Mr. Le Ngoc Son becomes the new General Director of Petrovietnam

On March 18, the Board of Members of the Vietnam Oil and Gas Group (Petrovietnam) decided to appoint Mr. Le Ngoc Son to the position of General Director.

Mr. Son's predecessor, Mr. Le Manh Hung, was appointed as Chairman of the Board of Members of Petrovietnam from January 1, 2024.

Pursuant to Decision 1592-QD/DKVN dated March 18, 2024, the Board of Members of Petrovietnam appointed Mr. Le Ngoc Son, Member of the Board of Members of the Group, to hold the position of General Director of Petrovietnam, with a term of appointment of 5 years. The decision takes effect from the date of signing.

Previously, on March 15, the Chairman of the State Capital Management Committee at Enterprises signed a decision to appoint Mr. Le Ngoc Son, Deputy General Director of Petrovietnam, to the position of Member of the Group's Board of Directors.

Mr. Le Ngoc Son was born in 1972. His professional qualifications are Master of Oil and Gas Field Evaluation and Management; Engineer of Oil and Gas Drilling Technology.

New General Director of Petrovietnam Le Ngoc Son has nearly 30 years of experience working in the oil and gas industry in many different positions.

Before being appointed as General Director of Petrovietnam, Mr. Le Ngoc Son held the position of Head of the Group's Oil and Gas Exploitation Department, General Director of Phu Quoc Oil and Gas Operating Company (Phu Quoc POC). From March 2021 until being appointed as General Director of Petrovietnam, Mr. Le Ngoc Son was Deputy General Director of the Group in charge of exploration and exploitation.

Among the immediate tasks that Petrovietnam and new General Director Le Ngoc Son need to focus on is the Block B - O Mon gas-electricity project chain, in which Petrovietnam participates in all three stages: upstream exploitation - pipeline construction and power plant investment.

This is also a familiar project to new General Director Le Ngoc Son, who used to hold the position of General Director of Phu Quoc POC.

The Block B - O Mon gas power project chain is considered a national key project with a total investment of nearly 10 billion USD. Of which, the upstream stage is operated by Phu Quoc POC, with a total investment of about 6.7 billion USD (including PVN and partners PTTEP and MOECO), the midstream stage (pipeline and gas distribution station) accounts for 1.3 billion USD. The downstream stage, where there are 3 power plants (1,050 MW/plant) accounts for about 1.2 billion USD/plant and currently Petrovietnam is the investor of O Mon III and O Mon IV Power Plants.

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