We constantly strive to ensures the stability of extracted crude production activities and achievement of targeted volumes of hydrocarbon production. As a crude oil extracted company, we carry out a significant volume of exploration work, extends the portfolio of licenses showing stable replenishment of oil and gas reserves.
Our drilling fields and license blocks are located in the far eastern region of the country. When conducting drilling exploration, we pay more focus on considerable attention to the use of new technologies and equipment, and support of operations by research and development institutes as well as design institutes which makes it possible to increase its efficiency.
Significantly, In the upstream sector, we are always committed to ensuring production volumes which allows it to maintain a balance between economic efficiency and rational use of mineral resources. We also indulge actively developing promising oil fields and creating new centers of oil production. Over the past years, the Company has been maintaining a stable level of oil production focusing on the improvement of oil recovery factor which is one of the highest in the country.