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The milestone marks the great efforts made by the JV employees in ensuring the safety and effectiveness of their oil explorations as well as in strengthening Vietnam-Russia ties.
Over the past 30 years, Vietsopetro has overcome significant challenges to complete a giant workload, drilling more than 440 oil wells, developing 40 marine facilities and installing 600km of submarine pipeline.
Its total export value has surpassed US$60 billion, nearly two-thirds of which contributed to the state budget, with Russia drawing profits of $10 billion.
The venture now has a wide range of modern facilities and has become a strong regional and international brand in the oil industry.
Since the beginning of 2012, the JV has extracted 3.68 million tonnes of oil, earning $3.32 billion.