Vietnam Oil And Gas Profile
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Vietnam News
Introduction
- In 2010, Vietnam had 4.7 billion bbl of proven reserves and production of 300,000 barrels per day of crude oil
- It has 680 billion cu metres of natural gas reserves and produced 9.4 billion cu metres in 2010
Regulation
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Upstream
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Active Companies
- State owned Petrovietnam has signed more than 76 petroleum contracts (53 are taking effect) with international petroleum groups and corporations under various forms like production sharing contract (PSC), business cooperation contract (BCC), joint operation contract (JOC, joint venture (JV),
- Premier oil has been active since 2004 in three blocks
Crude Oils
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Midstream
- The Nam Con Son Gas Pipeline transports natural gas from offshore fields to a gas processing plant onshore
Downstream
- Vietnam's first refinery, Petrovietnam's Dung Quat Refinery began operations in 2009
- The Nghi Son Refinery Project, a 200,000 bpd refinery, is expected to be completed in 2014
Relevant Links
page revision: 4, last edited: 12 Apr 2014 10:29