Vietsovpetro to Invest 484 Million USD in White Tiger Oil Field Expansion

Vietsovpetro to invest 484 million USD in White Tiger oil field
53 new wells and two unmanned rigs to be added
Targeting peak output of 2029 cubic meters of oil per day

Vietnam-Russia joint venture Vietsovpetro plans to invest VND12.5 trillion (approximately $483.6 million) to expand the Bach Ho (White Tiger) oil field, Vietnam’s largest oil field, located in offshore Block 09-1. According to the company’s environmental impact assessment (EIA) report, the investment will focus on boosting resource recovery and stabilizing production between 2025 and 2028.

The development plan includes the installation of two new unmanned wellhead platforms, BK-10A and BK-26, as well as upgrades to the existing BK-10 and MSP-8 rigs. A total of 53 new wells will be drilled and connected to the field’s current exploitation infrastructure.

Drilling operations will receive the bulk of the investment—around $419.7 million—while approximately $64 million will be allocated for rig installations and upgrades. The expanded capacity is expected to peak at 2,029 cubic meters of oil and 343,000 cubic meters of gas per day.

Vietsovpetro, a 51:49 joint venture between Vietnam’s state-owned Petrovietnam and Russia’s Zarubezhneft, has been developing Block 09-1 since 1986. Since its establishment in 1981, the venture has produced over 253 million tons of crude oil and 40.1 billion cubic meters of natural gas, contributing nearly $60 billion to Vietnam’s state budget.

In 2025, Vietsovpetro targets maintaining production at over 2.8 million tons and completing key infrastructure, including the BK-24 rig, as part of its long-term development strategy.