Vietsovpetro opens a meeting to review 2020 achievements and set out 2021 tasks. (Photo: congdoandaukhi.vn)

Vietsovpetro General Director Nguyen Quynh Lam said the joint venture reached its oil production target one month ahead of schedule, and its natural gas target was reached 44 days ahead of schedule.

Vietsovpetro completed construction of six wells this year. Its spending was down by 105 million USD, thanks to increased production and reduced costs in 2020.