasoline, focus on developing ecological energy industrial centers, promote international business activities, improve risk management capacity amid market fluctuations and actively coordinate with relevant authorities to remove obstacles and complete mechanisms and policies related to production and business operations.
At the same time, it is necessary to maximize the advantages of interconnected value chains, in which the gas–power–fertilizer chain and refining–petrochemical chain continue to play an important role, creating key growth drivers, thereby expanding growth space and contributing to the overall results of the group.
