PROLooking for more than just a company report? Upgrade to Pro now

PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED

Active

Business ID 0100150908

84-24 / 3772 6001

PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED

Active

Business ID 0100150908

84-24 / 3772 6001

PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED

Active

Summary

Name:

PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED

Business ID (TIN):

0100150908

Date of Registration:

10 May 2007

Registered Office:

Ha Noi City Department of Planning and Investment

Address:

26th Floor, Charmvit Building, No. 117, Tran Duy Hung Street, Trung Hoa Ward, Cau Giay District, Ha Noi City, Vietnam

Phone:

84-24 / 3772 6001

Fax:

(84-24) 3772 6027

Financial Statement:

2020, 2021, 2022, 2023, 2024

PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED (CÔNG TY TRÁCH NHIỆM HỮU HẠN - TỔNG CÔNG TY THĂM DÒ KHAI THÁC DẦU KHÍ), commonly referred to as PVEP, is a state-owned enterprise responsible for oil and gas exploration, development, and production in Vietnam. Established in 2007, the company operates under Vietnam Oil and Gas Group (Petrovietnam) and plays a critical role in ensuring Vietnam’s energy security. PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED is headquartered in Hanoi, with additional branches in Ho Chi Minh City. The company is fully owned by the state, with a Tax ID (TIN) of 0100150908.

Strategic Operations and Market Role

PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED is one of Vietnam’s largest oil and gas enterprises, specializing in both independent and joint-exploration projects. The company manages offshore and onshore petroleum fields, ensuring a stable supply of crude oil and natural gas to support Vietnam’s industrial and energy sectors. In addition to exploration, PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED is involved in technical support services, working closely with international energy corporations and service providers to enhance efficiency and production capacity.

While the company remains a dominant force in Vietnam’s oil sector, it faces increasing challenges, including the declining availability of new oil fields, shifting energy policies, and global fluctuations in crude oil prices. PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED must continue adapting to these conditions by investing in new technologies and optimizing its existing extraction operations.

Financial Performance and Industry Challenges

In 2023, PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED reported a decline in total sales and net profit, largely due to global oil market instability and lower production volumes. However, total assets and equity grew, indicating continuous investment in infrastructure and long-term exploration projects. The company’s profit dropped by nearly 30%, reflecting reduced crude oil demand and increasing operational costs.

One of the company’s biggest challenges is balancing traditional oil production with sustainability goals, as the Vietnamese government emphasizes cleaner energy initiatives. Additionally, geopolitical risks, rising environmental regulations on offshore drilling, and fluctuating global oil prices have made financial planning more complex.

Business Verification and Risk Management

Given its role as a state-owned energy corporation, PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED requires rigorous financial and operational oversight to maintain investor confidence. VANGUARD BUSINESS INFORMATION LLC (VBI) provides business verification services, offering in-depth analysis of private financial data and supporting risk management for companies working with PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED. Since oil and gas projects require significant capital investment, VBI’s verification services help assess financial stability and project risks for potential investors and suppliers.

Future Outlook and Strategic Adaptation

The future of PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED depends on its ability to innovate, optimize costs, and align with Vietnam’s long-term energy policies. While crude oil remains a nationally strategic resource, the company must explore enhanced oil recovery techniques, improved refining efficiencies, and potential diversification into renewable energy investments. As Vietnam moves toward carbon neutrality goals, PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED may need to invest in carbon capture technologies and energy transition initiatives to ensure continued relevance in the evolving energy market.

Conclusion

PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED is a cornerstone of Vietnam’s oil and gas industry, contributing significantly to the nation’s energy security. However, declining profits, environmental policies, and global market volatility pose long-term challenges. To sustain its market position, the company must enhance operational efficiency, strengthen partnerships, and explore sustainable energy solutions while maintaining its role as a leading oil producer in Vietnam.

Legal Profile

English Name:

PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED

Vietnamese Name:

CÔNG TY TRÁCH NHIỆM HỮU HẠN -TỔNG CÔNG TY THĂM DÒ KHAI THÁC DẦU KHÍ

Short Name:

PVEP

Business ID (TIN):

0100150908

Date of Registration:

10 May 2007

Registered Office:

Ha Noi City Department of Planning and Investment

Ownership Status:

Invested by State-Owned Company

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN T.B

+ TRAN H.N

+ VU M.D

+ HOANG N.T

+ DANG N.Q

+ NGO K.X

+ HOANG X.D

Address:

26th Floor, Charmvit Building, No. 117, Tran Duy Hung Street, Trung Hoa Ward, Cau Giay District, Ha Noi City, Vietnam

Phone:

84-24 / 3772 6001

Fax:

(84-24) 3772 6027

Branch:

21th Floor, Petroland Tower, No. 12, Tan Trao Street, Tan Phu Ward, District 7, Ho Chi Minh City, Vietnam

Branch:

Floor 12B, Victory Building, No. 12, Tan Trao Street, Tan Phu Ward, District 7, Ho Chi Minh City, Vietnam

Branch:

15th Floor, Victory Building, No. 12, Tan Trao Street, Tan Phu Ward, District 7, Ho Chi Minh City, Vietnam

Branch:

21st Floor, Victory Building, No. 12, Tan Trao Street, Tan Phu Ward, District 7, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

0910 Support activities for petroleum and natural gas extraction

NACE:

09.10 Support activities for petroleum and natural gas extraction

NAICS:

213112 Support Activities for Oil and Gas Operations

Industry Sales Growth

CAGR (2019 - 2023)

-15.09%

YoY (2023)

-2.77%

Companies by industry

Company distribution and propportions

177

0.0061%

Key Industry Players

Top 10 companies in support activities for petroleum and natural gas extraction industry

petrovietnam exploration production corporation limited petro vietnam technical services corporation vietnam national industry – energy group petrovietnam drilling & well service corporation ptsc offshore services joint stock company pv drilling – baker hughes well technical services joint venture company limited ptsc production services joint stock company petroleum well logging company limited thien nam offshore services joint stock company 128 one member limited liability company

Payment History

Purchase the report to access company details.

Financial Performance

Assets	-21.66%
Owner’s Equity	-81.61%
Working Capital	92.23%
Net Worth	-62.59%
Sales	-47.31%
Operating income	-47.21%
EBIT	34.76%
Gross Profit Margin	-86.04%
Debt to EBITDA	97.63%

📈 📊

Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

Report Summary

Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED

When did PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED start operating?

PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED was started in 10 May 2007

What industry does PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED operate in?

PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED is operating in "Support activities for petroleum and natural gas extraction" industry

How can I contact PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED?

PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED phone numbers is 84-24 / 3772 6001

What adverse news is there about PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED?

PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED’s has 4 bad news

What is stock symbol of PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED?

PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED is not listed company

Where is the location of PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED?

PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED is located at 26th Floor, Charmvit Building, No. 117, Tran Duy Hung Street, Trung Hoa Ward, Cau Giay District, Ha Noi City, Vietnam

What is PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED’s business registration?

PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED business registration is 0100150908

My Order (0)

PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED