Assign PVN to perform a number of tasks and powers in oil and gas activities

This Resolution provides for the handling of difficulties and obstacles in the delegation of approval authority for a number of contents in petroleum activities in a number of articles of the Petroleum Law No. 12/2022/QH15 dated November 14, 2022 (Petroleum Law 2022) and Decree No. 45/2023/ND-CP dated July 1, 2023 of the Government detailing a number of articles of the Petroleum Law. The subjects of application are Vietnamese and foreign agencies, organizations and individuals related to petroleum activities in Vietnam.

The Resolution assigns the Vietnam National Oil and Gas Group (PVN) to perform the tasks and powers of the Ministry of Industry and Trade according to the provisions of the 2022 Petroleum Law and Decree No. 45/2023/ND-CP, ensuring no impact on national defense and security.

Firstly, PVN approved the general plan for oil and gas field development , except for the case of onshore oil and gas field development projects, oil and gas field development projects with a synchronous chain of items and works, oil and gas equipment onshore and offshore, and approved adjustments to the general plan for oil and gas field development in case of changes in the development plan, except for gas projects, projects with changes in land use requirements for approved oil and gas discoveries.

PVN's appraisal and approval are carried out according to the procedures issued by PVN as prescribed in Clause 7, Article 48 of Decree No. 45/2023/ND-CP. PVN is responsible for the use of PVN's capital in the event that PVN participates in petroleum contracts as a contractor.

PV DRILLING II jack-up drilling rig.

Second, PVN is also approved to adjust the plan for early exploitation of oil and gas fields in the following cases: The adjustment leads to a decrease in total investment, regardless of the changes in work items and costs for each item; The adjustment leads to a total investment increase of less than 10% except in the case of building additional rigs.

PVN's appraisal and approval are carried out according to the procedures issued by PVN as prescribed in Clause 9, Article 49 of Decree No. 45/2023/ND-CP. PVN is responsible for the use of PVN's capital in the event that PVN participates in petroleum contracts as a contractor.

Third, PVN is approved to adjust the oil and gas field development plan in the following cases: The adjustment leads to a decrease in total investment, regardless of the changes in work items and costs for each item; The adjustment leads to a total investment increase of less than 10%, except for the case of building additional rigs.

PVN's appraisal and approval are carried out according to the procedures issued by PVN as prescribed in Clause 8, Article 50 of Decree No. 45/2023/ND-CP. PVN is responsible for the use of PVN's capital in the event that PVN participates in petroleum contracts as a contractor.

Fourth, approve adjustments to the oil and gas facility cleanup plan in cases where the adjustments result in the cost estimate in the most recently approved oil and gas facility cleanup plan of the Ministry of Industry and Trade decreasing or increasing by less than 20%, regardless of the content of the change.

PVN's appraisal and approval are carried out according to the process issued by PVN as prescribed in Clause 6, Article 51 of Decree No. 45/2023/ND-CP.

Fifth, PVN is approved to report on oil and gas resources and reserves (for the first time) for mines and oil and gas discoveries with a total in-place oil volume of less than 30 million m³ and a total in-place gas volume of less than 30 billion m³, except for reports on oil and gas resources and reserves directly conducted by PVN for oil and gas contracts in which PVN is the Operator and Investor.

PVN's appraisal and approval are carried out according to the procedures issued by PVN.

PVN is responsible for reporting to the Ministry of Industry and Trade the results of approving the above-mentioned assigned contents.

This Resolution takes effect from the date of signing until February 28, 2027. In case the Law on Petroleum is amended, supplemented and takes effect before February 28, 2027, it shall apply until the effective date of the amended and supplemented Law on Petroleum.

Source: https://baodautu.vn/giao-pvn-thuc-hien-mot-so-nhiem-vu-quyen-han-trong-hoat-dong-dau-khi-d424747.html