Originally signed on February 16, 1989, tỷ lệ kèo nhà cái 88 PSC for tỷ lệ kèo nhà cái 88 PM3 CAA Block marked a milestone in tỷ lệ kèo nhà cái 88 partnership between Petrovietnam and Petronas. Based on tỷ lệ kèo nhà cái 88 1992 Memorandum of Understanding between tỷ lệ kèo nhà cái 88 Governments of Vietnam and Malaysia, tỷ lệ kèo nhà cái 88 two corporations were officially designated as host country representatives to implement oil and gas operations in tỷ lệ kèo nhà cái 88 overlapping continental shelf area. This initiative has since become a hallmark of tỷ lệ kèo nhà cái 88 effective and enduring energy cooperation between Vietnam and Malaysia over more than 50 years of diplomatic relations.
Over tỷ lệ kèo nhà cái 88 decades, Petrovietnam and Petronas have built a strong, stable, and mutually beneficial strategic partnership. Their collaboration has expanded beyond exploration and production into new domains such as liquefied natural gas (LNG), renewable energy, and carbon emission reduction technologies — aligning with global energy transition trends and tỷ lệ kèo nhà cái 88 evolving mandates of both corporations.

tỷ lệ kèo nhà cái 88 PM3 CAA project has undergone six development phases, including 39 updates to production plans, tỷ lệ kèo nhà cái 88 operation of 178 development wells, two central processing platforms (CPPs), two floating storage and offloading (FSO) vessels, over ten satellite wellhead platforms, and a 298 km PM3 CAA – Cà Mau gas pipeline. Current production reaches approximately 20,000 barrels of oil and 200 million standard cubic feet of natural gas per day — figures that reflect advanced technical performance and robust operational coordination.
General Director Lê Ngọc Sơn affirmed that tỷ lệ kèo nhà cái 88 20-year extension of tỷ lệ kèo nhà cái 88 PSC (from 2028 to 2047) is crucial for maximizing petroleum resource recovery and maintaining a stable gas supply for Vietnam. It also optimizes tỷ lệ kèo nhà cái 88 use of existing oil and gas infrastructure, supports sustainable development goals, and contributes to emission reduction. Notably, this event further deepens tỷ lệ kèo nhà cái 88 bilateral partnership, generating long-term value for both nations.

As of tỷ lệ kèo nhà cái 88 end of 2024, tỷ lệ kèo nhà cái 88 project has produced approximately 250 million barrels of oil and 1.6 trillion standard cubic feet of gas (equivalent to 43 billion cubic meters), of which nearly 25 billion cubic meters have been supplied to Vietnam. This supply has played a vital role in tỷ lệ kèo nhà cái 88 development of tỷ lệ kèo nhà cái 88 Cà Mau Gas–Power–Fertilizer Complex, contributing significantly to tỷ lệ kèo nhà cái 88 socio-economic development of tỷ lệ kèo nhà cái 88 Southwest region. With total investment exceeding USD 10 billion, tỷ lệ kèo nhà cái 88 project has generated revenue of USD 24.8 billion, delivering substantial economic value and contributing meaningfully to tỷ lệ kèo nhà cái 88 national budgets of both countries.

tỷ lệ kèo nhà cái 88 20-year extension of tỷ lệ kèo nhà cái 88 PSC demonstrates tỷ lệ kèo nhà cái 88 Vietnamese Government’s commitment to creating favorable conditions for investors to continue oil and gas activities. It enables optimization of current resource exploitation, facilitates deeper reservoir exploration, linkage with adjacent fields, and—critically—tỷ lệ kèo nhà cái 88 application of carbon capture and emission reduction technologies. These efforts support Vietnam’s national pledge to achieve net-zero emissions by 2050.

At tỷ lệ kèo nhà cái 88 signing ceremony, Deputy Minister Nguyễn Hoàng Long praised tỷ lệ kèo nhà cái 88 dedicated efforts of tỷ lệ kèo nhà cái 88 two corporations, tỷ lệ kèo nhà cái 88 host nations, and tỷ lệ kèo nhà cái 88 contractor consortium — particularly Hibiscus, Petronas Carigali, and PVEP — in advancing tỷ lệ kèo nhà cái 88 contract renewal. He described this decision as strategic, enabling continued resource utilization and ensuring a stable gas supply to tỷ lệ kèo nhà cái 88 Mekong Delta, where tỷ lệ kèo nhà cái 88 Cà Mau Gas–Power–Fertilizer Complex plays a vital role in regional energy security and development.
He called on all contractors to maintain close coordination and fulfill their commitments efficiently, ensuring progress, safety, and compliance with Vietnamese and Malaysian laws. tỷ lệ kèo nhà cái 88 Ministry of Industry and Trade is committed to ongoing support and creating optimal conditions for tỷ lệ kèo nhà cái 88 project's successful execution, bringing balanced benefits to all stakeholders and contributing meaningfully to both countries.

He stated that tỷ lệ kèo nhà cái 88 event marked a new chapter in tỷ lệ kèo nhà cái 88 close, respectful, and constructive partnership between Petrovietnam and Petronas. It also reaffirms tỷ lệ kèo nhà cái 88 broader strategic cooperation between Vietnam and Malaysia under their Comprehensive Strategic Partnership.
Deputy Prime Minister Bùi Thanh Sơn applauded both corporations’ shared commitment to efficient resource exploitation, clean technology adoption, and emission reduction — all aligned with national development strategies and contributing to a sustainable, regionally integrated energy network. Their joint effort toward realizing tỷ lệ kèo nhà cái 88 Net Zero 2050 goal further underscores their role as responsible energy partners.

tỷ lệ kèo nhà cái 88 successful collaboration between Petrovietnam and Petronas at PM3 CAA is a vivid example of international energy cooperation based on shared vision, trust, and long-term commitment. Beyond demonstrating effective management in overlapping maritime zones, it also contributes to maintaining peace, stability, and sustainable development in tỷ lệ kèo nhà cái 88 region.
With a long-term vision and a commitment to mutually beneficial cooperation, Petrovietnam and Petronas will continue to elevate their strategic partnership — making lasting contributions to a sustainable energy future for both nations and tỷ lệ kèo nhà cái 88 wider region, befitting their roles as national enterprises with five decades of legacy.