Vietnam–Russia joint ventures inaugurate offshore oil platform and Russian water treatment station
Two Vietnam–Russia joint ventures involving Petrovietnam and Zarubezhneft inaugurated an offshore oil platform and a water pretreatment station in Russia’s Far North on November 12. The partners are also exploring expanded cooperation in oil and gas blocks.
On the afternoon of November 12, Vietnam–Russia joint ventures involving Petrovietnam and Zarubezhneft held a ceremony to inaugurate new facilities, with production units joining by video link. The facilities include Vietsovpetro’s offshore oil platform and Rusvietpetro’s modernized water pretreatment station in Russia’s Far North. The ceremony took place during Russian Federation Council Chairwoman Valentina Ivanovna Matviyenko’s visit to Vietnam from November 11 to 13.
The inauguration ceremony for the Vietnam–Russia joint venture oil and gas facilities.（VietVance）
Vietnam–Russia oil and gas cooperation began with a 1981 intergovernmental agreement on exploration and production on Vietnam’s southern continental shelf, which led to the establishment of Vietsovpetro. In 2008, Petrovietnam and Zarubezhneft established Rusvietpetro to expand exploration and production into Russia.
By June 2026, Vietsovpetro had produced a total of 255 million metric tons of crude oil from Block 09-1. Its main fields face natural production declines after years of operation, while the remaining geological targets are increasingly complex. By June 2025, Rusvietpetro had produced more than 40 million metric tons of crude oil from 13 fields across four contract blocks.
The inauguration ceremony was linked by video to the production units.（VietVance）
Petrovietnam said that in June 2026 it exchanged documents with its Russian partners concerning Blocks 01/17 and 02/17 on Vietnam’s continental shelf and its right to participate in Russia’s Kharyaga project. Zarubezhneft has been encouraged to study investments in Vietnam’s open oil and gas blocks. The two sides are also considering expanding Rusvietpetro’s production area and using existing facilities, technology and personnel to reduce investment costs for new fields.
Source: VietVance
