Promoting co-operation and research for technology development, building an open innovation ecosystem to promote sustainable development of Vietnam Oil and Gas Group

In the era of digital economy and industrial revolution 4.0, technology development is happening at a rapid pace along with the process of energy transition. Given the new situation, the Vietnam Oil and Gas Group (Petrovietnam) has focused on developing and implementing a comprehensive innovation strategy, in which Petrovietnam clearly defines the roadmap to develop the need-to-be-mastered, highly applicable technologies in line with the common strategic goals of production and business fields, building an "open" enterprise-centred innovation ecosystem to create breakthrough developments. Petrovietnam’s long-term science, technology and innovation programmes are associated with four strategic goals, which are: i) increasing reserves, maintaining production, and ensuring energy security; ii) efficiently using resources and infrastructure, and optimising production costs; iii) minimising environmental impacts; and iv) developing new fields.