📋 Tender Overview
Completing the Petroleum Law in the direction of creating a legal corridor for modern marine energy models not only helps to effectively utilize existing resources but also ensures that Vietnam does not miss the opportunity to participate more deeply in the global energy value chain. Download Petrovietnam workers outside the rig In the context of the worlds geopolitical situation with many complex fluctuations, energy competition increasingly fierce and the energy transition process taking place at an unprecedented speed, the issue of ensuring energy security has become one of the strategic priorities of every country. For Vietnam, when traditional energy sources are gradually declining and the demand for electricity and fuel to serve economic growth is continuously increasing, continuing to improve the legal framework for the oil and gas industry is not simply a state management requirement, but also a task with strategic significance associated with national and ethnic interests. In that context, studying amendments and supplements to the 2022 Petroleum Law not only aims to remove bottlenecks that arise in practice but also opens up space. new development for the oil and gas industry, contributing to firmly ensuring national energy security in the coming period. As a core enterprise of the national energy industry, Vietnam National Energy-Industry Group (Petrovietnam) is being assigned many tasks beyond the scope of traditional oil and gas exploitation. In addition to ensuring oil and gas supply, the Group also participates in developing gas industry, LNG, gas power, offshore wind power, marine technical services and new energy fields. However, many strategic tasks require specific mechanisms appropriate to the nature of large investments, modern technology and high risks of the energy industry.Dr. Phan Ngoc Trung, former member of Petrovietnams Board of Directors, Head of the Consulting and Reviewing Committee of the Vietnam Petroleum Association, when mentioning this issue, said: With its current position and strength, Petrovietnam can completely undertake new tasks and missions, especially in implementing key national energy projects. However, in order for Petrovietnam to be able to successfully complete those tasks and missions, in addition to its own factors such as management capacity, technological, financial, and human resources, etc., the issue of perfecting synchronous and favorable institutions is extremely important. According to Dr. Phan Ngoc Trung, facing new requirements and tasks, synchronous and favorable institutional issues are the key that determines success or failure in implementing the Groups new strategic goals. As with oil and gas search, exploration, and exploitation activities, although Petrovietnam has transformed into a national industrial-energy group, this is still a core field, playing a fundamental role, leading the development of other fields of the Group. Despite its important position and role, oil and gas search, exploration and exploitation activities are facing many difficulties and challenges, of which the biggest barriers lie in mechanisms and policies. The delay in promulgating and completing legal documents and policies related to this field has caused us to have almost no new oil and gas contracts signed for a long time. We need to have a change in awareness and state management thinking for the oil and gas industry, thereby creating a more favorable legal and institutional environment for oil and gas activities, especially search, exploration and exploitation activities, Dr. Phan Ngoc Trung emphasized. Download Nhon Trach 3 and Nhon Trach 4 LNG Thermal Power Plants It can be seen that the amendment of the Petroleum Law 2022 needs to be placed in the overall construction of a new legal ecosystem, allowing Petrovietnam and its member units to fully promote their role as key state-owned enterprises in implementing large-scale energy projects, especially offshore projects. When given the right mechanism, Petrovietnam is not only a unit that ensures energy security but can also become a pioneering force in developing the marine economy, building an integrated energy industry chain and creating new growth engines for the country. Amending the Petroleum Law cannot be limited to traditional resource exploitation. International trends are showing that the boundary between oil and gas and new energy is increasingly narrowing. Many national oil and gas corporations in the world have transformed themselves into integrated energy corporations, strongly participating in offshore wind power, hydrogen, carbon capture and storage (CCUS), and green fuel production. Offshore projects, pipeline systems, and existing oil and gas infrastructure can completely become the foundation for developing new energy industries in the future. Therefore, completing the Petroleum Law in the direction of creating a legal corridor for modern marine energy models not only helps to effectively utilize existing resources but also ensures that Vietnam does not miss the opportunity to participate more deeply in the global energy value chain./.ATTRefer moreCreating a new growth engine for PetrovietnamSee morePetrovietnam: Core force ensuresm national energy securitySee moreAppoint Mr. Le Manh Cuong to the position of General Director of PetrovietnamSee morePetrovietnam strives to ensure the supply chain and stabilize petroleum supply See morePetrovietnam proactively a step ahead in the E10 biofuel roadmap
