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Vietnam’s Olje j og g Gass sektor

Overview of Vietnam oil & gas group
board of directors
PRESIDENT & CEO AND VICE PRESIDENTS

subsidiaries and affiliates 20 divisions, 27 subsidiaries for all sectors

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Overview of Vietnam oil & gas group
Exploration Division Commercial & Marketing Division Financial & Accounting g Division Personnel and Training Division Service Development Division Petroleum Production Division Inspection and Security Division International Cooperation Division Health - Safety - Environment Division Labor, Wages & Staff Policy Division Enterprise Reform&Development Division

PET TROVIE ETNAM M HEAD D QUA ARTER RS PRESID P DENT & CEO AND D VICE E PRESI IDENTS S

Petroleum Processing g Division Gas & Power Division Planning - Investment Division Internal Auditing Division Legal Division Construction Division Science - Technology Division Bid Evaluation Office Administration

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Overview of Vietnam oil & gas group PTSC SC PVEP PIDC PV Gas G PV Drilling PV Insurance PV Engineering PV Trans Co. C RDCPP PETROSETCO DUNG QUAT REFINERY NGHI SON REFINERY Ph M Phu My F Fertilizer tili Mgt M t Board B d Ca Mau Gas-Power-Fertilizer Mgt Board Phu My – HCMC Gas Pipeline Mgt Board Petrovietnam Buildings No.1&5 Mgt Board P PETRO OVIET TNAM VPI sub bsidiar ries PIC PETECHIM PVFC PVECC PVPDC DMC RDCPSE PVMTC Hanoi Petroleum Trading Center Mgt Board 78 . PVFC Co.

Sep 1975: Establishment of the Vietnam Oil and Gas General Department. northern Vietnam. April 1990: PETROVIETNAM was integrated in MHI. Sep 1977: Establishment of the Vietnam Oil and Gas Company (PETROVIETNAM). MHI Since April 1992: PETROVIETNAM was detached from MHI to be under direct control of Prime Minister. Operating O ti i all in ll areas of f petroleum t l sector: t upstream. Exploration activities started in the early 1960s in the Song Hong delta. t midstream id t and d downstream.Milestones         Petrovietnam is National Oil & Gas Company. 79 . Since January 2007 PETROVIETNAM has been Multi-Businesses Group beyond Petroleum.

Banking Banking. Maintenance. Transportation Transportation. Hotel. Real Estate Business. Manpower Provision. Provision of Services. Production Production. Insurance. Education. Construction. Engineering. Crude Oil. Securities. Processing Processing.Main functions          Petroleum Exploration Exploration. Finance Securities Finance. Exploitation of Petroleum and Civil Facilities. Storage Storage. 80 . Other Businesses permitted by Vietnam’s Laws and Regulations. Petroleum Products. Consultancy. Survey. Distributions Of Petroleum Products. Import and Export of Petroleum Materials and Equipment. Tourism. Training. Office.

To develop p and add value to national resources. To contribute to GDP (>30%) ( ) 81 . Mission Statement:      Business Entity.Vision To become a Leading Integrated Oil & Gas Group in the region and in the world. To ensure the energy security of the country. y Petroleum is core business.

Phu Khanh. Hoang g sa and Truong g Sa basins. Cuu Long. • • • • • • • Source: Petrovietnam 82 . Malay.Oil and Gas p potentials – Major j Basins Vietnam.Tho Chu. Potential oil resources: 8.3rd largest g oil p producer in SE Asia: • Major basins (7): Song Hong.000 000 bod Gas production : 600 MM cfd production: >200Mt of crude oil Cumulative p & > 20 billion m3 of gas.5 billion barrels Potential gas resources: 100 TCF Oil reserves: ~ 4 billion barrels Gas reserves: ~ 23 TCF Oil prod production ction : ~ 430 430. Nam Con Son.

0 0 QUANG BINH 2000 000 111 09-2 09-3 09 3 15-1 16-1 16-2 07 & 08 133 & 134 05.0 0 QUANG TRI TH UA THI EN HU E 1900 000 114 115 116 117 1800 000 118 QUANG NAM DA NANG N 16.1b& 05.0 0 KO N T UM QUANG NG AI 121 BINH DI NH GI A LA I 122 1600 000 N 1 4.00 . 05-2 & 05-3 800 000 N 7.00 E105.0 0 HOA BINH 2300 000 106 N 20.Overview of f Vietnams blocks bl k and d operators Blocks / Operators under PVEP’s Management 190 000 N 23.0 0 THANH HOA 102/91 103/91 107 L AOS NGHE AN 2200 000 108 104 109 N 19.00 MALAY-THOCHU BASIN 0 100 200 Km 600 000 EXPLORATION DEPARTMENT N 5 .00 E108.00 E110.00 E109.00 E103.00 E106.1c HOANVU JOC VRJ CUULONG JOC HOANGLONG JOC CONOCO VAMEX CONOCO IDEMITSU KNOC PREMIER OIL PREMIER OIL BP TRUONGSON JOC CHEVRON CUULONG BASIN 112 113 N 17.0 0 AN GIA NG PHU QUOC ISL AND DONG NA I BA RIA VUNG TAU BINH THUAN 1/97 01 128 1200 000 SOUTH CONSON BASIN 01 15-1 15-2 09-2 09-3 04-2 10 04-3 11-1 11-2 5-3 06-1 12-E 06/95 06-2 07 05-1C 05-3 04-1 2/97 03 02 129 N 1 0.00 E107.0 0 HAI NAM ISL AND 2100 000 HA TINH 105 110 N 18.00 E111.0 0 LAI CHAU TH AI N GUY EN 2400 000 15-2 15-2/01 01 & 02 BAC GIANG HA NOI CAP ITAL BAC NINH QUANG HA I HUN G DUO NG HA I YEN PHONG NAM HA HA NOI BAS IN NINH N 21.00 E112.00 E104.0 0 13 08 136 36 23 30 24 14 700 000 46/02 B & 48/95 & 52/97 N 6 .0 0 NI NH THU AN 126 1300 000 127 N 1 1.0 0 THAILAND 119 1700 000 120 N 15.0 0 HA G LAO CAI IANG TU YE N QUANG YEN BAI VIN H PHU SO N LA BAC CAO BANG 200 000 300 000 400 000 500 000 600 000 700 000 800 000 900 000 1000 000 1100 000 1200 000 1300 000 BLOCK 2500 000 OPERATOR JVPC THANGLONG JOC PETRONAS LAMSON JOC REMARK CHINA LAN G SON CAN N 22.0 0 CAMBODIA BINH PHUOC TAY NINH BINH DUONG HO CHI MI NH C ITY DONG THAP LONG TIEN GIANG VI NH LO NG 15-2 /95 16-1 16-2 25 31 18 26 50 44 37 32 27 B-16 51/96 51 46-1 46 40 35 29 22 39 34 45 38 33 28 21 12-W 20 11-2 19 17 09-1 AN LAM DONG 124 DAC LAC KHANH HOA 125 1400 000 N 1 2.0 0 135 06-1.0 0 123 PHU YE N 1500 000 N 13.00 83 E102.2 12W 48 42 SOC TR A NG 131 N 9.0 0 B-12 B-13 B-14 55 B-15 54 48/95 B 49 43 132 1000 000 133 05-2 134 12E 900 000 N 8.0 0 B-10 B-11 47 41 KIEN GIA NG BA C LI EU CA MAU CAN TH O 130 1100 000 11 2 11.

5 40 36 45 Oil MMbbls Oil and gas production 1989-2004 and prediction to 2010 Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 67 75 81 89 95 12 2 15 6 21 8 27 0 28 0 30 0 10 2 11 0 11 8 12 1 12 7 32 0 34 0 35 0 37 0 .5 18 30 2 4 8. 5 Oil & Gas production p od ction 84 1991 1992 Gas BCF 1993 1994 1995 1996 1997 1998 1999 74 10 0 54 56 11 0 24 31 .Oil ( (mmbbls) / Ga as (BCF) 150 200 250 300 350 400 100 50 0 Source: Petrovietnam 1989 1990 10 3 15 2 20 2 25 4 28 .

Upstream Projects – Current petroleum Contracts From 1988 to 2007: • • • 54 petroleum signed contracts 30 contracts are in force 8 billion USD of investment Source: Petrovietnam 85 .

Production fields Song Hong: Hong: TienHai C Cuu Long Basin: Basin: Bach Ho. MalayMalay -Thochu Basin Basin: : Bunga Raya. Cendor On development: TL. Moc Tinh. Lan Tay .CV… Source: Petrovietnam 86 . Raya Kekwa Kekwa. On development: HT. Rong Doi. CNV… NCS B Basin Basin: i : Dai Hung. Cai nuoc nuoc.AQ. Rong Rang Dong Hong Ngoc (Ruby) Su Tu Den (Black Lion) On development: STV.

New discoveries Block 102 102-106: Thai Binh Block 103 103-107: Bach Long g Block 1515-1: Su Tu Nau Block 15 15-2/04: Hai Su Trang Block 12: Chim Sao Source: Petrovietnam 87 .

Cooperation in Oil & Gas Exploration Bilateral Vietnam-China Trilateral Vietnam-ChinaPhilippines Bilateral Vietnam-Campuchia Source: Petrovietnam 88 .

Malaysia 30% 89 .Overseas Projects Lô 433a&416b. Malaysia. & Appr. 10% Block NEM 1 Indonesia. 15% Expl. 40% A Amara Oil Fi Field ld Iraq 100% 3 Blocks in Tamtsag. (04) Block Majunga. 5% per Block Venezuela. 20% Block NEM 2 Indonesia. Mongolia. 49% PM304 (Cendor Field). & Prod. Madagascar. 20% Block SK305. An-giê-ri. (05) Dev.

30.Upstream activities   Petroleum Contracts signed: 54 of which 30 are in force E&P activities: 300.000km2 3D.     90 .000 km 2D. e s.000 bbl/day from 7 fields and 2 fields on development Gas production: 650mmcf/day from 5 fields and 2 fields on development Results R l of f E&P studies di and d new discoveries di i h have opened d many opportunities for future investment in upstream projects. 20 oil & gas fields (10 producing fields) Oil production: 400. 70 hydrocarbon discoveries. 200 exploration wells.

Gas projects p j 91 Sourc ce: Petrovietn nam .

000 T/year Source: Petrovietnam 92  Condensate: 150.Bach Ho Gas Utilization Project        Offshore Compression T Transmission i i Pi Pipeline li Gas Processing PlantPlant-Dinh Co Distribution Pipelines LPG Storage & JettiesJetties-Thi Vai Length: 140 km Diameter: 16 inch CAPACITY:  Associated Gas: 2 BCM/year  Dry Gas: 1.000 T/year .5 BCM/year  LPG: 300.

: 110.000 T/y Length: g 370 km Diameter: 26 inch Source: Petrovietnam 93 .Nam Con Son Gas Utilization Project       Capacity: 7 BCM/y Phase one: 2002 Gas: 2.7 BCM/y Cond.

Phu My – HCMC Gas Pipeline      Capacity: 2 BCM/y Completed p in 2006 Length: 62 km Diameter: 22 inch Investment: 115 MM USD Source: Petrovietnam 94 .

City .L Low Pressure P Distribution Di t ib ti Network N t k  Supply gas to the industrial zones along the trunktrunk -pipeline to HCM City. First network in 2003 Length: Length : 15 km Capacity: Capacity : 1 mm m3/year    Source: Petrovietnam 95 .

51:  2. Block BB Omon.5BCM/year (60 BCM reserve) 2.000 tons/year 2-5BCM/year (160 BCM reserve)  Block B. Omon   Block PM3-CAA: Block 46.Tranoc power plants . 52/97 : Block B .South – West Gas Plan & Regional Link Two pipelines systems: PM3PM3 Camau .50.44 billion USD Ca Mau Complex: 720 MW Fertilizer Plan: PM3-CAA-> Ca Mau Pipeline 289Km offshore +43 Km Onshore. 26”suplies gas to Omon .Omon pipeline 235km offshore+195km onshore. 18” Power Plan: 800. 96 .0 BCM/year Total investment ~ 1. 48/95.

5 2005 35 L.7 bcm/year 2002 29 22 13 07 Existing pipeline Pipeline under construction (FS made) Pipeline under FS 97 Power plant under operation (FS made) Power plant FS being studied Fertilizer plant under construction (FS made) Sou urce: Petrovie etnam BO 52 NG PT K O T TE BL P OC B16 K 50 FINA 32 block 46.52/97 Max 3000mw SOC TRANG 16-1 41 282 km 60 km AN MINH 107 km 16 inch 17-1 ENTERPRISE 26 inch 09-2 VIETSOVPATRO PETRO 03 48-95 42 43 270 km 235+43 km 23 km 60 km 145 5 k 145+5 km 25 17-2 SONG DOC CA MAU 09-3 UNOCAL 18 31 10 365 km 26 inch 04-1 04-2 24 inch BLOCK B UNOCAL B14 B15 P E T T P L A C O N /U 289+43 km 18 inch 50/96 44 37 complex power Max M 2160 MW fertilizer.7 BCM/year 2005-2006 opt 1 from 3 lines IA OD M MB NA CA T E VI Block B.Development p Plan for Gas in the South T O6 WOODSIDE O5 WOODSIDE Max 1440 MW Phu My area 2005: 4215 MW Oomon MON TRA NOC 500KV transmission line available HO CHI MINH 100 km 30 inch 01 capacity CARIDALI 2 bcm/year Hon dat O4 IDEMITSU Phu my CARIGALI 15-1 Max 1440MW 71 BCm 100+5 km 105+5 km 125 km DINH CO 16-1 46 km 15-2 JVPC 02 CARIDALI CARIG 2-3.1.51 10-15 bcm 0.5 bcm/year after 2010 .50.T©y.®á 58 bcm 2. L.2. 800.000 t/year 27 26 capacity 6-7 6 7 bcm/year b / 19 04-3 04 3 05-1 51 FINA 51/96 45 38 33 28 20 11-2 PEDCO 05-3 AEDC 05-2 BP B13/38 PTTEP B17 CPOC B12/32 TEXACO CPOC C19 A18 CTOC PM 302 CARIGALI 46 FINA PM 3 LUNDIN 40 39 34 21 12 CANADIAN PETROLEUM 06 11-2 06-2 BP PM3_CAA 60 BCM 2 5 BCM/year 2.8-1.

000 8.000 4.000 Oil Demand (millions tones) Gas Demand (millions cubic meters) Source: Petrovietnam 98 .Oil & Gas Demand OIL AND GAS DEMAND IN VIETNAM 2001-2010 millions tones 18 16 14 12 10 8 6 4 2 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 0 2.000 millions cubic meters 10.000 6.

99 .

000 PE TPA) Southern Refinery (7(7-9 MMTPA) 2011MMTPA). 1997 PS Project (60. 2010 100 Phu My Fertilizer Plant (740.000 TPA). 2009 LAB Project (30.Refineries & Petrochemical Activities Nghi Son Refining & Petrochemical Complex (7 MMTPA).000 PP TPA 350. Ethylene Complex 20102010-2015 (400.000 TPA) 2003 TPA).000 000 TPA). Source: Petrovietnam .000 TPA) In operation Plant Project Under Construction Investment Preparation Project Condensate Plant (270 (270.000 TPA) PP Project (150 000TPA) 2009 (150. 2011-2015 DOP Plant (30. 2004 Camau GasGas-Power PowerFertilizer Complex (800 (800. 20102010-2015 Dung quat Refinery (65 MMTPA). 2004 PVC Plant (100.000TPA).000 TPA).000 000 TPA).

Operation: June 2004 Source: Petrovietnam 101 . Vung Tau Capacity: urea 740.Phu My Fertilizer Plant       Location: Phu My.000T/year Capital:430 million $US.000 T/year. ammoniac 51.

PVC Plant Joint Venture (PV. Petronas.000 tons/year Capital: 68. Tramatsuco) Location: Baria.5 million $US Operation: January 2003 Source: Petrovietnam 102 . Vung Tau Capacity: 100.

Kerosene. Capital: 2. 1 .5 JV.Nghi Son Capacity: Feedstock: Products: Capital: Status: Operation: 7 million tons/year Sweet/Sour Crude Oil ( 50/50) LPG. A1 Diesel Diesel. BOT BOT. FO FO.) ) Pre-FS approved by Government FS being made (to be submitted to Government in Dec.Dung Quat Capacity: 6.. PP PP. FO.Ongoing projects • Refinery No. Kerosene Kerosene. Unlead Gas (Octane Index > 90).PP 3 3 5 billion $US (Open for foreign party JV 3-3.5 billion $US (Petrovietnam 100% share) Status: Under construction Operation: • In 2009 year Refinery No. Bitumen.5 million tons/year Feedstock: Bach Ho Products: LPG Unlead Gas LPG. Jet A1. Gas. Para-xylene (for Polyester). 2 . Diesel. 2003 for approval) in 2015 103 .. BCC BCC.

Up to 1 million tons/year for other products in further stages. Imported Heavy Crude Oil or atmospheric residue from refinery Bitumen and by by-products products as DO. DO FO. 104 .000 ton/year (Phase 1).000 ton/year (Phase 2) 700 million illi $US $US..Ongoing projects • Bitumen Project Location: Capacity: Feedstock: Products: Investment: • Ca Mau Fertilizer Location: Capacity: C it l Capital: Operation: Present status: Ca Mau Complex 800. FO FS being made.2 only).. FS approved d by 2008 EPC contract sumitted for Government approval To be decided 0 2 million tons/year for the first stage (bitumen only) 0. 2. open to investors with Joint Venture.000.

FS being made 120.Vung Tau complex • • • • 105 Ethylene Complex : Polyester Fiber Plant : PS Plant : Methanol Plant : 600. in operation with Refinery No.Projects Calling for Investment Refinery R fi N No. 130 million USD FS being made 60. 170 million $US FS being made. FS being made 150.3 3i in S South th A Area Dung Quat Complex • • LAB Plant : PP Plant : 30.000 00 000 tons/year 900 million USD.Germany .000 tons/year. 45 million USD.000 ton/year.000 tons/year. 50 million USD FS being made y 350 million USD ( (in Baria. FS made with Lurgi Oil Chemie .000 tons/year.000 tons/year.1 Baria . Vung g Tau) ) 660.

Vietnam Petroleum Institute (VPI) Research and Development Center for Petroleum Processing (RDCPP) Research and Development Center for Safety and Environment (RDCSE) P Petroleum l Information I f i Center C (PVC)     106 .R & D Centers  Science-Technology is a basic foundation for the firm development of the Petroleum Industry of Vietnam.

Papua New Guinea. management of f geo-information. J K Korea. technology transfer. Philippines. F Germany. A t li Belgium.  Member M b countries t i (Eleven): (El ) Cambodia. Kingdom 107 . D k France. Norway. Singapore. Russian Federation.  Cooperating C ti countries t i (Thirteen): (Thi t ) Australia. Sweden. i f i geo-hazard h d mitigation ii i and d protection i of f the h environment. B l i C Canada. Thailand and Vietnam. exchange of information and institutional linkages for sustainable resource development. i Japan. Chi I d Indonesia. United g and United States of America.CCOP (Coordinating Committee for Geoscience Programmes in East and Southeast Asia)  "To facilitate and coordinate the implementation of applied geoscience programs in East and Southeast Asia in order to contribute to economic development and an improved quality of life within the region".  To this end. M l i Malaysia. CCOP promotes capacity building. C b di China. Japan. The Netherlands. d Denmark.

information Holding of Conferences and Seminars. Philippines. Malaysia. Singapore and Thailand) signed the Declaration of Establishment and the Memorandum of Understanding of ASCOPE. Facilitating exchange of information.ASCOPE (ASEAN C Council il on P Petroleum t l ) On the 15th of October 1975. petroleum Providing mutual assistance in personnel training and the use of research facilities and services in all phases of the petroleum industry. 108 . five founding countries (Indonesia. Collaboration in the efficient utilization of petroleum. 1996. February 2001. Maintenance of close cooperation with existing international and regional organizations with similar aims and purposes. 2001 The aims and purpose of ASCOPE:  Promotion of active collaboration and mutual assistance in the development of      petroleum resources in the region through joint endeavors in the spirit of equality and partnership. Vietnam became the seventh member of ASCOPE on November 5. Brunei Darussalam joined later in 1985. Cambodia and Myanmar became ASCOPE members on 14 February. the Philippines Singapore.

businesses 109     . investment Developing technological and managerial abilities to adapt to the development of the industry in both domestic and overseas business environments. Expanding international energy-related energy related businesses. group Expanding exploration and production activities throughout the country and overseas. overseas Developing infrastructure – gas market. projects Attracting more foreign investment in parallel with PVN’s increase of investment.Petrovietnam – Road to Future   An international industrial – commercial – financial group. gas and downstream projects.

Objectives Develop domestic market for natural gas consumption 2010: 12-14 12 14 Billion m3 2010-2020: Construct and operate national pipeline system and d integrate i with ih regional pipeline system Implementation plan Participate in investment of 3 gas-utilized Industrial Zones: South Western: 6-9 Billion m3 per annum South Eastern: 5 5-8 8 Billion m3 per annum Northern: 1-2 Billion m3 per annum 110 .

5BUSD Production distribution: 3 BUSD Services: 1 BUSD Implementation plan Establish PetroVietnam internal E t bli h P t Vi t i t l fiscal system: PetroVietnam finance company Petroleum investment and development bank PetroVietnam securities company PetroVietnam insurance company 2010-2020: 21. E&P 12 BUSD E&P: Gas transportation: 1.Objectives Financial requirements: 2001-2010: 20 BUSD. participating in securities market 111 .4 BUSD Encourage foreign investment Establishing E&P fund from 20% crude oil sale revenue Diversify capital mobilization: • Issuing international and domestic petroleum bonds.5 BUSD Petroleum processing: 2.

.Opportunities pp and p potentials for Norwegian g Oil & Gas –related companies • • • • • • • • • • • • 112 Waste W t management. including produced water treatment. abandonment & clean up pp procedures and technologies. including drilling rigs (70-200m) Seismic surveys Gas utilisation alternatives (polypropylene and polyethylene production) Engineering and construction of production facilities Supply vessels Promotion support for investment related to upcoming licence rounds Training and education “Oil Oil for Development Development”: : Norway has decided to double the development aid within Oil and Gas related to Administrative Development Competence. t including i l di systems t f for treatment t t t of f hazardous h d and d toxic t i wastes Environmental protection technologies. g . and environmental practises in processing Oil spill combat equipment. including boats and facilities Enhanced Oil Recovery (EOR) technologies for declining oil fields (including CO2 injection) Deep water (more than 100m) drilling and production technologies.

THANK YOU !!! 113 .