Vietnam - Latest Oil and Gas Industry News

Transcription

Vietnam
Oil & Gas Country Review
Energy Review Vietnam
12
13
365
350
317
11
348
312
10
14
9.8
9.4
Billion cubic meters
10.2
Vietnam Gas Production
8.5
About 100 hydrocarbon-bearing
prospects have been found in
about 50 fields of which 30 fields
are commercial. Estimated oil
reserves are about 643 million
tons of crude oil and 644 cubic
metres of gas.
09
9.4
Vietnam is ranked fourth in South
East Asia for oil and gas
production and oil reserves, after
Indonesia, Malaysia and Brunei.
08
342
Gas production began to increase
substantially in 2003 when fields
in the Nam Con Son basin came
onstream. Continued strong and
stready growth in output is
forecast to satisfy the growing
domestic gas market.
Thousand barrels per day
8.0
Vietnam’s oil and gas reserves
are offshore, mainly in the South
China Sea (known in Vietnam as
the East Seat), and in the Gulf
of Thailand. Reserves at depths
of less than 100 metres are
diminishing, particularly at the
major Bach Ho field in the Cuu
Long Basin. Vietnam is looking
to the greater challenges of the
large and largely unexploited
deepwater fields in the Nam Con
Son, Tu Chinh-Vung May, Phu
Khanh and Song Hong Basins.
Exploration has also started off
the island of Phu Quoc in the Gulf
of Thailand. The Malay-Tho Chu
Basin is also in the Gulf of
Thailand.
First oil production was in 1986
and output has risen, especially
from the Cuu Long basin. A large
increase in output occurred in
2004. Production will to rise to a
plateau in 2013/2014 after which
slow decline from the largest field,
Bach Ho, will only just be offset
by new developments, perhaps
eventually in deep waters.
Vietnam Oil Production
311
Vietnam’s production is offshore
from a series of basins along the
southern coastline underlying the
South China Sea.
7.5
Vietnam has a population of 90
million, 60% of whom are under
35; it has a working age
population of 56 million. Over the
last decade GDP growth averaged
8% and is forecast to average
6% per year for 2014-2017.
Vietnam’s import demand is
expected to grow by around
250% between 2010 and 2020
– faster than any other emerging
power, including China. This rapid
economic growth, industrialisation
and export market expansion is
driving domestic energy use.
Country Key Facts
Official name:
Capital:
Population:
Area:
Form of government:
Language:
Religions:
Currency:
Calling code:
Socialist Republic of Vietnam
Hanoi
94.05 million (2016)
331,114 square kilometers
(127,844 square miles)
Communist state
Vietnamese, English, French,
Chinese, Khmer, local languages
Buddhist, Hoa Hao, Cao Dai,
Christian, Muslim
Vietnam Dong
+84
08
Operational Key Facts
2014
2014
2014
2014
year end oil reserves:
oil production:
year end gas reserves:
gas production:
09
10
11
12
13
14
Source: BP Statistical Review
4.4 billion barrels
365,000 bbls per day
21.6 Tcf
10.2 Bcf
Oil production is about 15.2
million tons of crude oil and 8.7
billion cubic metres of gas.
Year end proved gas reserves
0.6
0.6
0.6
0.2
0.6
Trillion cubic metres
0.1
Oil production is expected to
remain steady over the next 5
years, although it is likely to
diminish after that. There are two
major variables. If deepwater
fields can be successfully
developed, production would
expand. On the other hand,
political issues involving China in
the South China Sea could delay
exploration. Recently China called
for exploration bids for nine oil
and gas blocks which are in
Vietnam’s exclusive economic
zone. This was done shortly after
Vietnam passed its Law on the
Sea. To date there have been no
signs of major concern among
foreign investors in the
Vietnamese oil and gas industry
o v e r C h i n a ’s a c t i o n s a n d
statements.
Year end proved oil
reserves
4.4
4.4
92 02 11 12 13
4.4
4.4
Billion barrels
2.8
Coal Bed Methane
CBM in Vietnam remains a very
early stage industry. Nonetheless,
there is a high potential for CBM
to supply the domestic gas
market, particularly in northern
Vietnam where existing
conventional gas sources are
nearing depletion and demand is
increasing from local industrial
customers. CBM is well placed to
service this growing market with
the Red River Delta in northern
Vietnam containing a substantial
coal resource. There is a proposal
for the construction of a new
pipeline system to connect
offshore gas resources to the Red
River Delta.
Energy Review
0.3
92
14
02
11
12
13
14
• Over the past few decades
Vietnam has emerged a s a n
important oil and natural gas
producer in Southeast Asia.
Vietnam has boosted exploration
activities, allowed for greater
foreign company investment and
cooperation in the oil and gas
sectors, and introduced market
reforms to support the energy
industry. These measures have
helped to increase oil and gas
production. Also, the country's
rapid economic growth,
industrialization, and export
market expansion have spurred
domestic energy consumption.
• Successful exploration has
recently led to a substantial
increase in proved crude oil
reserves, which grew to 4.4 billion
barrels as of January 2013 from
0.6 billion barrels two years prior.
Vietnam's efforts to intensify
exploration and development of
its offshore fields have contributed
to the growth in reserves.
Ongoing exploration activities
could increase this figure in the
future, as Vietnam's waters
remain relatively underexplored.
Vietnam is currently the thirdlargest holder of crude oil reserves
in Asia, behind China and India.
• Vietnam produced around
365,000 barrels per day (bbl/d)
of oil in 2014, down from its peak
of 403,000 bbl/d in 2004. The
Cuu Long Basin has been the
primary area for oil production.
• Vietnam is a net exporter of
crude oil, but is a net importer
of oil products. With oil
consumption doubling from
176,000 bbl/d in 2000 to 388,000
bbl/d in 2012, the country must
import a majority of refined
products to satisfy demand.
• Vietnam has one operating
refinery, the 140,000- b b l / d
Dung Quat refinery, which came
online in 2009. Vietnam's stateowned Vietnam Oil & Gas
Corporation (PetroVietnam) is
looking to boost crude distillation
capacity to around 200,000 bbl/d
by 2017 and to develop Dung
Quat's ability to handle sweet
and less expensive sour crude oil
from Russia, the Middle East, and
Venezuela.
• Vietnam plans to offer 49
percent of Dung Quat's equity to
foreign investors in order to
finance the expansion of Dung
Quat. The Vietnamese
government is looking to build
two additional refineries, Nghi
Son and Long Son, though there
have been financial and land
c l e a r i n g i s s u e s t h a t h ave
prevented the completion of these
refineries.
• PetroVietnam is the key
company in the oil and natural
gas sectors and serves as the
primary operator and regulator
of the industry. Oil and natural
gas production is either
undertaken by PetroVietnam's
upstream
s u b s i d i a r y,
PetroVietnam Exploration and
Production (PVEP), or through
PetroVietnam's joint venture with
other companies.
• International Oil Companies
(IOCs) such as ExxonMobil,
Chevron, and Zarubezhneft have
formed partnerships with
PetroVietnam. IOCs must receive
approval from the Oil and Gas
Department of the Prime Minister,
and must negotiate upstream
licenses with PVEP.
• Vietnam currently holds 24.7
trillion cubic feet (Tcf) of proved
natural gas reserves, up from 6.8
Tcf in 2011. Increased foreign
investment since 2007 has led to
greater exploration, significantly
increasing Vietnam's proved
natural gas reserves.
• Vietnam produced 272 billion
cubic feet (Bcf) of dry natural gas
in 2011, all of which was
domestically consumed. The
country is currently self-sufficient
in natural gas, but PetroVietnam
predicts that there will be a
natural gas supply gap of 1.3 Bcf
per day by 2025 as demand
surpasses supply.
• The Vietnamese government
has considered importing liquefied
natural gas (LNG) in the future
to meet growing natural gas
demand. PetroVietnam (PV) Gas
has signed a memorandum of
understanding and a front-end
engineering and development
(FEED) contract with the Tokyo
Gas Company to develop the Thi
Vai LNG terminal in the Vung Tau
province.
• Vietnam produced about
49,079 thousand short tons of
coal in 2011, of which almost half
(23,739 thousand short tons) was
domestically consumed. Vietnam
exports a large portion of its coal
and also imports a small amount.
In 2013, the Vietnamese
government increased the coal
export tax to 13 percent from
10 percent to reduce exports and
satisfy growing energy demand
with domestic production,
particularly in the power sector.
Electricity consumption nearly
quadrupled from 22 billion
kilowatthours (KWh) in 2000 to
86 billion KWh in 2010 and was
generated almost entirely by
hydropower, natural gas, and
coal. Vietnam anticipates power
demand to more than triple to
330 billion KWh by 2020.
• Vietnam, the Philippines,
Malaysia, China, Taiwan, and
Brunei all claim sovereignty over
the Spratly Islands in the South
China Sea, which remains a key
territorial dispute for Vietnam.
Vietnam and several of its
neighbors have reached
agreements in principle in the
past to conduct joint exploration
for oil and natural gas resources
in the area, although continued
territorial disagreements have
hindered these efforts.
Source: Energyfiles.com, EIA, Norton Rose
Fulbright
Oil and gas law in
Vietnam
Legal framework
The Law on Petroleum 1993, as
amended in 2000 and 2008, is
the principal legislative instrument
that governs the oil and gas
industry.
In the Law,
“Petroleum” is defined to
include crude oil, natural gas and
hydrocarbons. It includes coal
bed methane and sulphur; and
to exclude coal, shale, bitumen
and other minerals from which
oil can be extracted;
“Petroleum operations” is
defined as being exploration
activities, field development and
production of petroleum, and it
includes services directly related
to or in support of such activities;
“Contractor” means any
Vietnamese or foreign
organisation which is permitted
to conduct petroleum operations
pursuant to a petroleum contract:
“Petroleum contract” means
any contract between PVN and
a n o t h e r p a r ty t o c o n d u c t
petroleum operations.
“Encouraged petroleum
investment projects” are
projects in deepwater and remote
areas or in regions with extremely
difficult geographical or geological
conditions as determined by the
Prime Minister.
The Government determines the
blocks which will be made
available for exploration. All
samples, data and information
collected during petroleum
operations are the property of
Vietnam.
A contractor producing oil may
be entitled to retain and export
an agreed percentage of the
production, and it may remit
income.
Royalties and taxes
Royalties must be paid on oil
production. There is a scale of
royalties with concessional rates
for encouraged projects. The
lowest rate is imposed on crude
output of up to 20,000 b/d of 10
per cent (7 per cent for
encouraged projects); the highest
rate is imposed on crude output
of above 150,000 b/d at the rate
of 29 per cent (23 per cent for
encouraged projects).
Corporate income tax (“CIT”)
rates on petroleum exploration
and extraction in Vietnam are
between 32 per cent - 50 per
cent as decided by the Prime
Minister.
Foreign contractor tax (“FCT”) is
a type of withholding tax imposed
on offshore contractors.The
calculation of FCT will vary
depending on the method of tax
payment is chosen by the foreign
contractor, the precise nature of
the goods or services being
provided, the duration of the
contract and whether the foreign
contractor has a permanent
presence in Vietnam. It is
imposed on revenue in respect
of both CIT and VAT.
Import duties are applied but
there are exemptions for many
imported goods which are used
in the oil and gas industry. These
include equipment and machinery,
specialised means of transport,
health and office equipment, and
materials which cannot be
produced in Vietnam. Export
duties are imposed on the export
of crude oil.
VAT is imposed at a standard rate
of ten per cent. Equipment,
machinery, spare parts, specialuse means of transport and
necessary supplies which cannot
be domestically produced yet and
which are required to be imported
to be used in prospecting,
exploration, and development of
oil and gas fields; drilling
platforms which are not yet able
to be produced domestically and
which are required to be imported
to form fixed assets of enterprises
or which are leased from foreign
parties for use in production and
business and in order to be subleased; and export products being
exploited natural resources and
minerals which have not yet been
processed; are not subject to VAT.
The standard VAT rate is ten per
cent.
Vietnam has double tax treaties
with 62 countries, including most
jurisdictions where petroleum
contractors operating in Vietnam
have headquarters, but excluding
the USA.
Taxes are imposed on gas
production. For gas output of up
to 5 million cubic meters/day, the
royalty is 1 per cent for
encouraged projects and 2 per
cent for standard projects at
minimum scale; and may reach
6 per cent and 10 per cent
respectively for gas output of
above 10 million cubic meters/day
at maximum scale.
If exported, the oil and gas
production upon which royalties
have been paid shall be exempted
from 10 per cent export tax
applicable to crude oil and
condensate.
Any sale of equity in a Vietnamese
company by an oil and gas
contractor is subject to CIT at the
standard rate (currently 25 per
cent). It is not subject to VAT.
An environmental protection tax
commenced in 2012. It is
imposed on goods which may
cause damage to the
environment, including oil and
gas. It applies to both the
production and import of
petroleum products. An
exemption exists from most
exported products.
Contractors are also obliged to
contribute part of their annual
operating cost to the Petroleum
Science and Technology Research
Fund run by PVN.
Contracts
The Law sets out the main items
t h a t m u s t a p p e a r i n a ny
p e t r o l e u m c o n t ra c t . S u c h
contracts can be for a period of
up to twenty five years, including
an exploration period not
exceeding five years, for standard
projects. For encouraged projects
contracts may be up to thirty
years with exploration periods of
seven years. The Prime Minister
may extend a contract for five
years and the exploration period
f o r t w o ye a r s u n l e s s t h e
Government authorises a longer
period. In the event of force
majeure, the contract may be
suspended by consent for up to
three years. A petroleum contract
may only extend over two blocks,
unless the Government authorises
a wider scope.
T h e c o n t ra c t m u s t b e i n
Vietnamese but may also be in a
foreign language in which case
both versions are equally valid.
A contract can only be assigned
with the consent of the
Government, and PVN has first
priority in the event of an
assignment. Foreign arbitration
is permitted if either of the parties
is foreign individual or
organization. Foreign law may
govern the contract, but the
provisions of the contract must
be consistent with Vietnamese
law.
Exploration and production
contracts are usually in Production
Sharing Contracts (PSCs), the
form of which is legislated.
Refineries may be developed
under BOT and similar forms.
Service providers usually operate
under BCCs, which are a form of
joint venture contract. Sometimes
a subsidiary will be established
which is jointly owned by the
foreign service provider and the
r e l e v a n t P V N s u b s i d i a r y.
Petroleum sharing contracts
On 22 April 2013, the
Government published a revised
form of PSC which is effective
from 8 June 2013. PVN will only
enter into the PSC in the
prescribed form unless additional
arrangements have been included
in the successful tender. The
Prime Minister may approve the
use of a separate form, but this
would only happen in very
unusual circumstances and the
form still must contain prescribed
main contents.
CHINA
Hanoi
LAOS
Gu
The revised PSC is contained in
Decree 33-2013 ND-CP. It is
effective from 8 June 2013. It
does not apply to PSCs that are
in existence as well as blocks of
which fundamental economic,
technical and commercial
conditions approved by the Prime
Minister prior to that date.
Source: Norton Rose Fulbright
of
To n
kin
AM
THAILAND
Some of the notable amendments
include the following:
IE
TN
CAMBODIA
G
ul
f o
f T
hail
and
Source: EKFi
V
1. The Contractor must include
in its bid an offer to pay a
percentage of its Petroleum
Operating Costs to the Petroleum
Scientific Research and
Technology Development Fund.
2. The revised PSC requires PVN
to provide notice within 120 days
stating whether it will exercise
its pre-emptive rights over
proposed assignments by
Contractors.
3. PVN is given extra termination
rights. There arise where the
Contractor fails to commence
development within twelve
months of approval of the
development plan or ceases
development activities under
approved schedule during six
consecutive months, and where
production does not commence
within twelve months of the
scheduled time or ceases
exploitation activities during three
consecutive months.
lf
Proved oil reserves at 2014 year end (Thousand million barrels)
Australia 4.0
Brunei 1.1
China 18.5
India 5.7
Indonesia 3.7
Malaysia 3.8
Thailand 0.5
Vietnam 4.4
2014 Oil production (Thousand barrels daily)
Australia
Brunei
India
Indonesia
Malaysia
Thailand
Vietnam
448
126
895
852
666
453
365
Proved natural gas reserves at 2014 year end (Trillion cubic feet)
Australia 132.0
Bangladesh 8.9
Brunei 9.7
China 122.2
India 50.4
Indonesia 101.5
Malaysia 38.1
Myanmar 10.0
Pakistan 20.4
Papua New Guinea 5.3
Thailand 8.4
Vietnam 21.8
2014 Natural gas production (Billion cubic metres)
Australia 55.3
Bangladesh 23.6
Brunei 11.9
China 134.5
India 31.7
Indonesia 73.4
Malaysia 66.4
Myanmar 16.8
Pakistan 42.0
Thailand 42.1
Vietnam 10.2
Oil & Gas Companies Vietnam
AziPac
Eni
ExxonMobil
Gazprom
Geopetrol
Idemitsu
Japan Vietnam Petroleum Corporation (JVPC)
JX Nippon
KNOC
KrisEnergy
KUFPEC
Mitra Energy
Mitsui Oil Exploration Company
Mubadala Petroleum
Murphy Oil
Neon Energy
ONGC Videsh
Origin Energy
Pan Pacific Petroleum
Perenco
Petronas
Petrovietnam
Premier Oil
Quad Energy
Santos
SapuraKencana
Singapore Petroleum Company
SK Innovation
SOCO
Talisman Energy
Vietgazprom
Zarubezhneft
AziPac Vietnam
AziPac Limited
PO Box HM 3306, Hamilton HMPX
Bermuda
Office:
AziPac Limited
37 Serpentine Road,
Hamilton HM09,
Bermuda
AziPac Limited is an oil & gas
exploration company focussed
on offshore exploration in the
Asia Pacific and Bay of Bengal
regions and backed by the
Seacrest Capital Group. The
company utilises its proven
technological strengths to identify
and de-risk significant exploration
prospects.
Vietnam operations
In August 2014, AziPac
announced the acquisition of a
25% interest in Block 127 PSC,
offshore Vietnam.
AziPac, through its subsidiary
Azimuth Vietnam Limited, signed
a farm-in agreement with Mitra
Energy, the operator, for a 25%
participating interest in Block 127
PSC, offshore Vietnam. As part
of the deal, AziPac will pay a
working interest share of the
approved past costs and carry
part of Mitra’s costs of acquisition
and processing of a 3D seismic
survey, scheduled to be acquired
in the second half of 2014.
Acquisition of the 3D survey will
complete the work programme
obligations for the current
Exploration Phase which expires
on 24 May, 2016. Block 127 is
located in the Phu Khanh Basin,
off the SE coast of Vietnam. The
basin remains relatively
underexplored and recent 2D
seismic confirms the potential of
the basin in terms of
prospectivity.
The Seacrest Capital Group
The Seacrest Capital Group is a
premier energy investment group
focused on the upstream
exploration segment of the oil &
gas industry. The firm has
portfolio investments in North
West Europe, West Africa and
South East Asia
With the long-term backing of
The Seacrest Capital Group,
AziPac has the ability to make
significant and rapid investments
and develop the extensive AziPac
acreage position offshore
Southeast Asia and Bay of
Bengal.
Block 127 PSC
Mitra Energy (Vietnam Phu Khanh) Pte Ltd
Azimuth Vietnam Limited
75%
25%
Eni Vietnam
Eni Exploration & Production
Division
Via Emilia, 1, 20097 San Donato
Milanese
Italy
Tel: +39.02.5201
Eni is a major integrated energy
company, committed to growth
in the activities of finding,
producing, transporting,
transforming and marketing oil
and gas. The company operates
in the oil and gas, electricity
generation
and
sale,
petrochemicals, oilfield services
construction and engineering
industries. Eni is active in 70
countries with a staff of about
79,000 employees.
Vietnam operations
Exploration & Production
Presence on the field:
21,500 km2, of which 10,750
km2 net to Eni
Mining concessions: 3
In July 2012, Eni signed an
agreement with the Indian
company Essar for the acquisition
of 50% and the operatorship of
the exploration block 114, located
off the coast of Vietnam in the
Song Hong basin.
Exploration activities on the new
block foresee the acquisition of
3D seismic survey data and the
drilling of two wells. The block,
which extends over about 5,900
square kilometres, has a high
potential and is located in an area
where there have been recent
important exploration successes.
In the same basin, on June 25
Eni signed acquisition agreements
for two more blocks. Specifically,
with the companies KrisEnergy
and Neon Energy Eni signed an
agreement for the acquisition of
two exploration blocks located in
offshore Vietnam, respectively,
in the Song Hong and Phu Khanh
basins, in the Gulf of Tonkin. It
is estimated that the Song Hong
basin, where significant
breakthroughs have recently
been recorded, containes 10%
o f V i e t n a m ’s hyd r o c a r b o n
resources, mainly gas.
The agreement relates to blocks
105-110/04 and 120, of which
Eni is operator with a 50%
interest, while KrisEnergy and
Neon Energy will own 25% each.
The two blocks extend over a
total of about 15,600 square
kilometres. In the short term,
exploration activities will involve
for the acquisition of 3D seismic
data and the drilling of two
exploration wells.
Both of these agreements are
subject to approval by the
competent
Vietnamese
authorities.
Joint Technical Study
Agreement to Evaluate The
Potential Of Unconventional
Hydrocarbons in Vietnam
In February 2013, the President
and CEO of Vietnam Oil and Gas
Group (Petrovietnam), the
national oil company, Do Van
Hau, and the Chief Executive
Officer of Eni, Paolo Scaroni,
today signed an agreement in
Hanoi for the joint assessment
of unconventional hydrocarbons
potential of the country. The
agreement follows the signing of
a Memorandum of Understanding
between the two companies on
21 January 2013 in Rome, which
provides Petrovietnam with the
opportunity to expand its
international activities and the
opportunity for Eni to consolidate
its presence in Vietnam.
The study will be carried out by
a mixed Petrovietnam-Eni team
and will benefit from Eni’s
substantial wealth of knowledge
and proprietary expertise.
Offshore Block 122
In June 2014, Eni signed a
Production Sharing Contract
(PSC) for the exploration of the
offshore Block 122.
Block 122 covers an area of
6,900 sqkm in the Phu Khanh
Basin, in waters depth up to
2,000 meters. The exploration
period will last 7 years, subdivided
in 2 phases.
Eni Vietnam
This new agreement confirms
Eni’s interest to continue and
consolidate its presence in
Vietnam, where the company
returned in 2012.
Blocks 116 and 124
In October 2014, Eni signed two
Production Sharing Contracts
(PSCs) for the exploration of
blocks 116 and 124, located off
the coast of Vietnam.
Block 116 covers an area of about
5,000 sqkm in the Song Hong
basin, in waters with a depth
ranging from 10 to 120 meters.
The PSC block, wholly owned by
Eni, provides for an exploration
period of seven years divided into
3 phases.
Block 124 covers an area of 6,000
sqkm in the Phu Khanhbasin, in
waters that have a depth ranging
from 50 to 2,600 meters. The
PSC provides for an exploration
2 phases. This block is held by
Eni, which is the operator with a
60% stake, and by Santos
Vietnam with a 40% stake.
Seismic program
In March 2015, the CGG Amadeus
vessel commenced a 570 sq. km.
3D seismic acquisition program
in the Block 120 exploration
acreage offshore central Vietnam.
Block 120 covers 6,869 sq. km
overlying the Quang Ngai Graben
and the Tri Ton Horst where water
depths range from 50 to 650
metres. The graben connects the
Song Hong and Qiongdongnan
Basins in the north to the Phu
Khanh Basin in the south.
Eni Vietnam B.V. is the operator
with 66.67% working interest in
Block 120 and is partnered by
KrisEnergy who hold a 33.33%
working interest.
ExxonMobil Vietnam
Exxon Mobil Corporation
Hanoi Office:
5-06 Hanoi Towers
49 Hai Ba Trung Street, Hoan
Kiem District
Hanoi
Tel: +84 4 3938 6586
Corporate Headquarters
ExxonMobil
5959 Las Colinas Boulevard
Irving, Texas 75039-2298
Tel: +1 (0)972 444-1000
Fax: +1 (0)972 444 1350
Exxon Mobil Corporation was
founded in 1870 and is based in
Irving, Texas.
The company has leading
positions in nearly all the major
exploration and production areas
in the world and in the newest
opportunities, including the Gulf
of Mexico, offshore West Africa
and the Caspian Sea.
Exxon Mobil Corporation's
upstream business is organized
into five global companies:
Exploration, Development,
Production, Gas Marketing, and
Research. The Company is the
world's largest non-government
producer and reserves holder.
ExxonMobil's portfolio consists of
discovered oil and gas resources
of 70 billion oil-equivalent barrels,
activities in some 50 countries
and a leading acreage position
in the world's most promising
exploration areas.
2013 Operating Highlights
• Liquids production (net,
thousands of barrels per
day) 2,202
• Natural gas production
available for sale (net,
millions of cubic feet per day)
11,836
• Oil-equivalent production(2)
(net, thousands of
oil-equivalent barrels per day)
4,175
ExxonMobil's upstream business
encompasses high-quality
exploration opportunities across
all resource types and
geographies, an industry-leading
resource base, a portfolio of
world-class projects, and a
diverse set of producing assets.
The company have an active
e x p l o ra t i o n o r p r o d u c t i o n
presence in 39 countries.
Vietnam operations
ExxonMobil’s main presence in
Vietnam is through Exploration
and Production Vietnam Limited
(EMEPVL), which is conducting
exploration activities immediately
offshore of the Danang area along
central Vietnam and also offshore
southern Vietnam. The
exploration activities include
acquiring seismic data and drilling
exploratory wells.
In October 2011, ExxonMobil
discovered oil and gas off
Vietnam's central coast. The
discovery lies in the South China
Sea, where Vietnam has rich oil
reserves. State-run PetroVietnam
and international oil companies
already produce at several major
fields in the area. A number of
companies recently have found
oil in the region, including
Malaysia's Petroliam Nasional
Bhd., U.K.-based Premier Oil,
Russia's Gazprom and France's
Total.
Gazprom Vietnam
JOC "Vietgazprom"
Unit No. 2001-2008, floor 20th,
Keangnam Hanoi Landmark
Tower
Plot E6, Cau Giay urban area, Me
Tri commune
Tu Liem district, Hanoi city,
Vietnam
Tel: 84-4-37718985
Fax: 84-4-37719031
Email: [email protected]
Gazprom
Head Office
16 Nametkina St.
Moscow
Russian Federation
Tel: +7 (495) 719-30-01
Fax: +7 (495) 719-83-33
Gazprom is a global energy
company. Its major business lines
are geological exploration,
production, transportation,
storage, processing and sales of
gas, gas condensate and oil, sales
of gas as a vehicle fuel as well
as generation and marketing of
h e a t a n d e l e c t r i c p o w e r.
Gazprom holds the world’s largest
natural gas reserves. The
Company’s share in the global
and Russian gas reserves makes
up 18 and 72 per cent
respectively. Gazprom accounts
for 14 and 74 per cent of the
global and Russian gas output
accordingly. At present, the
Company actively implements
large-scale projects aimed at
exploiting gas resources of the
Yamal Peninsula, Arctic Shelf,
Eastern Siberia and the Far East,
as well as hydrocarbons
exploration and production
projects abroad.
• processing of oil, gas and other
types of hydrocarbon feedstock;
• supply of oil and gas derivatives
as well as equipment for the
oil and gas industry.
The document also provides for
cooperation of the companies in
promising projects in third
countries including exploration
and development of gas and oil
fields.
An Agreement on Further
Cooperation between Gazprom
and Petrovietnam was signed on
May 23, 2008 covering geological
exploration and further
development of four new blocks
offshore Vietnam. Vietgazprom,
a joint operating company, are
the operator of the project for
the development of these blocks.
The Agreement also provides that
the parties establish a
Gazpromviet joint venture to
perform activities in Russia and
third countries.
Vietnam operations
Gazprom and the Vietnamese oil
and gas corporation Petrovietnam
signed a Cooperation Agreement
on November 20, 2006. The
Agreement provides for
the following areas:
• exploration, development,
transmission, utilization
and sales of natural gas, oil
and other energy resources;
• engineering, construction,
operation and maintenance of
oil and gas pipelines, oil and
gas storage facilities as well as
distribution pipeline systems;
• diagnostics and control of
technical condition and
safety of gas and oil pipelines
as well as other facilities of gas
and petrochemical
infrastructure;
• utilization of oil and gas as a
motor fuel, development and
management of gas distribution
systems and a filling stations
network;
Gazprom and Petrovietnam
signed a Strategic Partnership
Agreement on December 15,
2009. The document provides for
the following areas:
• further joint work in
Vietnamese offshore blocks
under the previously concluded
oil and gas contracts;
• studying follow-up cooperation
opportunities in the vacant
licensed blocks of Vietnam;
• active cooperation in oil and
gas projects in Russia, Vietnam
and third countries within the
established Gazpromviet
company (in particular,
the parties consider
participation in the
development of the
Nagumanovskoye oil, gas
and condensate field as well
as in projects for exploration
and development of subsurface
areas in the Republic of Sakha,
Eastern Siberia and the
Far East);
Gazprom Vietnam
• sci-tech cooperation
development;
• establishment of a Joint
Coordinating Committee
and a Joint Working Group.
112 and blocks 129–132) by a
s i n g l e o p e ra t o r, w h i c h i s
Vietgazprom.
AM
Gazprom Investment Blocks
V
IE
TN
CAMBODIA
Ho Chi Minh
129
Source: EKF
G
ul
f o
f T
hail
and
130
131
132
Blocks 112 and 129–132
Geological exploration in block
112 offshore Vietnam is being
performed by Vietgazprom – a
joint operating company of
Gazprom and Petrovietnam. The
contract signed on September
11, 2000 provides for
hydrocarbons prospecting,
exploration, production and sales.
Gazprom and Petrovietnam
signed an Oil and Gas Contract
on blocks 129, 130, 131 and 132
in October 2008.
In addition to the Strategic
Partnership Agreement, Gazprom
and Petrovietnam signed an
Addendum to the Oil and Gas
Contract for block 112 on
December 15, 2009. The
Addendum includes the decisions
previously taken by the
Vietnamese Government on
extending the scope of the
Contract to cover adjacent blocks
111 and 113 and on executing
two oil and gas contracts (block
First success
A commercial gas inflow was
obtained in August 2007 during
the first exploratory well testing
in Bao Vang as part of the
prospecting activities in block
112 offshore Vietnam in the Gulf
of Bac Bo performed by
Vietgazprom.
According to the survey data, gas
flow rate was up to 400,000 cubic
meters a day. The well output
also showed the presence of gas
condensate.
In addition, in 2009 the
neighboring area of Bao Den
yielded 300,000 cubic meters of
gas a day. Therefore, two fields
were discovered within block 112.
Cooperation broadening
In April 2012 Gazprom and
Petrovietnam signed an
agreement on Gazprom
involvement in the development
project for blocks 05.2 and 05.3
offshore Vietnam in the South
China Sea. The document
stipulates that Gazprom will
obtain a 49 per cent stake in the
Production Sharing Agreements
that set forth the conditions
required for implementing the
project. The Russian party in this
project will be represented by
Gazprom EP International.
Two gas and condensate fields –
Moc Tinh (block 05.3) and Hai
Thach (blocks 05.2 and 05.3), as
well as the Kim Cuong Tay oil
field (block 05.2) were discovered
within the blocks. The aggregate
reserves of the two gas and
condensate fields are evaluated
at 55.6 billion cubic meters of
gas and 25.1 million tons of gas
condensate.
It is planned to launch the
construction of 16 production
wells 2,000 to 4,600 meters deep
in order to develop the fields.
At present, the pre-development
of these fields is nearly completed
and the first exploratory well
construction has started. The Hai
Thach and Moc Tinh fields output
will be delivered to shore through
the existing Nam Con Son
trunkline.
Geopetrol Vietnam
Geopetrol S.A.
11, rue Tronchet
Le Palacio Madeleine
75008 PARIS
France
Tel: +33 (0)1 70 61 76 72
Fax: +33 (0)1 40 07 57 45
Geopetrol International
4bis, rue de la Rôtisserie
BP 3290
1211 Genève 3
Suisse
Tel: +41 22 319 2680
Fax: +41 22 319 2681
Geopetrol was formed in the early
nineties - at a time when the oil
industry economy was in a down
turn - with a strong commitment
to maintain the oil and gas
production of old fields known as
"mature fields". These fields,
which were ready to be closed
due to the policies of the "majors"
to concentrate on projects more
in line with their size, were taken
over by Geopetrol and thus given
a second life. The Geopetrol
organisation has always been
adapted to the size of the
purchased Assets, which enables
the optimisation of operational
costs and the extension of the
duration of profitable exploitation.
Similar opportunities will come
into existence in many countries,
with more fields becoming mature
with time.
Geopetrol group has successfully
developed its activities in several
countries, mainly France, Vietnam
and India. Recently, by investing
in CANDAX, listed in Toronto,
Geopetrol was able to set up a
long term presence in Tunisia.
In April 2012, a Production
Sharing Agreement was signed
with the Ministry of Oil and
Minerals in Yemen for Block 80,
located in the Wadi Sar region.
Geopetrol International is
operator of the block.
In February 2012, Geopetrol
finalised a partnership agreement
with Sonoro Energy Ltd. for the
exploration and production of
heavy oil in the province of Salah
Ad Din in Iraq.
In January 2012, Geopetrol
announced the award of a
Production Sharing Contract by
the Ministry of Energy in
Myanmar for the block RSF-9 in
partnership with the local
company A-1 Construction.
Geopetrol has been elected
designated Operator.
In September 2011, a partnership
agreement was concluded with
Mitra Energy (Operator) for the
offshore block Biliton in the Java
Sea in Indonesia.
Vietnam operations
Geopetrol International holds
3.5% of Block 15-1 in the Cuu
Long Basin, offshore South-east
Vietnam.
Geopetrol
International’s partners are
Petrovietnam, Perenco, KNOC
and SK Energy. Four fields have
been discovered so far (3 oil fields
and 1 gas field).
The first oil discovery was in the
region of Su Tu Den, in August
2000, with production starting in
October 2003.
A second oil discovery in the Su
Tu Vang region was made in
October 2001. Production started
in October 2008.
This was followed by a third
discovery in November 2003 in
the region of Su Tu Trang showing
gas and condensate reservoirs.
Three appraisal wells are being
drilled on the site with production
tests to be performed. First gas
production should start in 2012.
Finally, a fourth discovery was
made in September 2005 in the
region of Su Tu Nau. It is currently
being appraised. First oil
production should start in 2014.
About 200 million barrels of oil
have been recovered from Block
15-1 until January 2011. The
average daily production of oil in
2010 was around 90,000 bopd
(for 100%).
Idemitsu Oil & Gas Vietnam
Tel: +81-3-6895-3974 (E&P)
Established in 1989, Idemitsu Oil
& Gas Co. Ltd. acts as an
operating vehicle for Idemitsu E
& P by promoting their activities
in Norway, the UK, Vietnam and
other countries in Southeast Asia.
Vietnam operations
Offshore Vietnam - Blocks 051b and 05-1c
On October 28, 2004, Idemitsu,
as an Operator, entered into a
together with Nippon Oil
Exploration Limited (now JX
Nippon Oil & Gas Exploration
Corporation) and Teikoku Oil (Con
Son) Co., Ltd. with Vietnam Oil
and Gas Group (Petrovietnam)
for the Blocks 05-1b and 05-1c
offshore Vietnam. After the official
approval from the Vietnamese
government as of November 18,
we established an operation office
in Ho Chi Minh City in January
2005 and commenced the
exploration activities.
These blocks are located 350 km
southeast of Ho Chi Minh City
and under the same basin as the
Dai Hung field and the Lan
Tay/Lan Do gas fields in highly
potential gas and oil producing
basins. A 3D seismic survey
covering 598 km 2 and a 2D
seismic survey covering
approximately 500 km, were
acquired in 2005. The first
exploratory well was drilled in
2007. An additional 2D seismic
survey covering approximately
1,800 km was acquired in 2007
and 2008. As the results of
evaluation of geological potential
based on 2D seismic data
acquired in 2007 and 2008, the
decision was made to proceeding
into Phase Two. As a result of the
second exploratory well which
was
drilled
in
2010,
accumulations of oil and gas were
confirmed. A 3D seismic survey
covering 814 km2 was acquired
in order to evaluate oil and gas
discovered structure and other
potential prospects in these
blocks. As the results of detailed
evaluation, the decision was
made to proceeding into Phase
Three.
Partners
Idemitsu Oil & Gas Co.,
Ltd.(operator): 35%
JX Nippon Oil & Gas Expl. Corp:
35%
Teikoku Oil (Con Son) Co.,
Ltd.:30%
CAMBODIA
A
M
Idemitsu Oil & Gas Co., Ltd.
1-1 Marunouchi 3-chome,
Chiyoda-ku, Tokyo 100-8321
Japan
E
VI
TN
Block 09-3
Block 05-1b
and 05-1b
Source: EKF
Japan Vietnam Petroleum Vietnam
Japan Vietnam Petroleum
Company Ltd.
Headquarters
Petro VN Towers
7th floor
8 Hoang Dieu St.
Vung Tau
Vietnam
Tel: 84-064-3385693
J a p a n V i e t n a m Pe t r o l e u m
Corporation (JVPC) is a subsidiary
of JX Nippon Oil & Gas Exploration
and operates Block 15-2 offshore
Vietnam.
Rang Dong oil field
Rang Dong oil field is located
135km south-east of Vung Tau
in block 15-2 of the Cuu Long
Basin in Vietnam. The block
covers 400,000 acres and is
proximate to the Bach and Ruby
fields.
J a p a n V i e t n a m Pe t r o l e u m
Corporation (JVPC), a subsidiary
of JX Nippon Oil & Gas
Exploration, operates the field
with a majority stake of 46.5%.
The remaining stake is held by
Perenco (36%) and PetroVietnam
(17.5%). Perenco purchased
ConocoPhillips' stake in Rang
Dong in the first quarter of 2012.
Rang Dong has been in
production for more than 13
years. In February 2011, JVPC
and co-owners of the field
announced they would conduct
a pilot test for enhanced oil
recovery (EOR) from the field. It
was claimed to be the first
offshore EOR in south-east Asia.
An agreement to conduct a 20day pilot test in June 2011 was
signed between the state owned
Japan Oil, Gas and Metals
National Corporation (JOGMEC),
PetroVietnam and JX Nippon Oil
& Gas Exploration.
The test was concluded positively
in February 2012, indicating
significant potential to ramp up
production and reduce carbon
dioxide emissions. It involved
injecting CO2 into the reservoir
well to improve production.
Sophisticated Technology to
Explore the Basement Rocks
The Rang Dong oil field and The
Phuong Dong oil field feature an
unconventional fractured granite
basement rock reservoir that is
unique in the world. NOEX's
fracture evaluation technology is
highly valued and receiving
worldwide recognition. The
company have been improving
the productivity of the field by
applying advanced technologies,
including the fracture evaluation
technology and horizontal
borehole drilling technology.
JX Nippon Oil & Gas Vietnam
JX Nippon Oil & Gas Exploration
Corporation (NOEX) is the
upstream operations arm of JX
Holdings, the parent company of
both JX Nippon Oil & Energy
Corporation (formerly Nippon Oil)
and JX Nippon Mining & Metals
Corporation (formerly Nippon
Mining). The company explores
for natural resources ranging from
crude oil to liquefied natural gas
and oil sand. NOEX has interests
in about 15 countries around the
world, with particular focus on
Malaysia, Vietnam, and the North
Sea.
Ho Chi Minh (Vietnam)
JX Nippon Oil & Gas
Exploration Corporation
Ho Chi Minh City Representative
Office
Tel: +84-(0)8-3910-6900
Fax: +84-(0)8-3910-5282
Vung Tau (Vietnam)
Japan Vietnam Petroleum
Company, Limited
Tel: +84-(0)64-3856937
Fax: +84-(0)64-3856943
Head Office (Japan)
JX Nippon Oil & Gas
Exploration Corporation
Vietnam operations
Project History
2008 September: Started
production at Phuong Dong oil
field
2008 July: Rang Dong oil field
reached the cumulative oil
production 150 million barrels
2006 February: Rang Dong oil
field associated gas recovery and
utilization project was registered
as a CDM Project under the Kyoto
Protocol (CERs were issued in
February 2008)
2005 June: Rang Dong oil field
reached the cumulative oil
production of 100 million barrels
1998 Aug: Started production at
the Rang Dong oil field
1994 June: Discovered Rang
Dong oil field in Block 15-2
1992 Oct: Acquired working
interest in Block 15-2
Tel: +81- (0)3-6275-5241
Fax: +81- (0)3-3276-1361
JX Nippon Oil & Energy Europe
Limited
4th Floor 4 Moorgate
London EC2R 6DA
U.K.
Tel: +44-(0)20-7186-0400
Fax: +44-(0)20-7186-0419
Block 16-2 location
01
Ho Chi Minh
15-1
V I E T N A M
Vung Tau
15-2
In November 2013, JX NOEX
a n n o u n c e d t h a t a 5 -ye a r
extension of the Block 15-2
(PSC) has been granted by the
Vietnamese government for
activities in the Rang Dong oilfield
within the block.
NOEX have now also acquired
Blocks 05-1b/c and Block 16-2
where they are conducting
exploration activities.
The Rang Dong oil field and The
Phuong Dong oil field feature an
unconventional fractured granite
basement rock reservoir that is
unique in the world. NOEX's
fracture evaluation technology is
highly valued and receiving
worldwide recognition. NOEX
h ave b e e n i m p r ov i n g t h e
productivity of the field by
applying advanced technologies,
including the fracture evaluation
technology and horizontal
borehole drilling technology.
Blocks 05-1 b/c,Block 16-2
In November 2007, NOEX
acquired working interest in
Southern Vietnam offshore Block
1 6 - 2 i n c o o p e ra t i o n w i t h
PetroVietnam Exploration
Production (PVEP) and
VietsovPetro (VSP), which is
jointly managed by PetroVietnam
(PV) and Russia’s state-owned
Zarubezhneft.
AURORA
SU TU DEN
RANG DONG
09
16-1
BACH HO
16-2
Since the acquisition of Block 152 in 1992, the project has been
one of NOEX's key operations.
JVPC, NOEX's subsidiary acts as
operator and has been involved
in the ongoing exploration and
development of the block, and
the production of crude oil and
natural gas.
RONG
Source: EKF
NOEX acquired working interests
in Southern Vietnam offshore
Blocks 05-1b/c in cooperation
with ldemitsu Oil & Gas and
Teikoku Oil in October 2004.
KNOC Vietnam
KNOC Vietnam Office
10th Floor, Diamond Plaza, 34 Le
Duan St., Dist. 1
Ho Chi Minh, Socialist Rep. of
Vietnam
Vung Tau Office
Rong Doi Project Vung Tau Office
#405, 4th Floor, Petro Tower
Building
No. 8 Hoang Dieu Street, Vung
Tau City
Vietnam
Korea National Oil
Corporation
57, 212nd Street, Gwanpyeongro, Dongan-gu,
Anyang-si, Gyeonggi-do, Korea,
431-711
Tel: 82-31-380-2114
Fax: 82-31-387-9321
Korea National Oil Corporation
(KNOC) is a state-owned oil
company founded in 1979 to
ensure stability in domestic oil
d e m a n d a n d s u p p l y. T h e
Company has been engaging in
exploration and production of
domestic and overseas oil
resources, oil stockpiling,
improvement of oil distribution
structure and oil information
service, and pioneering the future
of Korea’s energy industry.
Vietnam operations
Block 11-2
KNOC obtained operatorship of
this block in May 1992. The Rong
Doi(Twin Dragon) and Rong Doi
Tay(Twin Dragon West) gas fields
were discovered by KNOC in
March 1998. KNOC signed an
interim gas sales purchase
agreement with PetroVietnam in
December 2004, which was
finalised shortly thereafter and
commenced construction works
for the development of the gas
field, which was completed on
schedule in less than two years.
Korea National Oil Corporation
(KNOC) is sole operator and
carries out exploration,
development and production
activities in Block 11-2, located
320km offshore Vietnam.
KNOC holds 75% participating
interest in this block on behalf of
itself and a Korean Consortium
which consists of LG International
Corp., Daesung Industrial Com.,
Daewoo International Corp.,
Hyundai Corp., Samwhan Corp.,
and Seoul City Gas Co. Ltd.
Production Company(PVEP) also
holds 25% participating interest
in Block 11-2.
This field commenced production
on December 25, 2006. Now 7
Production Wels in the fields are
producing the average 171 million
standard cubic feet of natural gas
per day upon the buyer's gas
nomination. The recoverable
volume of this block is 770 billion
standard cubic feet and
Production will continue by 2024.
Total Reserves: 770 billion cubic
feet
Daily production: 171 million
cubic feet
Production Period: 17 years, 2007
- 2024
Block 15-1
CL JOC is a joint operating
company for the Block 15-1,
located 50km offshore Vietnam.
A Petroleum Contract was entered
into in September 1998.
Contractor Parties consist of
P r o d u c t i o n
Company(PVEP)(50%),
ConocoPhillips(Perenco)(23.25
% ) , Ko r e a n N a t i o n a l O i l
Corporation (KNOC) (14.25%),
SK Energy (9%) and Geopetrol
(3.5%).
After the first discovery of Su Tu
Den Field, CLJOC had
consecutively successful results
from Su Tu Vang(Gold Lion) in
October 2001, from Su Tu
Trang(White Lion) in November
Vietnam Assets
Block Contract
Acreage
(Km2)
Working
Interest
Operator
Production
Sept 2013
(boed)
Phase
11-2
PSC
691
39.75%
KNOC
33,089
Production
15-1
PSC
800
14.25%
CLJOC
46,000
Production
KNOC Vietnam
2003, and from Su Tu Nau(Brown
Lion) in September 2005.
In Su Tu Den Southwest field 25
production wells are now
p r o d u c i n g a n ave ra g e 1 9
thousand barrels of oil per day.
The Su Tu Den offshore facilities
consist of the Cuulong Thai Binh
FPSO, a 28 well slots wellhead
platform (WHP-A), and over
2.4km of pipelines(from WHP-A
to PLEM). The oil produced from
Su Tu Den field is processed and
stored on boarding the FPSO, a
Floating Production Storage and
Offloading vessel (FPSO). The
Thai Binh FPSO has 1 million
barrels of storage capacity. The
oil produced from Su Tu Den Field
is exported to FPSO.
In the Su Tu Vang field 10
production wells are now
producing an average 7 thousand
barrels of oil per day. The Su Tu
Vang offshore facilities consist of
the central processing
platform(CPP). The oil produced
from Su Tu Vang field is exported
from CPP (100 thousand barrels
of processing capacity per day)
to FPSO.
Also Su Tu Den Northeast field
was completed in Apr 2010 and
this field is producing average 8
thousand barrels of oil per day
now.
The new development of Su Tu
Trang field was completed in Sep
2012 and producing 45 million
cubic feet of gas and 7 thousand
barrels of condensate per day.
Su Tu Nau field will commence
production in 2014.
The estimated recoverable
volume of Su Tu Den, Su Tu Vang
, Su Tu Trang and Su Tu Nau
fields is 621 million barrels and
Production will last by 2023.
Estimated Ultamate Reserves:
621MMboe
Daily production: 66Mbbl
Production Period: 20 years,
2003~2023
Block 15-1 location
01
Ho Chi Minh
15-1
V I E T N A M
Vung Tau
15-2
AURORA
SU TU DEN
RANG DONG
09
16-1
BACH HO
16-2
Source: EKF
RONG
KrisEnergy Vietnam
Singapore's KrisEnergy has
interests in 19 licences stretching
across Bangladesh, Cambodia,
Indonesia, Thailand and Vietnam.
It has producing assets in the
Gulf of Thailand and the onshore
Bangora gas field in Bangladesh,
which together pump almost
8,000 boepd, as well as a suite
of exploration, appraisal and
development projects.
Kris Energy Ltd.
19F, Bitexco Financial Tower
No. 2, Hai Trieu St., Dist. 1, Ho
Chi Minh City
Tel: +84 8 39156009
Fax: +84 8 39156008
KrisEnergy Ltd.
83 Clemenceau Avenue, #10–05
UE Square,
Singapore 239920
Tel: +65 6838 5430
Fax: +65 6538 3622
KrisEnergy's portfolio contains
three offshore producing assets,
the Kambuna gas-condensate
field in Indonesia and the B8/32
and B9A oil and gas blocks in the
Gulf of Thailand. The other
c o n t ra c t a r e a s c o n t a i n a
combination of development
projects and exploration
prospects.
Key Personnel:
Chris Gibson-Robinson
Director Exploration & Production
Richard Lorentz
Director Business Development
James Parkin
VP Exploration
awarded 100% working interest
and operatorship of the
production sharing contract
(“PSC”) for Block 115/09.
Although relatively lightly
explored with just over 70
exploration, appraisal and
production wells drilled to date,
the Song Hong Basin contains
some
25
discoveries,
predominantly gas, with expected
ultimate reserve recoveries of
approximately 12 trillion cubic
feet of gas and 150 million barrels
of oil and condensate (IHS,
2010). The Phu Khanh Basin is
even less explored with only five
exploration wells drilled to date.
It is notable, however, that three
of the wells were non-commercial
oil or gas discoveries, indicating
the attractiveness of the region.
Vietnam operations
There are more than 60 contract
areas under licence in Vietnam,
mostly located in the southern
offshore Nam Con Son Basin.
KrisEnergy holds working interest
in two exploration licences, Block
105-110/04 covering 7,192 sq
km in shallow waters of the Song
Hong Basin offshore north-central
Vietnam, and Block 120 covering
8,469 sq km in moderate water
depths in the northern Phu Khanh
Basin, offshore central Vietnam.
In March 2014, the company was
Chris Wilson
VP Business Development
Brian Helyer
VP Operations
Geoff Bennett
Chief Geophysicist
Block 105
Block 105-110/04 covers an area
of 7,192 sq km in the central
Song Hong Basin offshore
Vietnam
where water depths range from
20 metres to 80 metres.
KrisEnergy holds a 25% nonoperated working interest in Block
105. Eni Vietnam is the operator
of Block 105 with 50% working
interest and Neon Energy holds
25%.
Beibu
Gulf
Gulf of Tonkin
VIETNAM
CHINA
Block 105
Block 120
VIETNAM
Phu Khanh Basin
Song Hong Basin
South China Sea
100 kms
Source: EKF
KrisEnergy Vietnam
Source: Oligocene to Middle
Miocene lacustrine shales and
Mio-Pliocene deltaic/marine
shales
Reservoir: Oligocene to Pliocene
deltaic, marginal marine and
turbidite fan sands
Trap: Tilted fault blocks,faulted
anticlines and turbidite fans
Seal: Oligocene to Pliocene
regional and intra-formational
shales
Block 120
Block 120 covers 8,574 sq km
offshore Vietnam in the South
China Sea overlying the Quang
Ngai Graben in the north and
central section of the
contact area passing into the Phu
Khanh Basin in the southern
portion of the block. Water depths
in the contract area range from
50 metres to 1,100 metres.
KrisEnergy holds a 25% nonoperated working interest in Block
120. Eni Vietnam is the operator
of Block 105 with 50% working
interest and Neon Energy holds
25%.
Source: Eocene to Oligocene
lacustrine shales
Reservoir: Oligocene fluvial
sands, Miocene carbonate reefs
and turbidite fan sands
Trap: Tilted fault blocks, faulted
anticlines, carbonate reefs and
turbidite fans
Seal: Oligo-Miocene intraformational shales
Block 115/09
Block 115/09 covers an area of
7,382 sq km in the southern Song
Hong Basin where water depths
range mainly between 60 metres
and 200 metres. The PSC has an
initial four-year term, with an
associated work commitment of
reprocessing 3,000 km of existing
2D seismic data, the acquisition
and processing of 850 sq km of
3D seismic data and a single
exploration well. The seismic
reprocessing will commence in
2014 and will aid in the
identification of the block’s
prospective areas over which 3D
seismic acquisition will be
undertaken.
Block 105
KrisEnergy increased its working
interest in Block 105-110/4
(“Block 105”) and took over
operatorship of the production
sharing contract following the
execution of a deed of assignment
on 9 March 2015 between Eni
Vietnam B.V. (“Eni Vietnam”) and
KrisEnergy (Song Hong 105) Ltd
(“KrisEnergy 105”) (“Deed”).
in the Gulf of Tonkin, overlying
the central Song Hong Basin
20 metres to 80 metres. A single
exploration well, Cua Lo-1, was
drilled in the contract area in
2013, which confirmed the
existence of a petroleum system
within the block.
KUFPEC Vietnam
Kuwait Foreign Petroleum
Exploration Company
Administrative Shuwaikh
Area 4, Street 102, Building No.
9
P.O. Box 5291 Safat, 13053
Kuwait
Tel: +965 1836000
Fax: +965 24951818
Key Personnel:
A. Naser Al-Fulaij
Vice President - Business
Development
Hosnia S. Hashim
Vice President - Operations
Established by its parent company
KPC, KUFPEC is an international
o i l c o m p a n y, e n g a g e d i n
exploration, development and
production of crude oil and
natural gas outside Kuwait, active
in Africa, Middle East, Asia, UK,
Norway and Australia.
KUFPEC participates in joint
ventures with similar companies
in E&P of Oil and Gas both as an
operator and partner.
Major Assets comprise of:
• Offshore and onshore
exploration leases
• Oil and Gas properties and
appraisal and development
• Oil and Gas producing
properties
The corporate structure is divided
into single corporate head office
and 6 area offices in Egypt,
Tunisia, Indonesia , Australia,
Pakistan and Norway.
Vietnam operations
Block 19 & 20 PSCs (KUFPEC:
40% in each)
The two PSCs are located in the
NamConSon Basin, offshore
Vietnam in the South China Sea
and cover an area of 9,200 km2.
Two exploration wells 19-TN-1X
and 20-MG-1X were drilled in Q3
2012. Both wells were P&A
without hydrocarbon shows. Work
program commitments have been
fulfilled and both PSC’s are
planned to be relinquished during
2013 due to low remaining
prospectively.
Block 51 PSC (KUFPEC : 35%)
The PSC located in the Malay
Basin, offshore South Vietnam
covers an area of 3,566 km2.
Exploration well 51-TC-1X
discovered gas in Q4 2012 with
high CO2 concentration; post well
analysis is under way. During
2012, 622 km2 of 3D seismic
data was acquired to evaluate
additional prospects in the Block.
Mitra Energy Vietnam
Tel: +65 6221 7814
Vietnam operations
Singapore (Registered Office)
21 Bukit Batok Crescent
#15-79, WCEGA Tower,
Singapore 658065
Block 51
Mitra operates the PSC with 35%
equity while KUFPEC also holds
35% equity. The remaining 30%
is held by Petrovietnam
Exploration Production
Corporation (PVEP). The
partnership drilled a discovery
well, 51-TC-1X, in 2012 and an
appraisal well, 51-TC-2X, in 2014.
In addition, an earlier discovery
( U Minh discovery ) was made
by a previous operator, Fina,
several years prior to the current
PSC, proximal and in a similar
setting to Mitra's Nam Du
discovery on Block 46/07.
Tel: +84 8 3823 7111
Malaysia
Suite 24.3, Level 24, Menara IMC
No. 8 Jalan Sultan Ismail, 50250
Kuala Lumpur, Malaysia
Tel: +603 2031 8830
Hanoi
MVHN/12KS
G
ul
Hainan
Island
f o
f To
nkin
LAOS
THAILAND
AM
Singapore (Registered Office)
21 Bukit Batok Crescent
#15-79, WCEGA Tower,
Singapore 658065
Mitra's current exploration
portfolio comprises approximately
more than 62,000 km² (15.4
million acres) of awarded acreage
across the Philippines, Vietnam,
Indonesia and Thailand. The
company is exposed to net
unrisked Prospective Resources
potential of 11.2 billion barrels of
oil equivalent (P10). Mitra is
drilling five exploration and
appraisal wells in 2013, plus up
to ten wells per year in 2014 and
2015, to test key plays and
prospects within that portfolio. An
ambitious programme of Business
Development seeks to capture
further high quality assets and
replenish the portfolio of
exploration drilling options.
Mitra Energy Limited
3rd Floor, Suite 301
Kumho Asiana Plaza Saigon, 39
Le Duan Street
District 1, Ho Chi Minh City,
Vietnam
CHINA
CAMBODIA
TN
Malaysia
Suite 24.3, Level 24, Menara IMC
Vietnam operations
IE
Tel: +84 8 3823 7111
Mitra Energy Limited is a privately
owned independent oil and gas
exploration company focusing on
the Asia-Pacific region. Since the
company's formation in mid-2005,
its initial focus on Indonesia, the
Philippines, Vietnam and Thailand
has resulted in the acquisition of
a number of high quality
exploration assets.
V
Mitra Energy Limited
3rd Floor, Suite 301
Kumho Asiana Plaza Saigon, 39
Le Duan Street, District 1, Ho Chi
Minh City, Vietnam
Ho Chi Minh
City
127
Gulf of
Thailand
51
45
46/07
Tel: +65 6221 7814
Contact:
Andy Butler
VP Business Development
Nguyen Quoc Viet
Commercial Manager
Ian McMahon
G&G Operations Manager
Vietnam Key Personnel
Dave Goulding, VP Technical
Rob Herries, Geological Advisor
Walter Wuertz, Geophysical
Advisor
Chan Yin-Hoe, Senior
Geophysicist
The Tho Chu discovery resource
estimate was independently
audited by Senergy (September
2014 CPR), with a Gross
Contingent Resource of 49.8
MMboe (2C) and 156.5 MMboe
(3C).
The Gross Contingent Resources
for the U Minh discovery were
14.7 MMboe (2C) and 24.0
MMboe (3C).
Five prospects in the vicinity of
the two discoveries have been
identified from 3D seismic data
interpretation. Prospect
evaluations were independently
audited by Senergy. The total
gross unrisked Prospective
Resource for the five prospects
are reported as 119 MMboe
(Pmean) to 226 MMboe (P10).
Block 46/07
Mitra holds 70% equity and
operatorship in the PSC, after
withdrawal of Talisman from the
PSC in November 2014. PVEP
holds the remaining 30% equity.
The partnership drilled two
exploration wells in 2013, the
first of which, 46/07-ND-1X (Nam
Du), was a discovery.
The Nam Du discovery was
independently audited by
Senergy (September 2014 CPR)
to have gross Contingent
Resources of 30.0 MMboe (2C)
to 49.5 MMboe (3C).
S u b s e q u e n t l y, 3 D s e i s m i c
inversion reprocessing has been
undertaken, calibrated to the
2013 wells. This new dataset has
helped high grade three prospects
in the block for which Senergy
(September 2014 CPR) reported
total gross unrisked Prospective
Resources of 29 MMboe (Pmean)
to 56 MMboe (P10).
Block 45
Mitra holds 70% equity and
operatorship in the PSC, after
withdrawal of Talisman from the
PSC in November 2014. PVEP
holds the remaining 30% equity.
The partnership drilled a subcommercial oil and gas discovery
w e l l , 4 5 -V T- 1 X , i n 2 0 1 3 .
Post-well 3D seismic inversion
reprocessing calibrated to the
well has high-graded three
prospects in the block. These
prospects were audited by
Senergy (September 2014 CPR)
who reported a total gross
unrisked Prospective Resource of
35 MMboe (Pmean) to 67 MMboe
(P10).
Block 127
Mitra operates the PSC with
100% equity. The PSC represents
Mitra's first foray into frontier
deepwater exploration in
Vietnam. Activities are focused
on the unexplored deepwater,
eastern half of the block. This is
in view of the significant
hydrocarbon potential in the area,
associated with a thick, Tertiary
age sedimentary section.
Block MVHN/12KS
Mitra operates the PSC with
100% equity. As a technical
partner, Halliburton International
Inc. contributes their global
experience in unconventional
hydrocarbon exploration and
production to the exploration
effort.
Farm-out
In August 2014, AziPac, through
its subsidiary Azimuth Vietnam,
has signed a farm-in agreement
with Mitra Energy, the operator,
for a 25% participating interest
in Block 127 PSC, offshore
Vietnam. As part of the deal,
AziPac will pay a working interest
share of the approved past costs
and carry part of Mitra's costs of
acquisition and processing of a
3D seismic survey, scheduled to
be acquired in the second half of
2014. Acquisition of the 3D
survey will complete the work
programme obligations for the
current Exploration Phase which
expires on 24 May, 2016.
Upon completion of the farm-in,
the participating interests in the
Block 127 PSC will be as follows:
Mitra Energy (Vietnam Phu
Khanh) Pte Ltd 75%; Azimuth
Vietnam Limited 25%.
3D seismic acquisition
In June 2015, Mitra Energy,
through its subsidiary operating
company Mitra Energy (Vietnam
Phu Khanh) Pte Ltd, commenced
3D seismic survey acquisition
operations in the Block 127 PSC
area, offshore Vietnam. The
survey is being undertaken by
PTSC CGGV Geophysical Survey
Co utilising the 3D seismic survey
vessel 'Amadeus'. The 3D seismic
survey is planned to cover a fullfold area of 533 sq kms and will
fulfil the PSC Exploration Phase
One extension 3D seismic survey
acquisition commitment of 500
full-fold sq kms.
Net Resources (2C, 3C and RPR)
37%
Total 2C:
69
MMboe
63%
63%
37%
Total 3C:
210
MMboe
16%
RPR(1):
770
MMboe
15%
69%
Vietnam
Philippines
Indonesia
An exploration well, 51-TC-1X
(Tho Chu Prospect) was drilled in
October 2012 to a total depth of
3,185m MD and was a significant
gas and liquids discovery.
Independent evaluation estimates
the Tho Chu field to have a net
2C Contingent Resource of 37.7
mmboe to a high estimate (3C)
Contingent Resource of 55.2
mmboe. Mitra and partners will
drill an appraisal well on the Tho
Chu field in late 2013. A 622 km²
3D survey was also undertaken
in Q3 2012 in the southeastern
part of the block, where appraisal
drilling on existing gas discoveries
is anticipated in 2014.
In 2010, Mitra (70% and operator)
and PVEP (30%) signed a PSC
with Petrovietnam for Block 46/07,
offshore Vietnam. Block 46/07
covers an area of 3,281 km² and
is located adjacent to Block 51,
on the northeast margin of the
Malay Basin. Mitra completed the
acquisition of a commitment 387
km² 3D seismic survey over the
northwest corner of the block in
2010, the interpretation of which
has yielded a prospect inventory
with a net high estimate (P10)
Prospective Resource size of 170
mmboe. The prospects lie
immediately on trend with oil and
gas discoveries and production in
neighbouring blocks 46/02 and
46-CN and as such are regarded
as relatively low risk. Two
exploration wells are scheduled
to be drilled within the block in
the second quarter of 2013. The
first well, 46/07-ND-1X, was
drilled in May 2013 and resulted
in an oil and gas discovery with
over 40 metres TVD thickness of
net pay. The second well, 46/07HC-1X, was spudded in July 2013.
In 2011, the same Mitra and PVEP
partnership signed another PSC
with Petrovietnam for Block 45.
The block covers 4,677 km² and
is situated adjacent to both Block
51 and Block 46/07. A 270 km²
3D seismic survey was acquired
ahead of PSC signing, the
evaluation of which was fast-
tracked in order to parallel the
Block 46/07 evaluation. Two key
prospects have been identified
with a combined net high
estimate (P10) Prospective
Resource size of 145 mmboe.
One of these prospects was drilled
by an exploration well, 45-VT1X, in June 2013, which was a
sub-commercial oil and gas
discovery. Mitra is now conducting
post well evaluation before
deciding on next exploration
activities.
Mitra and Talisman entered into
separate farm-out agreements
for the partial assignment of
Mitra's participating interest in
the Block 46/07 and Block 45
PSCs in December 2012. Under
the terms of the agreements,
Mitra assigned a 35%
participating interest in each PSC
to Talisman.
In 2012, Mitra signed a PSC with
Petrovietnam for Block 127,
offshore Vietnam on a 100%
equity basis. Block 127 covers
an area of over 9,000 km² and
is located at the southern end of
the Phu Khanh Basin, off the
southeast coast of Vietnam.
Water depths in the block extend
from less than 20m in the west
to over 2,000m in the east.
Mitra's activities are focused on
the unexplored deep water,
eastern half of the block. Mitra
believes there to be significant
hydrocarbon potential in this
area, associated with a thick,
Tertiary age sedimentary section.
A commitment 2D seismic survey
was completed in October 2012,
in which a total of 4,015 full fold
line km of 2D data was acquired
on behalf of Mitra by PTSC G&S
using the M/V Binh Minh 02. The
new seismic data set will allow
for better characterisation of the
basin and for the high grading of
areas for exploration drilling. The
data is currently being
interpreted. Initial evaluation
showed that the three leads
identified could contain a
combined net high estimate (P10)
Prospective Resource of up to
2,087 mmboe.
Mitra entered into a Shale Gas
PSC with Petrovietnam for Block
MVHN/12KS, onshore Vietnam in
February 2013. Mitra operates
the Shale Gas PSC with 100%
working interest, with Halliburton
International Inc. in the venture
as technical consultant. Initial
work programme consists of
seismic reprocessing, well
analyses
for
shale
characterization, basin modeling
and pilot hole preparation.
Farm-out
In August 2014, AziPac, through
its subsidiary Azimuth Vietnam,
has signed a farm-in agreement
with Mitra Energy, the operator,
for a 25% participating interest
in Block 127 PSC, offshore
Vietnam. As part of the deal,
AziPac will pay a working interest
share of the approved past costs
and carry part of Mitra's costs of
acquisition and processing of a
3D seismic survey, scheduled to
be acquired in the second half of
2014. Acquisition of the 3D
survey will complete the work
programme obligations for the
current Exploration Phase which
expires on 24 May, 2016.
Mitsui Oil Exploration Vietnam
Ho Chi Minh City Office
Unit 2&3, Level 13
Saigon Centre
65 Le Loi Boulevard
District 1
Ho Chi Minh City
Vietnam
Tel: +84-8-3821-2693/2694
Fax: +84-8-3821-2661
Mitsui Oil Exploration Co., Ltd.
Head Office
Hibiya Central Bldg.
2-9 Nishi-Shimbashi 1-chome
Minato-ku, Tokyo 105-0003,
Japan
Tel:+81-3-3502-5786
Fax:+81-3-3502-7686
Since its foundation in 1969 by
17 Mitsui group companies, Mitsui
Oil Exploration Co., Ltd. (MOECO),
backed by the combined
strengths of the Mitsui Group,
has been working for long-term
stable energy supply both for
Japan and the world through
exploration and production of oil
and gas.
Vietnam operations
Block B & 48/95 (MVP)
MVP is preparing for the
development of natural gas and
condensate from Block B & 48/95
located off southwestern Vietnam,
and plans to carry out joint
commercialization with the
adjacent Block 52/97. In July
2009, MVP and three partners
signed a basic agreement for
front end engineering and design
(FEED) with Vietnam Oil and Gas
Group (PetroVietnam).
Block B & 48/95
Contract Area
Company
Contract
Status
Project Interest
Block B & 48/95
Moeco Vietnam Petroleum Co., Ltd. (MVP)
PSC
Preparation for development
Chevron Vietnam (Block B), Ltd. 42.38% (operator)
Moeco Vietnam Petroleum Co., Ltd. 25.62%
PetroVietnam Exploration Production Corporation 23.50%
PTTEP Kim Long Vietnam Co., Ltd. 8.50%
Block 52/97
Contract Area
Company
Contract
Status
Project Interest
Block 52/97
Moeco Southwest Vietnam Petroleum Co., Ltd. (MSVP)
PSC
Preparation for development
Chevron Vietnam (Block 52), Ltd.* 43.4%
PetroVietnam Exploration Production Corporation 30.0%
Moeco Southwest Vietnam Petroleum Co., Ltd. 19.6%
PTTEP Southwest Vietnam Co., Ltd. 7.0%
Mubadala Petroleum Vietnam
Mubadala Petroleum
Unit 1707, 17th Floor
Kumho Asiana Plaza Saigon
39 Le Duan Street, District 1
Ho Chi Minh City, Vietnam
Tel: +84 8 3520 7499
Fax: +84 8 3823 3535
Mubadala Oil and Gas
PO Box 45005
Abu Dhabi
United Arab Emirates
Tel: +971 2 413 0000
Fax: +971 2 413 0001
Mubadala Petroleum
One Raffles Place
#11-61 Office Tower 2
048616
Singapore
Tel.: +65 6236 2940
Fax: +65 6557 2775
Key Personnel:
Steven Peacock
Senior Vice President, Exploration
Mussabeh Al-Kaabi
Chief Growth Officer
Mubadala Oil and Gas builds on
Abu Dhabi’s rich heritage in
hydrocarbons to pursue
opportunities that will meet the
Emirates current and future
energy demands.
Primary focus is on upstream oil
and gas opportunities. Mubadala
have been able to leverage the
e xc e l l e n t c o m m e r c i a l a n d
governmental relationships they
have established over the years,
both to facilitate the expansion
of their operations, and to build
capability in new regions including
MENA, Central and South East
Asia.
Mubadala's assets in these
regions have been complemented
by expansion into new territories,
such as the Caspian Sea. The
company are also active in R&D
in the renewable energy sector
and in developing technologies
that will facilitate the
commercialization
and
widespread adoption of
alternative energy sources.
In Southeast Asia, the company
acts as operator across an
extensive range of assets located
in Thailand, Indonesia, Malaysia
and Vietnam. In the Gulf of
Thailand, Mubadala have
developed a strong track record
of safe, efficient and cost-effective
production operations, and are
bringing forward several new
developments.
Vietnam operations
Mubadala have been involved in
a number of exciting
opportunities offshore Vietnam
since 2007. The company has
built up valuable partnerships
with Petrovietnam, Talisman, and
other industry participants.
Appraisal
Block 07/03 is located in the Nam
Con Son Basin and contains the
Ca Rong Do (CRD) oil and gas
field, which was discovered in
2009. Mubadala Petroleum holds
25 percent interest and Talisman
is operator. Appraisal well CRD3X successfully tested the
reserves potential in 2013 and
post well studies will confirm
commerciality and identify the
preferred development concept.
CRD, which at over 320 meters,
would be the deepest water
development to date in Vietnam.
Exploration
Mubadala are actively exploring
three blocks in Vietnam. The
company operates Block 04-2,
holding 90 percent interest.
Blocks 135 & 136/3 are located
adjacent to CRD offshore Vietnam
and Mubadala Petroleum acquired
a 20 percent interest in this deep
water block in May 2011.
Operator Talisman Energy
acquired 3D seismic data in 2012
and the joint venture plans to
drill the first exploration wells in
2014. Mubadala Petroleum plans
to drill between three to five
exploration prospects across
Blocks 04-2, 07/03 and 135 &
136/03 during 2014.
Murphy Oil Vietnam
Murphy Oil Corporation and
Murphy Oil USA, Inc.
200 Peach Street
El Dorado, Arkansas 71730
U.S.A.
Tel: (870) 862-6411
Murphy Eastern Oil Company
4 Beaconsfield Road
St. Albans, Hertfordshire AL1 3RH
Tel: 01-727-892-400
Murphy Sarawak Oil Company
Ltd.
Level 26, Tower 2
PETRONAS Twin Towers
Kuala Lumpur City Centre
50088 Kuala Lumpur, Malaysia
Contact:
Hans F. Schwing
Vice President Vietnam and
Southeast Asia New Opportunities
Bill H. Stobaugh
Executive Vice President,
Corporate Planning & Business
Development
Headquartered in El Dorado,
Arkansas, the company was
o r i g i n a l l y i n c o r p o ra t e d i n
Louisiana in 1950 as Murphy
Corporation.
It
was
reincorporated in Delaware in
1964, at which time it adopted
the name Murphy Oil Corporation.
But, the Company's roots go back
to a lumber and banking business
in South Arkansas and, more
directly, to 1907, when the first
oil production was established in
the Caddo Field in North
Louisiana. Thereafter, oil and gas
were important phases of the
business. Until the mid 1930's
however, oil and gas remained
subordinate to timber operations
and banking.
Today, Murphy Oil Corporation is
an international oil and gas
company that conducts business
through various operating
subsidiaries. The Company
produces oil and natural gas in
the United States, Canada, the
United Kingdom, Malaysia, and
Republic of the Congo and
conducts exploration activities
worldwide. The Company owns
marketing operations in the
United States and the United
Kingdom, including a refinery in
Milford Haven, Wales.
Vietnam operations
Murphy entered Vietnam in 2012
with the award of deepwater
Blocks 144 and 145. In 2013,
the Company were awarded
shallow water Block 11-2/11 and
farmed into Block 13-03. The
three PSCs give Murphy a balance
between higher risk deepwater
opportunities and lower risk
shallow water opportunities,
similar to the position they
acquired when entering Malaysia.
Murphy are actively evaluating
additional opportunities in the
country which they feel is
underexplored.
Assets
Block: 144 & 145
Basin: Phu Khanh
Working Interest: 65%, operated
Area: 4,420,000 gross acres
Water Depth: 1,000 to 2,500
meters
Prospective for: Oil & Gas
Date of Entry: October 2012
Block: 11–2/11
Basin: Nam Con Son
Working Interest: 60%, operated
Area: 677,000 gross acres
Water Depth: 70 to 90 meters
Prospective for: Oil & Gas
Date of Entry: June 2013
Block: 13-03
Basin: Nam Con Son
Working Interest: 20%, nonoperated
Area: 853,000 gross acres
Wa t e r D e p t h : 9 0 m e t e r s
Prospective for: Oil
Petrovietnam cooperation
with Murphy Oil
Petrovietnam and Murphy Oil
Corp signed a memorandum of
understanding (MoU) on July 8,
2015 to boost cooperation in oil
and gas projects. The MoU was
signed by Petrovietnam Chairman
Nguyen Xuan Son and the
President and CEO of Murphy Oil
Corp, Roger W. Jenkins, in the
presence of General Secretary
Nguyen Phu Trong, who is on a
visit to the United States.
In October 2015, Murphy reached
an agreement with PetroVietnam
Corporation (PVEP) and SK
Innovation Co. Ltd. (SK) to farmin to the 15-1/05 Production
Sharing Contract (PSC), in the
highly prospective, oil prone, Cuu
Long Basin, Offshore Vietnam.
Murphy will hold a 35 percent
working interest in the PSC.
Neon Energy Vietnam
Neon Energy Limited
Ground Floor
88 Colin Street
West Perth
Western Australia 6005
Tel: +61 8 94811176
Fax: +61 8 94817720
Contact:
Dave Cliff
Exploration Manager
Aru exploration block to its
portfolio, and has successfully
farmed out the two Vietnam
blocks to KrisEnergy Ltd and Eni
S.p.A. The cost of drilling two
high-impact exploration wells
in Vietnam during 2013 will be
substantially carried by Eni,
offering significant upside to
Neon at minimal cost.
Neon Energy Limited is an
Australian Stock Exchange listed
company (ASX: NEN) focused
on oil and gas exploration and
production in Southeast Asia
and California. Californian oil
production from the 100%
owned North San Ardo field
funds the Company’s overheads
and distinguishes Neon from
many of their peer companies.
In California Neon is focused on
maximising cashflow from North
San Ardo and appraising
significant hydrocarbon
resources which are proven at
its Paloma and Paris Valley
projects.
Neon was formed in 2009
through the purchase of private
company Neon Energy Pty Ltd
by Salinas Energy Limited, an
ASX listed entity. The merged
entity combined Neon’s highly
prospective Vietnamese
exploration assets with Salinas
Energy’s diverse portfolio of
Californian production, appraisal
and exploration assets. Since
that time the Company has
added the Indonesian Tanjung
Vietnam operations
Neon has been involved in
Vietnam since early 2009, when
the Company signed the Block
120 Production Sharing Contract
CHINA
Block 105-110/04
Neon Energy
Block 111/04
h
Sout
Block 112
ina
Ch
Block 113
Block 114
Block 115
Block 116
Da Nano
Block 117
Block 118
LAOS
Block 119
VIETNAM
Source: EKF
Block 120
Neon Energy
Block 121
CAMBODIA
a
Se
Neon Energy Vietnam
as 100% participating interest
holder and Operator. In early
2010 Neon signed the Block
105-110/04 Production Sharing
Contract and farmed out an
interest in both blocks to
KrisEnergy Ltd, in return for
KrisEnergy funding the 2D
seismic work commitment in the
blocks.
In June 2012 both Neon and
KrisEnergy reached agreement
with Eni Vietnam B.V., a wholly
owned subsidiary of Eni SpA, to
farmout an interest in the blocks
in return for Eni carrying Neon
and KrisEnergy through two 3D
seismic programmes and two
exploration wells. Eni will
become Operator of the joint
ventures, subject to the
approval of farmout by the
Vietnamese authorities, with
Neon retaining a 25%
participating interest in each
block.
Block 105
Block 105-110/04 ("Block 105")
is located in the central Song
Hong Basin, offshore Vietnam,
covering an area of some 7,192
Sq Km in water depths of 20 to
80 metres. Although there are
a number of significant
discoveries in the area, Block
105 has seen very little
exploration activity, with no
wells drilled to date.
Neon acquired a 90% interest
as Operator of the Block 105
Production Sharing Contract in
early 2010, and subsequently
farmed down to KrisEnergy Ltd
in order to fund the 2D seismic
work commitment. Neon and
KrisEnergy then farmed down
to Eni S.p.A. in 2012, in order
to fund a discretionary 3D
seismic programme and the
drilling of the commitment
exploration well.
The 800km2 3D programme was
completed in mid 2012 and was
designed to delineate a specific
well location for the Cua Lo gas
prospect; located on the eastern
side of the block in 80 metres
of water. The resulting high
quality 3D seismic dataset has
resulted in an improved
understanding of the potential
reservoir and hydrocarbon
distribution, leading to the
identification of additional
potential Miocene/Pliocene pay
zones. All potential pay zones
are supported by Direct
Hydrocarbon Indicators (DHIs);
seismic attributes often
associated with the presence of
hydrocarbons.
Cua Lo is located some 40 km
s o u t hw e s t o f t h e C h i n e s e
Dongfang gas fields. Both Cua
Lo and Dongfang are adjacent
to an extensive and deep
hydrocarbon source "kitchen".
The main structure at Dongfang
hosts reserves of 3.5 TCF gas
within fine grained Pliocene
clastic reservoirs that have
quality to those at Dongfang;
being coarser grained due to a
more proximal location relative
to the Miocene-Pliocene
sediment source.
Netherland Sewell & Associates
Inc. (NSAI) completed a
Prospective
Resource
Assessment of Block 105 and
confirmed gross unrisked
prospective recoverable
resources for Cua Lo of 3.9 TCF
gas (best estimate) to 13.9 TCF
gas (high estimate). NSAI’s
assessment was based upon the
2D seismic data that was
available at the time, and is
based only on two prospective
zones.
While the areal extent of the
prospect remains broadly
comparable to that assessed by
NSAI, the identification of
additional prospective zones
from the new 3D seismic volume
provides scope for the discovery
of additional volumes.
The Cua Lo-1 exploration well
was spudded on 11 August
2013.
Working interests in the block
are as follows:
Eni Vietnam BV (Operator):
50%
Neon Energy (Song Hong) Pty
Ltd: 25%
KrisEnergy (Song Hong 105)
Ltd: 25%
Block 120
Block 120 is located at the
southern end of the Song Hong
Basin, offshore Vietnam,
covering an area of 8,469 Sq
Km in water depths of 50 to
1,100 metres. The block has
seen very little exploration
activity, with only one well
drilled to date, by BHP in 1993.
The 120-CS-1X well was
drilled on the Triton Horst,
immediately east of the Quang
Ngai Graben. BHP discovered a
6 metre oil column and 32
metres of oil shows within a
carbonate reservoir, with drilling
halted for operational reasons
before the planned Total Depth
was reached. This result proves
the presence of a working
petroleum system within the
block.
Neon acquired a 100% interest
as Operator of the Block 120
Production Sharing Contract in
early 2009, and subsequently
farmed down to KrisEnergy Ltd
in order to fund the 2D seismic
work commitment. Neon and
KrisEnergy then farmed down
to Eni S.p.A. in 2012, in order
to fund a discretionary 3D
seismic programme and the
drilling of the commitment
exploration well.
The 500km2 3D programme was
completed in mid 2012 and was
designed to high-grade several
prospects to facilitate prospect
selection for drilling. The
resulting high quality 3D seismic
dataset has brought a
Neon Energy Vietnam
significantly improved
understanding of the potential
r e s e r vo i r d i s t r i b u t i o n a n d
probable hydrocarbon migration
pathways, and also helped to
identify an additional prospect.
The 3D data also reveals a
deeper Oligocene section than
previously thought (based on
the 2D seismic), thereby
opening up the possibility of a
gas system being present, in
addition to the proven oil
system.
The primary prospects are Ca
Ngu, Rua Bien and Ca Lang,
with Ca Ngu having been
selected as the target for the
first exploration well. Ca Ngu
is prospective for oil and/or gas,
and Neon estimates Prospective
Resources for the oil case as
181 MMbbls (best case) and 420
MMbbls (high case). Netherland
Sewell & Associates Inc. (NSAI)
completed a Prospective
Resource Assessment of Ca Lang
and Rua Bien in 2011,
c o n f i r m i n g g r o s s u n r i s ke d
prospective recoverable
resources respectively for an oil
case of 461 MMbbls and 611
MMbbls (best estimate), and
1,311 MMbbls and 1,724 MMbbls
(high estimate).
Working interests in the block
are as follows:
Eni Vietnam BV (Operator):
50%
Neon Energy (Song Hong) Pty
Ltd: 25%
KrisEnergy (Song Hong 105)
Ltd: 25%
ONGC Videsh Vietnam
ONGC Videsh Limited
Villa-9, Lotus Road, APSC, 36,
Thao Dien, Dt-2
Ho Chi Minh City, S R Vietnam
Tel: +84-8-35190289/37442609
Fax: +84-8-37444309
Contact:
A J Duggal
Vietnam Country Manager
Oil and Natural Gas
Corporation Ltd.
9th Floor, Jeevan Bharti, Tower
II,
124, Indira Chowk, New Delhi 110 001
Tel: 91 11 2331 4517 / 2330
1390
Fax: 91 11 2331 6413
Established on 14 August 1956,
Oil and Natural Gas Corporation
Limited (ONGC) is an Indian
state-owned oil and gas company
headquartered in Dehradun. The
Indian government currently
owns 74.14% equity stake in the
company. ONGC is one of the
largest publicly traded company
in India by market capitalization.
ONGC Videsh
OVL is the second-largest E&P
company in India both in terms
of oil production and oil and gas
reserve holdings. The primary
business of OVL is to prospect
for oil and gas acreages abroad
including acquisition of oil and
gas fields, exploration,
development, production,
transportation and export of oil
and gas. OVL is a wholly-owned
subsidiary of Oil and Natural Gas
Corporation Limited.
ONGC Videsh has activities in 16
countries including Brazil,
Colombia, Cuba, Iran, Iraq,
Azerbaijan, Kazakhstan, Libya,
Myanmar, Nigeria, Russia, South
Sudan, Sudan, Syria, Venezuela
and Vietnam.
Vietnam operations
Block 06.1
Block 06.1 is an offshore Block
located 370 km south–east of
Vung Tau on the southern
Vietnamese coast with an area
of 955 sq km. The exploration
License for Block 06.1 was
acquired by OVL in 1988. After
subsequent assignments and
transfers of PI between the
parties to Block 06.1 and Petro
Vietnam, the present holdings of
PIs with effect from 17th October
2011 are ONGC Videsh 45%, TNK
Vietnam B.V. 35% (Operator)
and Petro Vietnam 20%. Lan Tay
field in the Block has been
developed and the field started
commercial production in
January, 2003. OVL’s share of
production from the project was
2.023 BCM of gas and 0.036 MMT
of condensate during 2011-12 as
compared to 2.249 BCM of gas
and 0.038 MMT of condensate
during 2010-11. Wells Lan Do2P and Lan Do-1P have been
drilled and completed between
14th January, 2012 to 18th April,
2012.
Block 127
Block 127 was relinquished after
completing the work programme.
Blocks 102/10 and 06/10
In October 2014, ONGC Videsh
signed an agreement to pick up
to 50 per cent stake in
PetroVietnam’s two exploration
blocks in the South China Sea.
OVL will take 40 per cent stake
in Block 102/10 and 50 per cent
in 106/10 that lie outside the sea
territory claimed by China.
PetroVietnam, the national oil
company of Vietnam, will take
half of OVL’s 100 per cent stake
in Block 128 in South China Sea
which the Indian firm had earlier
planned to exit.
Origin Energy Vietnam
Origin Energy
Unit 6 & 7, 16th Floor, Vincom
Centre,
72 Le Thanh Ton St, District 1
Ho Chi Minh City
Vietnam
Key personnel:
Jenny Bauer
Exploration Manager, Vietnam
E.
[email protected]
.au
Origin Energy Ltd
Sydney - head office
Level 45, Australia Square
264 - 278 George Street
Sydney NSW 2000
Tel: (02) 8345 5000
Fax: (02) 9252 9244
Exploration & production
Coronation Drive Business Park
135 Coronation Drive
Milton Qld 4064
Tel: (07) 3858 0600
Fax: (07) 3369 7840
Origin Energy (ASX: ORG) is the
leading Australian integrated
energy company focused on gas
and oil exploration and
production, power generation and
energy retailing. A member of
the S&P/ASX 20 Index, the
company has more than 5,800
employees and is a leading
producer of gas in eastern
Australia.
south-east Asian exploration
portfolio. The company reached
agreement with respect to a
farm-in arrangement with
Salamander Energy plc, to take
interests in a portfolio of five
exploration blocks operated by
Salamander across Northeast
Thailand, Lao PDR and Vietnam.
Origin is Australia's largest energy
retailer servicing 4.3 million
electricity, natural gas and LPG
customer accounts and has the
country's largest and one of the
most flexible generation portfolios
with approximately 5,900 MW of
capacity, through either owned
generation or contracted rights.
Origin's strategic positioning and
portfolio of assets provide
flexibility, stability and significant
opportunities for growth across
the energy industry. Through
Au s t ra l i a Pa c i f i c L N G , i t s
incorporated joint venture with
ConocoPhillips and Sinopec,
Origin is developing one of
Australia's largest CSG to LNG
projects based on Australia’s
largest 2P CSG reserves base.
In July 2012, Pan Pacific
Petroleum's wholly owned
s u b s i d i a r y o f Pa n Pa c i f i c
Petroleum, Pan Pacific Petroleum
Vietnam (121) Pty Ltd
('PPPV121'), entered into an
agreement with Origin Energy to
acquire a 15% interest in the
Block 121 Production Sharing
Contract, offshore, Vietnam.
In New Zealand, Origin is the
major shareholder in Contact
Energy, the country's leading
integrated energy company,
operating geothermal, thermal
and hydro generation facilities
and servicing electricity, gas and
LPG customers across both the
North and South islands. Origin
also operates several oil and gas
projects in New Zealand and is
one of the largest holders of
petroleum exploration acreage
in the country.
Origin has a strong focus on
ensuring the sustainability of its
operations, is the largest green
energy retailer in Australia and
has significant investments in
renewable energy technologies.
In December 2009, Origin
acquired interests in a diverse
Vietnam operations
The 121-CV-1X exploartion well
was drilled in August 2013. The
well, which was targeting the
large Whale (Ca Voi) prospect,
found sandstones in the main
objective sequence prognosed as
of Oligocene age, but no
hydrocarbons were discovered.
Participating interests in Block
121 are: Origin Energy (Song
Hong) Pte. Ltd 45%, Premier Oil
Vietnam 121 Ltd 40% and Pan
Pacific Petroleum Vietnam (121)
Pty Ltd 15%.
In October 2015, the Block 121
Joint Venture parties announced
they were withdrawing from the
licence following the unsuccessful
drilling of the Whale prospect
(121-CV-1X) and the inability
over the last 12 months to secure
a farmin partner to share the
costs and risk of drilling an
additional well in the licence.
Pan Pacific Petroleum Vietnam
Pan Pacific Petroleum NL
Level 2
123 Walker Street
North Sydney NSW 2060
Tel: + 61 2 9957 2177
Fax: + 61 2 9925 0564
Pan Pacific Petroleum NL, (PPP)
is an ASX and NZX listed oil and
gas exploration and production
company participating in nonoperated interests in New Zealand
(including production from the
Tui Area Fields), Australia,
Vietnam and Timor LesteA u s t ra l i a J o i n t Pe t r o l e u m
Development Area.
PPP’s main asset comprises a
10% interest in Tui Area oil
project in the offshore Taranaki
Basin, New Zealand which
commenced oil production in July
2007.
Block 07/03 is located in the
prospective Nam Con Son Basin,
adjacent to block 12W which
contains the Chim Sao and Dua
Oil Fields (59 MMbbls oil and 16
MMboe gas), also operated by
Premier. Chim Sao development
is now on production. Gas (2 Tcf)
has been discovered by BP in the
Lan Tay and Lan Do Fields in
Block 06-1 to the north. These
gas fields have been developed
as part of the Nam Con Son Gas
Project, an integrated gas-topower project that delivers
natural gas supplies from the
offshore fields via a 370km
subsea pipeline.
Vietnam operations
Block 07/03
Location: Offshore Nam Con Son
Basin
PPP equity: 5% through wholly
owned subsidiary Pan Pacific
Petroleum (Vietnam) Pty Ltd
Operator: Premier 30%
Other partners: Vietnam
American Exploration Company,
LLC 25% (a wholly-owned
subsidiary of Pitkin Petroleum
Plc), PearlOil (Ophiolite) Ltd 25%
(a wholly owned subsidiary of
Mubadala), and PetroVietnam
Exploration and Production
Corporation 15%.
Awarded: 1999
Area: 3932 km2
Early in July 2010, PPP Vietnam
Pty Limited (PPPV), a wholly
owned subsidiary of the
Company, received the requisite
approvals to acquire a 5%
interest in the Block 07/03
Production Sharing Contract from
Premier Oil Vietnam South BV
(Premier). Under the terms of
the original farmout agreement,
PPPV agreed to acquire a 15%
equity in Block 07/03 subject to
PetroVietnam and Vietnamese
Government approvals.
PetroVietnam subsequently
exercised its right of pre-emption
to the extent of 10% of the
proposed 15% farmout interest.
The main objective in Block 07/03
is oil in Miocene sandstone
r e s e r vo i r s i n f a u l t t ra p s .
The Company participated in the
first commitment exploration well,
Cá Rong Ðo, CRD-1X , which was
completed in June 2009. The well
encountered both oil and gas pay
within multiple stacked reservoir
layers in Miocene and Oligocene
sands. Two of these reservoir
zones in the Miocene section were
tested and flowed oil at a
combined rate of 3,265.4 bbls of
oil per day plus 8.1 MMscf of gas
per day, through a 48/64” choke.
No water was produced from
either zone. It was not possible
to flow test the Oligocene sands
at that time.
The second commitment
exploration well, Cá Rong Vàng
CRV-1X, spudded in November
2009 did not encounter any
significant hydrocarbons, and the
well was plugged and abandoned
as planned. Cá Rong Vàng well
did, however, provide important
pressure data which has been
used in assessing the CRD
discovery.
The Cá Rong Ðo discovery of
2009 was further delineated in
early 2011 by the drilling of the
CRD-2X appraisal well which
evaluated the Oligocene sands
Pan Pacific Petroleum Vietnam
and
found
72m
net
condensate/gas pay, a significant
increase compared with the 17m
of net pay found in the Oligocene
section in the up dip CRD-1X well.
Two zones were tested and the
first zone tested flowed gas and
condensate at rates of 9.7
MMscf/d and 870 bopd
respectively through a 40/64”
choke. The second zone tested
flowed gas and condensate at
rates of 17 MMscf/d and 1730
bopd respectively through a
56/64” choke. CRD-2X was
subsequently sidetracked to
further evaluate the distribution
of hydrocarbons in the Miocene
and intersected 18.3m of net oil
pay in the Miocene sands. This
compares with 34.4m of net oil
pay found in the Miocene section
in the up dip CRD-1X well, and
3.8m in the down dip CRD-2X
well.
The Operator’s preliminary
estimate of the range of
potentially recoverable oil
resources in the CRD structure
(low-mid-high) is 20-40-65
MMbbls gross. However, further
work will be required to confirm
these numbers, and to assess
the potential of gas resources
which are also contained in the
structure.
The venture is in the second
e x p l o ra t i o n p e r i o d o f t h e
Production Sharing Contract and
will require the drilling of one
remaining commitment wildcat
exploration well before end
November 2013. A 20%
relinquishment was undertaken
at the end of the first exploration
period.
Joint Venture Partners
Surrender Block 121
121 are:
Pan Pacific Petroleum NL (via
subsidiaries) 15%
Origin (via subsidiaries) 45%
(operator)
Premier Oil (via subsidiaries) 40%
CHINA
Block 105-110/04
Block 111/04
h
Sout
Block 112
ina
Ch
Block 113
Block 114
Block 115
Block 116
Da Nano
Block 117
Block 118
LAOS
Block 119
VIETNAM
Block 120
Block 121
CAMBODIA
Source: EKF
a
Se
Perenco Vietnam
VIETNAM
#911, Diamond Plaza,
34 Le Duan Street, District 1
Ho Chi Minh City
Perenco
7 rue de Logelbach
75017 Paris
Tel: +33 (0)1 53 57 66 00
Fax: +33 (0)1 47 20 38 43
Perenco is an independent oil &
gas company with operations in
16 countries across the globe,
ranging from Northern Europe to
Africa and from South America
to the Middle East. Perenco is
involved in operations both
onshore and offshore and
employs more than 4,000 people
worldwide.
Vietnam operations
Perenco owns three subsidiaries
in Vietnam. The subsidiaries hold
a 23.25 percent participating
interest in Block 15-1, a 36
percent participating interest in
Block 15-2 and a 16.3 percent
participating interest in the Nam
Con Son Pipeline.
Those stakes were previously
owned by ConocoPhillips. Gross
production is around 75,000
bopd.
Located 160 miles offshore
southeast of Ho-Chi-Minh City,
Block 15-1 is in the Cuu Long
Basin. Production from its Su Tu
Den Field began in late 2003. Su
Tu Den crude oil is processed and
stored in the 1-million-barrel Cuu
Long Thai Binh FPSO vessel.
Production from the Su Tu Vang
Field began in 2008. First
production on the Su Tu Den
Northeast Field occurred in May
2010.
Block 15-2 contains the Rang
Dong Field also in the Cuu Long
Basin. Rang Dong crude oil is
stored in the MV-17 FSO, where
it is offloaded to tankers for
export.
The Nam Con Son Pipeline is
a 700-MMCFD, 244-mile
transportation system linking
natural gas supplies from the
Nam Con Son Basin to markets
in southern Vietnam. The
infrastructure consists of a 26inch diameter, 227-mile offshore
pipeline segment delivering wet
gas to the gas plant located at
Dinh Co, Ba Ria-Vung Tau
province. The gas is conditioned
to meet sales specifications and
is redelivered via a 30-inchdiameter, 17-mile onshore
pipeline segment to the Phu My
gas distribution center.
Location of Blocks 15-1 and 15-2
01
Ho Chi Minh
15-1
V I E T N A M
Vung Tau
15-2
AURORA
SU TU DEN
RANG DONG
09
16-1
BACH HO
16-2
Source: EKF
RONG
Petronas Vietnam
PC Vietnam Limited
PETRONAS Tower, Royal Center
235 Nguyen Van Cu St., Dist 1,
Ho Chi Minh City
Vietnam
Tel: 848 3830 9966
Fax: 848 3830 9988
Petroliam Nasional Berhad
(Petronas)
Tower 1, PETRONAS Twin Towers
Kuala Lumpur City Centre
50088 Kuala Lumpur, Malaysia
Tel : 603 2051 5000 / 2026 5000
Fax : 603 2026 5050 / 5055
PETRONAS is the national oil and
gas company of Malaysia and is
wholly-owned by the Government
of Malaysia. Together with its
subsidiaries and associated
companies, PETRONAS, a
FORTUNE Global 500® company,
has fully integrated oil and gas
operations in a broad spectrum
of the oil and gas value-chain.
Its business activities include (i)
the exploration, development and
production of crude oil and
natural gas in Malaysia and
overseas; (ii) the liquefaction,
sale and transportation of LNG;
(iii) the processing and
transmission of natural gas and
the sale of natural gas products;
(iv) the refining and marketing
of petroleum products; (v) the
manufacture and sale of
petrochemical products; (vi) the
trading of crude oil, petroleum
products and petrochemical
products; and (vii) shipping and
logistics relating to LNG, crude
oil and petroleum products.
Vietnam operations
In
November
2014,
SapuraKencana Petroleum signed
Sale and Purchase Agreements
(SPA) to acquire the entire
interest of Malaysia's national oil
company Petroliam Nasional
Berhad (Petronas) in three blocks
offshore southern Vietnam for
$400 million after an international
bidding process.
The three shallow water upstream
assets are Blocks 01/97 & 02/97,
Blocks 10 & 11.1 and Block 46CN, with Jan. 1 being the
economic effective date of the
transaction,
enabling
SapuraKencana to net revenues
from these blocks.
Petrovietnam Vietnam
Vietnam National Oil and Gas
Group
18 Lang Ha Street
Ba Dinh, Hanoi
Vietnam
Tel: (84-4)38252526
Fax: (84-4)38265942
Petrovietnam (PVN) is the largest
Vietnamese company. It is a State
e n t e r p r i s e s e t u p by t h e
Vietnamese Government to
conduct petroleum activities and
sign petroleum contracts with
organizations or individuals
conducting petroleum activities
in Vietnam. Its earnings account
for about twenty five per cent of
the revenue for the national
budget.
The Chairman of PVN is a
member of the Central Executive
Committee of Communist Party
of Vietnam and the General
Director (CEO) is appointed by
PVN Members’ Council with the
Prime Minister ’s approval.
Its subsidiaries cover many
upstream and downstream
activities. It has some features
that are common to many large
SOEs in Vietnam. It is based in
Hanoi, even though all the oil is
in the south of the country, and
it has branched into other
industries including construction,
real estate, transport, banking,
shipbuilding, insurance and
education.
The oil side of the business is run
by Petrovietnam Oil Corporation
(PV Oil) and the gas side by
Petrovietnam Gas Joint Stock
Company (PV Gas). PV Oil is the
sole buyer of crude oil in Vietnam.
It then sells part of it to the Dung
Quat refinery.
Other important group companies
include Petrovietnam Finance
Joint Stock Company (PVFC),
Dung Quat Oil Refinery No 1,
Petrovietnam Exploration
Production Corporation (PVEP),
Petrovietnam Drilling and Well
Services Joint Stock Company
(PV Drilling), Petrovietnam Power
Corporation (PV Power) and
Petrovietnam Technical Services
Joint Stock Corporations (PTSC).
PVN plans to develop its oil
investments outside Vietnam,
which currently include Russia,
Peru, Venezuela, Indonesia,
Malaysia, Laos, Cambodia, Cuba,
Madagascar, Iraq, Tunisia, Congo,
and Algeria.
Vietnam operations
Petrovietnam has recently signed
six new petroleum contracts of
blocks 05- 2/10 (with
PVEP/Talisman), 148-149 (with
PVEP), 135-136/03 (with
PVEP/Talisman/Pearl), 45 (with
Mitra/PVEP), 102&106/10 (with
PVEP) and 13/03 (with
Santos/PVEP), increasing the
number of effective contracts to
60.
Discovery
In October 2015, the joint
venture of Zarubezhneft and
Petrovietnam Vietsovpetro made
a commercial discovery of the
Sturgeon field offshore Socialist
Republic of Vietnam.
It has happened as a result of
the successful testing of the
exploration well CT-3X Block
09/3-12 which achieved a dry oil
free flow to surface from the
productive horizons of more than
1 800 tons per day.
The Sturgeon (Ca Tam) field was
discovered in 2014 in course of
the exploration well 2-X testing.
The field is located within the
Block 09/3-12. The oil reserves
calculation shall be made and a
design project for bringing the
field into development shall be
prepared basing on the results
of the commercial discovery.
Oil producing fields
Bach Ho (White Tiger)
Rong (Dragon)
Dai Hung(Big Bear)
Block (overlapping area between Vietnam
and Malaysia with 50% interest of Vietnam)
Rang Dong
Ruby
Block
Su Tu Den (Black Lion)
Cendor
Su Tu Vang
Song Doc
Ca Ngu Vang
Phuong Dong
Nam Rong - Doi Moi
Pearl
Topaz
Su Tu Den Dong Bac
D30
North Khoseidaien
Dana
Visovoi
Te Giac Trang
Chim Sao
Western Khoseidaien
Junin-2
Su Tu Trang
Contract Block
Operator
Year of
Production
09-1
09-1
05-1a
VSP
VSP
PVEP POC
1986
1994
1994
PM3-CAA
15-2
01&02
46-CN
15-1
PM-304 (Malaysia)
15-1
46/02
09-2
15-2
09-3
01&02
01&02
15-1
SK350 (Malaysia)
Nhenhexky (Russian
Federation)
SK350 (Malaysia)
Nhenhesky (Russian
Federation)
16-1
12W
Nhenhexky (Russian
Federation)
(Venezuela)
15-1
PM3 CAATML
JVPC
PCVL
46 CNTML
CLJOC
Petrofac
CLJOC
TSJOC
HVJOC
JVPC
VRJ/VSP
PCVL
PCVL
CLJOC
PCPP
1997
1998
1998
1999
2003
2006
2008
2008
2008
2008
2010
2010
2010
2010
2010
Rusvietpetro
PCPP
2010
2011
Rusvietpetro
HLJOC
POVO
2011
2011
2011
Rusvietpetro
2012
“PetroMacareo” 2012
CLJOC
2012
Gas producing fields
Tien Hai C (Natural gas)
Bach Ho & Rong (Associated gas)
Rang Dong (Associated gas)
Lan Tay (Natural gas)
East Bunga Kekwa – Cai Nuoc
(Natural and associated gas)
West Bunga Kekwa
(Natural and associated gas)
Bunga Raya
Bunga Seroja (Natural gas)
D14 & Song Tra Ly (Natural gas)
Rong Doi/West Rong Doi (Natural gas)
Bunga Tulip (Associated gas)
Phuong Dong (Associated gas)
Ca Ngu Vang (Associated gas)
Bunga Orkid (Natural gas)
Su Tu Den/Su Tu Vang Northeast Su Tu Den
(Associated gas)
D30 (Malaysia)
Dana (Malaysia)
Te Giac Trang (Associated gas)
Chim Sao (Associated gas)
Lan Do
Contract Block
Contractor
Year
Song Hong basin
09-1
15-2
06.1
PVEP SH
VSP
JVPC
TNK Vietnam
1981
1995
2001
2002
PM3-CAA & 46-CN
TML&TVL
2003
PM3-CAA
PM3-CAA
PM3-CAA
Song Hong basin
11-2
PM3-CAA
15-2
09-2
PM3-CAA
TML
TML
TML
PVEP SH
KNOC
TML
JVPC
HVJOC
TML
2003
2003
2003
2004
2006
2006
2008
2008
2008
15-1
SK305
SK305
16-1
12W
06-1
CLJOC
PCPP
PCPP
HLJOC
POVO
TNK Vietnam
2009
2009
2010
2011
2011
2012
Premier Oil Vietnam
Premier Oil plc
23 Lower Belgrave Street
London. SW1W 0NR England
Tel: +44 (0)20 7730 1111
Premier Oil Vietnam Offshore
BV
18/F, Kumho Asiana Plaza Saigon
No. 39 Le Duan Street, Ward Ben
Nghe, District 1
Ho Chi Minh City, S.R. Vietnam
Tel: +84 8 3910 5788
Contact:
Stephen Carney,
Principal Development Geologist
Premier Oil Vietnam Offshore BV
Nick Comrie-Smith
New Ventures Manager
Premier Oil Far East Limited
Premier Oil plc (Premier) is a
leading FTSE 250 independent
company with interests in the
North Sea, South East Asia, Africa,
Pakistan, Iraq, Brazil and the
Falkland Islands. The company’s
strategy is to add significant value
for its stakeholders through
exploration and appraisal success,
optimal asset management and
development, and astute
commercial deals.
Premier is building a rapidly
growing business. In 2005, the
company was producing around
30,000 barrels of oil equivalent
per day (boepd) and was targeting
doubling the size of the business.
The company had a 2P reserve
base of around 175 million barrels
of oil equivalent (mmboe). Today,
Premier is producing around
60,000 boepd from a reserve and
resource base in excess of 700
mmboe and is on track to achieve
its corporate goal of being a
100,000 boepd producer in the
medium term.
Location of Blocks 121 and 12W
Block
121
N
AM
CAMBODIA
VI
ET
lf
of
e
Gu
a
Ho Chi Minh
Tha
S
iland
h
ut
o
S
C
n
hi
a
Block 12W
Source: EKF
In the first half of 2014,
production averaged 64.9 kboepd
(2013: 58.6 kboepd), up 11 per
cent and ahead of guidance; new
production from Dua (Vietnam),
Kyle (UK) and the gas swap
(Indonesia).
Vietnam operations
Premier has exploration,
development and production
activities across two licences in
Vietnam. The company's
Vietnamese interests includes the
Premier-operated Chim Sao field
which Premier brought onstream
in the second half of 2012, the
Dua project, which will be
developed as subsea tie back to
Chim Sao, and Ca Rong Doh, a
future development project. In
addition, Premier continue to
explore across their existing
acreage and notable successes
include the Chim Sao North West
discovery and the successful
appraisal of CRD in 2011.
Chim Sao (53.13% operated
interest)
Premier acquired a 75% interest
in Block 12W located in the Nam
Con Son Basin from Delek Energy
Systems Limited (Delek) in 2004
,and subsequently farmed-out
part of its interest to Santos
Limited leaving a 37.5% operated
interest. In 2009, Premier
acquired Delek's remaining 25%
interest in Block 12W and
PetroVietnam subsequently
exercised its back-in-right to
acquire a 15% interest.
The area has similar geology to
the West Natuna Sea area,
approximately 300 kilometres to
the south west. Premier
announced two discoveries – Dua
and Chim Sáo – on the block in
2006. Dua was appraised following
the discovery while Chim Sáo was
successfully appraised in 2008.
A field development plan for Chim
Sáo was submitted to the
Premier Oil Vietnam
Vietnamese Government and
approved in 2008. First oil
production from Chim Sáo was
achieved in October 2011 and the
field is currently producing
25,000-30,000 bopd while gas
production is approximately 25
mmcfd. Meanwhile Dua, a subsea
tie-back to Chim Sáo, was
successfully completed in July
2013. The field is capable of
producing 8-10 kbopd gross and
will extend the production from
Block 12W and field life out to
2023.
Ca Rong Doh (30% operated
interest)
Premier exercised their option to
acquire an equity interest in Block
07/03 from Vietnam American
Exploration Inc. (VAMEX) in
December 2006. Block 07/03 is
located in the Nam Con Son Basin.
It lies on a trend of oil and gas
discoveries directly south of BP's
producing gas fields (Lan Tay and
Lan No) and immediately to the
south east of their producing Chim
Sao field.
In 2009, the CRD exploration well
(07-CRD-1X) on Block 07/03
intersected approximately 90
metres net oil and gas pay within
multiple stacked reservoir layers.
In April 2011, Premier appraised
the exploration success at CRD in
Block 07/03. Two drill stem tests
of hydrocarbon bearing sands in
the Oligocene section were
conducted. The first zone tested
flowed gas and condensate at
rates of 9.7 million mmscfd and
870 bopd respectively through a
40/64 inch choke, and the second
zone tested flowed gas and
condensate at rates of 17 mmscfd
and 1,730 bopd respectively
through a 56/64 inch choke. The
well was sidetracked to further
evaluate the distribution of
hydrocarbons in the Miocene
sands.
Production
In 2014, production from Block
12W, which contains the Chim
Sáo and Dua fields, exceeded
expectations averaging 16.9
kboepd (13.7 kbopd of oil and
15.4 mmscfd of gas) net to
Premier, up 19.9 per cent on
2013.
The Premier-operated Chim Sáo
field out-performed expectations
i n 2 0 1 4 a s t h e c o m p a ny
continued to maximise production
delivery and to improve the
reliability of the facilities. The
subsea tie-back of the Dua field
was completed successfully in
J u l y, e x t e n d i n g p l a t e a u
production and the field life of
Chim Sáo.
Surrender Block 121
Premier Global Production (W.I.)
(thousand boepd)
Indonesia
Pakistan & Mauritania
UK
Vietnam
Total
1 January –
30 April 2015
1 January 30 April 2014
13.2
10.9
16.1
20.0
60.2
14.2
14.1
20.4
17.1
65.8
121:
subsidiaries) 15%
(operator)
Premier Oil (via subsidiaries) 40%
Quad Energy Vietnam
Quad Energy S.A.
12th Floor
OSIC Building
8 Nguyen Hue Street
Dist. 1
Ho Chi Minh City,
Vietnam
Tel: 84 8 3827 4328
Fax: 84 8 3827 4327
Quad Energy S.A. engages in
offshore oil exploration and also
provides petroleum products. The
company is based in Ho Chi Minh
City, Vietnam.
Quad Energy SA is Operator of
Block MVHN-02 at Song Hong
Basin offshore Vietnam with 100%
stake. In addition, Quad Energy
SA signed a PSC with Con Son
JOC for the Block 10 & 11-1 at
Nam Con Son Basin with a 10%
stake.
Rosneft Vietnam
OAO Rosneft Oil
Company
26/1 Sofiyskaya
Embankment 1
GSP-8117997 Moscow
Russia
Tel: +7-495-777-4422
Fax: +7-495-777-4444
Oil and gas company, State oil
company Rosneft is the leader of
Russia’s petroleum industry, and
ranks among the world’s top
publicly traded oil and gas
companies. The Company is
primarily engaged in exploration
and production of hydrocarbons,
production of petroleum products
and petrochemicals, and
marketing of outputs. Rosneft
has been included in the Russian
Government’s List of Strategic
Enterprises and Organizations.
The state holds 75.16% in the
Company (through OJSC
ROSNEFTEGAZ),
while
approximately 15% of shares are
in free-float.
Vietnam operations
In June 2015, Chevron closed the
sale of its stake in exploration
blocks and a pipeline project in
Vietnam to PetroVietnam, for an
undisclosed sum. The move
represents Chevron's exit from
Vietnam's upstream oil and gas
sector, as the oil major trims its
global portfolio.
Chevron said it has sold its stake
in two production sharing
contracts in Vietnam, which
includes a 42.4% interest in Blocks
B and 48/95, and a 43.4% interest
in Block 52/97. It has also sold
its 28.7% non-operated working
interest in a pipeline project to
supply natural gas to utilities in
southern Vietnam.
PetroVietnam had said in April it
would resume work at Block B in
June, after taking over from
Chevron. It said the block is
expected to produce 13.9 million
cubic meters of gas and between
6,000 and 7,000 barrels of
condensate a day. It expected
first gas output to be brought
onshore by 2019 or 2020.
Block 06.1
Rosneft Vietnam owns 35% in
the project, acting as the project
operator; the project is being
implemented based on the
(PSC). The PSC area comprises
two gas condensate fields – Lan
Tay and Lan Do. The fields are
located 370 km from the shore
in the Nam Con Son basin, the
sea depth at the fields reaches
190 m. The initial gas reserves
at the fields are about 68 billion
cubic meters. By June 2015,
accumulated production from
Block 06.1 reached 300 million
barrels of oil equivalent (or over
46 bcm of gas).
Block 05-3/11
Rosneft Vietnam owns 100% in
the project and is the project
operator. The licensed block is
located in the region with proven
hydrocarbon potential and welldeveloped infrastructure that also
borders with the already operated
fields of Block 06.1. The current
estimate of Block 05.3/11
reserves is 40 billion cubic meters
of gas and 9 million tons of gas
condensate. 3D-seismic survey
of 1,180 sq kms and subsequent
interpretation and studies have
been completed, structures for
exploration drilling activities in
2016 were defined.
Rosneft is also an investor with
32.67% equity in the Nam Con
Son Pipeline – transporting gas
and condensate from four
offshore blocks in the Nam Con
Son basin to power complex
onshore –which creates a
potential synergy in the event of
discovery of commercial reserves
in Block 05-3/11.
In September 2015, Rosneft
Vietnam and Japan Drilling Co
(JDC) represented by its
subsidiary Hakuryu 5, Inc. signed
an agreement on provision and
operation of the marine drilling
rig HAKURYU-5, for the purposes
of drilling exploration wells within
the framework of Rosneft’s
projects in Vietnam. It is planned
to drill two wells in Blocks 06.1
and 05-3/11 in the Nam Con Son
basin offshore Vietnam in 2016.
Santos Vietnam
Hanoi
Santos Vietnam Pty Ltd
Suite 701 Level 7
39 A Ngo Quyen
Hanoi Vietnam
Tel: 84 4 2220 6000
Fax: 84 4 2220 6002
Brisbane - Head Office
Santos Ltd
Level 22 Santos Place
32 Turbot Street
Brisbane
Queensland 4000
Tel: 61 7 3838 3000
Fax: 61 7 3838 3700
Contact:
Martyn Eames
Vice President Asia-Pacific
Santos is Australia's largest
domestic gas producer, supplying
sales gas to all mainland
Australian states and territories,
ethane to Sydney, and oil and
liquids to domestic and
international customers. The
company's core business was
built on gas and oil discoveries
in the Cooper Basin,
predominantly spanning northeast South Australia and southwest Queensland. These gas
reserves are the main source of
natural gas to Australia's eastern
states. Santos is the primary
venture partner, and operator, of
natural gas processing facilities
at Moomba (in South Australia)
and Ballera (in Queensland), and
pipelines connecting those
facilities with Adelaide, Sydney,
Melbourne,
Brisbane,
Rockhampton, and Mount Isa.
The company also participates in
on and offshore oil and gas
ventures throughout Australia,
in the Timor Gap, Indonesia,
Papua New Guinea, India,
Bangladesh, Vietnam, and Kyrgyz
Republic.
Vietnam operations
Vietnam has been an important
part of Santos’ Asia strategy since
2006, when Santos entered the
Block 12W in the Nam Con Son
Basin off the country's south
coast.
Oil has been produced from the
Chim Sáo field in Block 12W since
October 2011, accounting for 6%
of Santos’ production in 2012.
Building on the success of Chim
Sao, the Dua oil project is being
developed as a tie-back to the
facilities at Chim Sáo, and is on
track for first oil in the first half
of 2014.
Santos continues to build its
Vietnam business in line with its
Asia strategy, with an active
exploration program underway
in the offshore Nam Con Son and
Phu Khanh basins.
PRODUCING ASSETS
Chim Sáo
Location: Block 12W permit, Nam
Con Son Basin.
Joint venture participants: Santos
(31.875%), Premier Oil
( 5 3 . 1 2 5 % a n d o p e ra t o r ) ,
PetroVietnam (15%).
Facility details:
The Chim Sáo project includes a
single wellhead platform and a
floating, processing, storage and
o f f l o a d i n g ( F P S O ) ve s s e l .
Hydrocarbon processing takes
place on the Lewek Emas FPSO
with the oil exported on crude
offtake tankers and the gas by
subsea pipeline into existing gas
infrastructure. The gas will be
used for power generation to
meet domestic demand.
Production:
Oil production commenced in
October 2011 and gas production
in 2012. In 2012, Santos’ share
of Chim Sáo production was 2.9
million barrels of oil and 2.1
petajoules of gas.
Dua (Santos 31.875%)
The Dua oil project is located in
Block 12W in the Nam Con Son
Basin, offshore southern Vietnam.
The project was sanctioned in
August 2012 and involves the
development of a three-well
subsea tie-back to the existing
Chim Sáo facilities.
First oil from Dua oil project
In July 2014, Santos announced
that oil production commenced
from the Dua oil project, offshore
Vietnam.
The gross production rate from
the Dua wells is estimated to
average 8,000 barrels per day
for the first 12 months of
production. Sufficient oil and gas
Santos Vietnam
handling capacity is available on
the Chim Sáo FPSO to
accommodate both Chim Sáo and
Dua at full production.
Santos has a 31.875% interest
in the Dua project, with partners
Premier Oil (operator) and
Pe t r o V i e t n a m h o l d i n g t h e
remainder.
EXPLORATION
Nam Con Son Basin
Santos has a 65% operated
interest in Block 13/03, which
contains the Hon Khoai and Hon
Sao oil prospects. Following the
acquisition of 3D seismic survey
data in 2012, Santos and its
partners are planning to drill the
Hon Khoai exploration well in
2014.
Phu Khanh Basin
Santos has a 50% operated
equity interest in Block 123 in
the Phu Khanh Basin, offshore
Vietnam, and drilled its first
exploration well in 2011, which
was a non-commercial gas
discovery. Santos and its partners
completed a 564 square kilometre
3D seismic survey in June 2012
to evaluate the remaining
prospects in Block 123, with an
exploration well planned to be
drilled in 2014.
PERMITS
Nam Con Son Basin permits
Santos interest (%)
Block 12W: 31.875
Block 13/03: 65 and operator
Phu Khanh Basin permits
Santos interest (%)
Block 123: 50 and operator
SapuraKencana Vietnam
SapuraKencana Petroleum
Berhad
Level 6, Menara SapuraKencana
Petroleum
Solaris Dutamas, 1 Jalan
Dutamas 1
50480 Kuala Lumpur
Malaysia
Tel : (6)03-6209 8000
Fax : (6)03-6209 3800
S a p u ra Ke n c a n a Pe t r o l e u m
Berhad (SapuraKencana) is a fullfledged upstream player and one
of the world’s largest integrated
oil and gas services and solutions
providers. SapuraKencana’s full
spectrum of capabilities covers
the entire value chain of
e x p l o ra t i o n , d e ve l o p m e n t ,
production, rejuvenation, and
decommissioning
and
abandonment.
With
a
multinational workforce
comprising 51 nationalities and
over
13,000
people,
comprehensive world-class assets
and project management
capabilities, the Group’s global
presence can be seen in over 20
countries including Malaysia,
China, Australia, Brazil, the United
States of America, as well as
those in Western Africa, and the
Middle East.
Vietnam operations
Acquisition
In
November
2014,
S a p u ra Ke n c a n a Pe t r o l e u m
announced it was buying state
oil firm PETRONAS' entire interest
in 3 blocks offshore southern
Vietnam for $400 million.The
transaction is Jan. 1, 2014 and
SapuraKencana is entitled to net
revenue from these blocks from
then.
Blocks being acquired are:
Petroleum Contract for Blocks
01/97 and 02/97, Cuu Long Basin
(50% interest); Production
Sharing Contract for Blocks 10 &
11.1, Nam Con Son Basin (40%);
Production Sharing Contract for
Block 46 - Cai Nuoc, Malay - Tho
Chu Basin (36.845966%).
Singapore Petroleum Vietnam
Singapore Petroleum
Company Limited
One Temasek Avenue #27-00
Millenia Tower, Singapore 039192
Tel: 65-6276 6006
Fax: 65-6275 6006
SPC E&P (China) Pte. Ltd.
17C/D, Times Plaza, Taizi Road,
Shekou, Shenzhen, China
Zip Code: 518067
Tel: 86-755-2683 0955
Fax: 86-755-2668 9490
SPC Mahakam Hilir Pte. Ltd.
Menara Global 25th Floor
Jln. Jenderal Gatot Subroto
Kav.27
Jakarta 12950, Indonesia
Tel: 62-21 5275871
Fax: 62-21 5275873
Founded in 1969, Singapore
Petroleum Company (SPC) was
established to spearhead
Singapore’s development as a
refining centre. With progressive
investments and expansion, SPC
is today a regional oil and gas
company with interest in oil and
gas exploration and production,
refining, terminalling and
distribution, marketing and
trading of crude and refined
petroleum products.
In 2000, SPC repositioned its
business to create sustainable
long-term growth.
It started upstream investments
in Exploration and Production.
Today, SPC has 7 Production
Sharing Contracts (PSCs) and
three gas pipelines in the AsiaPacific region.
Pipeline Investments
SPC holds interests in three
r e g i o n a l g a s t ra n s m i s s i o n
pipelines. The 654-kilometre West
Natuna Transportation System is
the first Singapore cross border
sub-sea gas pipeline carrying gas
from the West Natuna Sea to
Singapore. A consortium of PSC
blocks in West Natuna including
the Kakap PSC owns this pipeline.
The 468-kilometre Grissik-BatamSingapore Pipeline is the second
direct gas pipeline transmitting
gas from Indonesia to Singapore.
Gas to Singapore commenced in
2003 under a 20-year term
contract between Singapore and
Indonesia. The 536-kilometre
Grissik-Duri Pipeline is a trunk
line that transmits gas from the
Grissik gas fields to Caltex's Duri
facilities under long-term
contracts that commenced in
1998.
In Vietnam the company holds a
20% interest in bolcks 102 and
106 in the Song Hong Basin
Overview of E&P operations
Asset
Location
Acquired
Area km2
W.I.
Operator
East Kalimantan, Mahakam
Hilir PSC
Indonesia
Nov-08
222.14
60.0%
SPC
Bohai Bay, Block 04/36
China
Oct-07
225
8.91%
CNOOC
Bohai Bay, Block 05/36
China
Oct-07
225
7.82%
CNOOC
Khmer Basin, Block B
Cambodia
Aug-05
6,560
33.3%
PTTEP
Offshore East Java,
Sampang PSC
Indonesia
Jul-04
535.5
40.0%
Santos
Oyong oil field
Indonesia
Jul-04
535.5
40.0%
Santos
Oyong gas field
Indonesia
Jul-04
535.5
40.0%
Santos
Jeruk oil field
Indonesia
Jul-04
535.5
21.8%
Santos
Song Hong Basin, Blocks
102 and 106
Vietnam
Apr-04
224.54
22.86%
Petronas
West Natuna Sea, Kakap PSC
Indonesia
Jun-00
2,006
15.0%
Star Energy
Source: Singapore Petroleum
Singapore Petroleum Vietnam
SK Innovation Co., Ltd.
26 Jong-ro
Jongno-gu
Seoul
Korea
Tel: +82 2 2121 5115
Fax: +82 2 2121 7001
SK Innovation Co., Ltd. is
engaged in the exploration and
production of liquefied natural
gas and petroleum in South Korea
and internationally. It also
manufactures and sells petroleum
products, petrochemical products,
lubricants, base oils, polymers,
lithium batteries, asphalt, lithiumion battery separators, triacetyl
cellulose films, and flexible copper
clad laminates; olefins, such as
paraxylene, ethylene, and
propylene; and aromatics,
including benzene, toluene,
xylene, paraxylene, and styrene
monomer. In addition, the
company is involved in the sale
of petrochemical products,
lubricants, and base oil.
The company was formerly
known as SK Energy Co., Ltd.
and changed its name to SK
Innovation Co., Ltd. in January
2011. SK Innovation Co., Ltd.
was founded in 1962 and is
headquartered in Seoul, South
Korea.
In the fourth quarter of 2014,
the company's average daily
production increased to 77,000
Location of Block 15-1
01
Ho Chi Minh
15-1
V I E T N A M
Vung Tau
15-2
AURORA
SU TU DEN
RANG DONG
09
16-1
BACH HO
16-2
Source: EKF
RONG
barrels per day, up by 6,300
barrels per day, mainly due to
an increase of 3,100 barrels per
day from the Vietnam 15-1 block.
Vietnam Block 15-1
Located 160 miles offshore
southeast of Ho-Chi-Minh City,
Block 15-1 is in the Cuu Long
Basin. Production from its Su Tu
Den Field began in late 2003. Su
Tu Den crude oil is processed and
stored in the 1-million-barrel Cuu
Long Thai Binh FPSO vessel.
Production from the Su Tu Vang
Field began in 2008. First
production on the Su Tu Den
Northeast Field occurred in May
2010.
Su Tu Trang gas field is located
in Block 15-1 of the Cuu Long
Basin off the southern coast of
Vietnam. The offshore gas field
lies south-east of Ba Ria-Vung
Tau province at a water depth of
50m and about six kilometres
away from the existing Su Tu Den
field (Black Lion).
The Su Tu Trang gas field, also
known as the White Lion, has
been in production since 2012.
The gas field is owned and
operated by Cuu Long Joint
Operating Company (CLJOC), a
joint venture of PetroVietnam
(50%), Perenco (23.25%), Korea
National Oil Company (14.25%),
SK Corporation (nine percent)
and Geopetrol (3.5%).
Soco International Vietnam
SOCO International plc
48 Dover Street
London
W1S 4FF
United Kingdom
Tel; +44 (0)20 7747 2000
Fax: +44 (0)20 7747 2001
Contact:
Antony Maris
Chief Operating Officer
SOCO is an international oil and
gas exploration and production
company, headquartered in
London, traded on the London
Stock Exchange and a
constituent of the FTSE 250
Index. The Company has
interests in Vietnam, the
Republic of Congo (Brazzaville),
the Democratic Republic of
Congo (Kinshasa) and Angola.
SOCO holds its interests in
Vietnam, all in the Cuu Long
Basin offshore, through its 80%
owned subsidiary SOCO Vietnam
Ltd. and through its 100%
ownership of OPECO Vietnam
Limited. SOCO Vietnam Ltd.
holds a 25% working interest in
Block 9-2, which is operated by
the Hoan Vu Joint Operating
Company and holds a 28.5%
working interest in Block 16-1,
which is operated by the Hoang
Long Joint Operating Company.
OPECO Vietnam Limited holds a
2% interest in Block 16-1.
SOCO holds its interests in the
Republic of Congo (Brazzaville),
all offshore in the shallow water
Lower Congo Basin, through its
85% owned subsidiary, SOCO
Congo SA ("SOCO EPC"). SOCO
EPC holds a 29% participating
interest in the Marine XI Block
and a 29.4% participating
interest in the Marine XIV Block
and is designated operator of
the two Blocks.
Democratic Republic of Congo
(Kinshasa) though its 85%
o w n e d s u b s i d i a r y, S O C O
Exploration and Production DRC
Sprl ("SOCO E&P DRC"). SOCO
E&P DRC holds a 65%
participating interest in the
Nganzi Block, situated in the
North Congo Basin onshore
western DRC, and a 38.25%
participating interest in Block V,
in the southern Albertine Graben
onshore eastern DRC. SOCO E&P
DRC is designated operator of
both Blocks.
Angolan enclave of Cabinda
through its 80% owned
subsidiary, SOCO Cabinda
Limited, which holds a 17%
participating interest in the
Production Sharing Agreement
for the Cabinda Onshore North
Block.
Production
Production averaged 13,960
BOEPD in the first half of 2014.
Vietnam operations
SOCO holds its interests in
Vietnam, all in the Cuu Long Basin
offshore, through its whollyowned subsidiaries, SOCO
Vietnam Ltd and OPECO Vietnam
Limited. SOCO Vietnam Ltd holds
a 25% working interest in Block
9-2, which is operated by the
H o a n Vu J o i n t O p e ra t i n g
Company and holds a 28.5%
working interest in Block 16-1,
which is operated by the Hoang
OPECO Vietnam Limited holds a
2% interest in Block 16-1.
Te Giac Trang (“TGT”) Field
(30.5% interest; operated by
Hoang Long Joint Operating
Company (“HLJOC”))
SOCO announced that first oil
and gas from the H5 Wellhead
Platform ('H5-WHP') of the Te
Giac Trang ('TGT') field occurred
on 10 August 2015 following
perforation of the first of the H5
development wells. The start of
production was achieved more
one month ahead of schedule
and the H5 development project
has been completed with zero
lost time accidents.
The H5-WHP is located in the
south of the TGT field in Block
16-1 in the Cuu Long Basin, off
Soco International Vietnam
the southern coast of Vietnam,
approx. 100 kms from Vung Tau,
20 kms northwest of the Bach
Ho field and 35 kms west of the
Rang Dong field.
TGT was discovered in August
2005. The H5-WHP is TGT’s third
platform to be brought on
production. The first platform,
H1-WHP, came on stream in
August 2011, followed by the H4WHP in July 2012. Crude oil from
TGT is transported via subsea
pipeline to an FPSO where it is
processed, stored and exported
by tankers to regional oil
refineries. Gas produced from
the field is transported by pipeline
to the nearby Bach Ho facilities
for processing and onward
transportation to shore by
pipeline to supply the Vietnamese
domestic market.
TGT field production averaged
33.6 thousand barrels of oil
equivalent per day (“KBOEPD”)
for 1H 2015, 10.1 KBOEPD net
to SOCO. Production was slightly
below
the
Company’s
expectations due to drilling
delays.
Ca Ngu Vang Field (“CNV”)
(25% interest; operated by
Hoan Vu Joint Operating
Company (“HVJOC”))
CNV production for 1H 2015
averaged 1.8 KBOEPD net to the
Company’s working interest. The
HVJOC is reviewing means for
increasing production through
modifications to the process
facilities on the reception platform
at Bach Ho.
Significant discovery
In October 2013, SOCO
completed testing of the TGT10XST1 exploration well on the
H5 fault block of the Te Giac
Trang ("TGT") field. The well,
which exceeded all pre-test
expectations, flowed at
combined average maximum
production from the three zones
tested at over 27,600 barrels of
oil equivalent per day.
The final test, in the Lower
Miocene Intra Lower Bach Ho
5.2 Upper and Lower sequence,
over a perforated interval of
88.6 metres, flowed at an
average maximum rate of 5,156
barrels of oil per day (“BOPD”)
and 32.5 million standard cubic
feet of gas per day (“MMSCFD”).
Two other intervals were tested.
The first test, over a perforated
93 metres section in the
Oligocene “C”, produced at a
maximum average rate of 9,488
BOPD and 1.16 MMSCFD. The
second test, over the Miocene
Lower 5.2L sequence, tested a
47.3 metres perforated interval.
The maximum flow averaged
over this interval was 7,100
B O P D a n d 1 . 7 6 M M S C F D.
The well, located approximately
six kilometres south of the H4
Well Head Platform, in the
southern part of the TGT field
in Block 16-1 in the Cuu Long
Basin off the southern coast of
Vietnam,
encountered
approximately 250 metres of
gross pay section (approximately
119 metres of net pay) in the
Miocene and Oligocene reservoir
horizons. Approximately 100
metres of net pay were
evaluated by the three tests.
Blocks 125/126
On 29 July 2015, SOCO’s
President and Chief Executive,
Ed Story, attended a signing
ceremony in Hanoi, Vietnam to
sign a Memorandum of
Understanding among SOCO,
PetroVietnam and SOVICO
Holdings regarding potential
exploration and production on
Blocks 125-126, offshore
Vietnam.
Talisman Energy Vietnam
Talisman Vietnam Limited
29 Le Duan, Flr. 18
Saigon Tower Building
District 1
Ho Chi Minh City
Vietnam
Tel: +848 3823 8232
Fax: +848 3823 8237
Contact:
Michael Lawson
Senior Geophysicist, Talisman
Energy Vietnam
Talisman Energy Inc.
Suite 2000, 888 - 3 Street SW
Calgary, Alberta, Canada
T2P 5C5
Tel: +403 237 1234
Fax: +403 237 1902
Contact:
Dr David Beckett
Vice President, Exploration &
Geosciences - Asia-Pacific
Paul Blakeley
Executive Vice-President, AsiaPacific
Talisman Energy Inc. is a global,
diversified, upstream oil and gas
company, headquartered in
Canada. Talisman's three main
operating areas are North
America, the North Sea and
Southeast Asia. The Company
also has a portfolio of
international exploration
opportunities.
In 2012, production was 426,000
boe/d. Liquids growth in
Southeast Asia, Colombia and
the Eagle Ford, and higher gas
volumes in North America, offset
North Sea declines. At the end
of 2012, Talisman's 2P reserves
totalled 1.7 billion boe, which
equates to a reserve life index of
11 years.
Vietnam operations
Talisman holds a 60% interest in
Block 15-2/01 as a partner in the
Thang Long Joint Operating
Company (‘‘JOC’’), which
operates the Block. Block 152/01 lies in the Cuu Long Basin,
the predominant oil producing
basin in Vietnam. The Company
holds a 49% operated interest in
Blocks 133 and 134, 40% in
Blocks 135 and 136, and 40% in
Block 05-2/10 in the Nam Con
Son Basin. In 2012, Talisman
acquired a 35% interest in Blocks
45 and 46/07 adjacent to PM-3
CAA in the Malay-Tho Chu Basin.
In July 2013, Talisman acquired
a 55% operated interest in Block
07/03, including the Red Emperor
discovery, adjacent to Blocks 135
and 136. Block 46/02 was
relinquished to PetroVietnam in
November 2013.
In 2013, the HST/HSD project,
situated in Block 15-2/01, was
completed under budget and
ahead of schedule, producing on
average 8.5 mbbls/d (net) of oil
for the year. Overall, Vietnam
production averaged 10 mboe/d
in 2013, accounting for
approximately 8% of Talisman’s
total Southeast Asia production.
In 2013, three exploration wells
were drilled, and subsequently
plugged and abandoned, in Blocks
45 and 46/07. The Company also
drilled the first appraisal well and
subsequent sidetrack following
the acquisition of Block 07/03 in
July 2013. The final exploration
commitment well for the block
commenced drilling in January
2014.
Two exploration wells and seismic
studies are planned for Blocks
135 and 136 in 2014,
complementing Red Emperor
appraisal activity in Block 07/03.
Ca Rong Do field
Wood Group has been awarded
the front end engineering and
design (FEED) contract for the
subsea development of the
Talisman Energy Ca Rong Do field
offshore Vietnam; estimated to
contain around 67 million barrels
of oil equivalent.
Vietgazprom Vietnam
Vietnam National Oil and Gas
Group
18 Lang Ha Street
Ba Dinh, Hanoi
Vietnam.
Tel: (84-4)38252526
Fax: (84-4)38265942
Gazprom International
Nevskiy prospect, 58
Saint Petersburg
Russian Federation, 191011
Tel: +7 (812) 644-52-90
Fax: +7 (812) 644-52-91
In 2000, OJSC Gazprom and VNG
PetroVietnam signed a contract
on prospecting, exploration,
production and sales of
hydrocarbons in Block 112 of the
continental shelf of Vietnam. In
order to implement this contract,
a joint operating company was
established by OJSC Gazprom
a n d V N G Pe t r o V i e t n a m –
Vietgazprom, in which the
Gazprom Group is represented
by its sole specialised operator
of projects outside the Russian
Federation on exploration and
production of hydrocarbons,
Gazprom International.
The Bao Vang gas condensate
field was discovered in this Block
in 2007, and in 2009, in the
adjacent Bao Den field, the
opening of a gas field of the same
name took place.
Hanoi
Block 111
Block 112
IE
TNAM
Block 113
V
129
130
131
132
In 2008, the parties signed an
Agreement on cooperation, which
provides for the carrying out of
geological exploration work and
further development of four new
blocks offshore from the Socialist
Republic of Vietnam, and also the
creation of a joint venture,
Gazpromviet, for working in
Russia and third countries.
In October 2008, Gazprom and
PetroVietnam signed a 30-year
contract for blocks No.129, 130,
131 and 132 on the continental
shelf of Vietnam under PSA
conditions, the operator for which
is Vietgazprom. Under this
contract, 2-D seismic survey
work, electro- and gravi-magnetic
surveying, geochemical studies,
complex interpretation of data
from the studies carried out and
basin modelling have been carried
out.
Gazprom and PetroVietnam
signed a Strategic Partnership
Agreement in 2009. The parties
agreed to continue their joint
work on Vietnam's continental
shelf under previously concluded
contracts, and will also examine
further potential for work in new
licensed blocks.
In 2012, Gazprom International,
at Gazprom's request, entered
the project for exploration and
development of blocks 05-2 and
05-3, and in October 2013, a
ceremony was held to mark the
first gas obtained from the Moc
Tinh deposit.
Also, in October 2013, an
agreement was signed on the
basic principles for a joint venture
for carrying out a project on the
use of natural gas as a motor
fuel inside Vietnam. The Russian
side is represented in the JV
company
by
Gazprom
International, as well as Gazprom
Gas Engine Fuel LLC.
Zarubezhneft Vietnam
Zarubezhneft Joint Stock
Company
Building 1, 9/1/1 Armiansky
pereulok
Moscow 101990, Russian
Federation
Tel: (495) 748-65-00
Fax: (495) 748-65-05,
956-14-91
Zarubezhneft is engaged in
development and implementation
of projects for integrated
exploration and development of
offshore and onshore oil and gasbearing fields abroad,
construction of oil infrastructure
facilities, carrying out works in
the area of enhanced oil recovery,
as well as supplying equipment
and materials to oil and gas
facilities in different regions of
the world.
Zarubezhneft's most effective
project abroad is Joint Venture
“Vietsovpetro” in Vietnam,
established in 1981 on a 50-50
basis with Oil and Gas
Corporation Petrovietnam under
Inter-Governmental Agreement.
During the last 30 years JV
“Vietsovpetro” has turned into a
powerful, multifunctional and
highly-effective enterprise, which
is a leader in the sphere of
economics of Vietnam, a strategic
object that gives over 25% of
the state currency revenue.
Discovery
In October 2015, the joint
venture of Zarubezhneft and
Petrovietnam Vietsovpetro made
a commercial discovery of the
Sturgeon field offshore Socialist
Republic of Vietnam.
1 800 tons per day.
Joint Ventures Vietnam
Bach Dang POC
Bach Dang POC is an Operator
of Block 103 & 107/04 at Song
Hong Basin offshore Vietnam.
The PSC was signed on 22nd June
2007. The stakeholders of Bach
Dang POC comprise PVEP 55%
and Petronas Carigali 45%.
Con Son JOC
C o n S o n J o i n t O p e ra t i n g
Company is a joint company
between
Petrovietnam
exploration Production
Corporation (PVEP) a subsidiary
of PetroVietnam, Petronas
Calrigali Oversea Sdn Bhd (
Malaysian)( Petronas Carigali
Overseas Sdn Bhd is a subsidiary
of Petronas Gas Bhd). , Pertamina
( Indonesian ) and Quad Energy
S.A ( Canadianam), having its
business in oil & gas exploration
and production in Block 10 & 111 Offshore Vietnam at Nam Con
Son Basin.
The stakeholders of Con Son JOC
comprise:
- PVEP 40%
- PETRONAS 40%
- PERTAMINA 10%
- QUAD ENERGY SA 10%
Cuu Long JOC
Cuu Long Joint Operating
Company was established in 1998
to operate the Petroleum
Exploration & Production Activities
under the Petroleum Contract for
Block 15.1 offshore Vietnam
signed on Sep. 16, 1998.
The stakeholders of Cuu Long
JOC comprise:
- KNOC 14.25%
- SK 9%
- CONOCOPHILLIPS 23.25%
- PVEP 50%
- GEOPETROL 3.50%
With four significant discoveries
have so far been achieved: First
is Su Tu Den (Black Lion) Oil Field
in August 2001, second is Su Tu
Vang (Golden Lion) Oil Field
Discovery in October 2001, third
is Su Tu Trang (White Lion) GasCondensate Field in November
2003 and fourth is Su Tu Nau
(Brown) Lion Oil Field in August
2005; Cuu Long Joint Operating
Company is now undertaking the
production of Su Tu Den Oil Field
and Su Tu Vang Oil Fields,
appraisals of Su Tu Trang GasCondensate Field and Su Tu Nau
Oil Field.
JVPC
JVPC is an Operator of Block 152 at Cuu Long Basin offshore
Vietnam. The PSC was signed on
Oct. 07, 1992.
The stakeholders of JVPC
comprise:
- JVPC 46.5%
- CONOCCPHLLIPS 36%
- PVEP 17.5%
Since August 1998, JVPC have
been producing crude oil from
Rang Dong Field in the Block.
Lam Son JOC
Lam Son JOC, a joint venture
between
Petrovietnam
Corporation (Vietnam) and
Petronas Carigali Overseas Sdn
Company (Malaysia), has
successfully drilled and discovered
commercial oil and gas at Thang
Long structure, Block 02/97, Cuu
Long Basin, 27km of the Ruby
oil field away from Southeast,
80km of the Bach Ho oil field
away from the Northeast and 160
km Vung Tau away from the East.
Lam Son JOC is the Operator of
two Block 01/97 & 02/97 at Cuu
Long Basin offshore Vietnam. The
PSC was signed on Jan. 06, 2003.
of Lam Son The stakeholders of
Lam Son comprise: - PVEP 50%
- PCOSB 50%.
Phu Quy POC
PQ POC - Phu Quy Petroleum
Operating Exploration and
Production Company Limited, is
a subsidiary of Petrovietnam
Corporation. Phu Quy POC is an
Operator of two Blocks at Cuu
Long Basin:
Block 15-1/05 (PVEP 40%, SK
ENERGY 25%, Total E&P Vietnam
35%). PSC signed on Apr. 11,
2007.
Block 16-2 (PVEP 45%, NOEX
40%, VSP 15%). PSC signed on
Nov. 16, 2007.
Dai Hung POC
Dai Hung Petroleum Operating
Company Limited, a subsidiary
of Petrovietnam Exploration and
Production Corporation. Dai Hung
is Operator of Block 05-1A at
Nam Con Son Basin with a 100%
stake. Dai Hung Oil Field came
on Stream on October 14, 1994.
Thang Long JOC
Thang Long Joint Operating
Company is a Petroleum Joint
Venture Company, formed
between Talisman (Vietnam 152/01) Ltd of Canada with a 60%
stake and PetroVietnam
Exploration & Production
Corporation (PVEP) of Vietnam
with a 40% stake at Cuu Long
Basin Offshore Vietnam.
Service Companies Vietnam
ABB
Aker Solutions
ALS
Cal Dive International
CAMERON
DNV GL
EMAS
Esri
Expro
Fairfield Vietnam
Falck Nutec
Foster Wheeler
Fugro
Keppel Offshore Marine
Mitsubishi Heavy Industries
Nexans
ROXAR
Seatag Offshore
SGS Vietnam
Siemens Power Generation
Swagelok Company
Technip
Wärtsilä
Yokogawa
ABB
ABB is a leader in power and
automation technologies that
enable industry and utility
customers to improve
performance while lowering
environmental impact. The ABB
Group of companies operates in
around 100 countries and
employs about 145,000 people.
ABB Vietnam
Km 9 National Road 1A
Hanoi
Tel: +84 4 3861 1010
No. 1 Road TS-23
Bac Ninh
Tel: +84 241 374 8530
167 Tran Phu Street
Da Nang
Tel: +84 511 625 1717
9 Doan Van Bo Street
Ho Chi Minh City
Tel: +84 8 3943 1488
ABB Limited
Hareness Road
AB12 3LE Aberdeen
Aberdeenshire
Tel: +44 1224 579501
Aker Solutions
Aker Solutions ASA, through its
subsidiaries and affiliates ("Aker
Solutions"), is a leading global
oil services company that
provides engineering services,
technologies, product solutions
and field-life solutions for the oil
and gas industry. The Aker
Solutions group is organised in
a number of separate legal
entities. Aker Solutions is used
as the common brand/trademark
for most of these entities.
Aker Solutions' parent company
is Aker Solutions ASA. Aker
Solutions employs approximately
17 000 people in about 30
countries.
Aker Solutions is part of Aker, a
group of premier companies with
a focus on energy, maritime and
marine resource industries.
Aker Solutions (Services) Pte
Ltd.
Visit Address: Level 6, Room 618
Me Linh Point Tower, 2 Ngo Duc
Ke Street
Vietnam
Tel: +84 8 3520 2980
Fax: +84 8 3823 7840
it enjoys Top 100 status.
Headquartered in Brisbane, ALS
employs more than 13,000
people in 350 strategically-placed
f a c i l i t i e s a c r o s s f i f t y- f i v e
countries.
ALS' acquisition of Reservoir
Group underlines the firm's
ambitions to broaden its
capabilities in upstream Oil and
Gas, offering customers an
enhanced end-to-end service
whilst complementing its worldrenowned laboratory services.
Vietnam
Workshop 7C, VCP 973 April 30
Street
VungTau, Vietnam
Te l :
PTSC Supply Base
Postal Address:
65A, 30/4 Str. Building A10, 9th
Ward Road
Vung Tau, Vietnam
Te l : + 8 4 - ( 0 ) 6 4 5 9 1 6 0 7
Fa x : + 8 4 - ( 0 ) 6 4 5 9 1 6 0 7
Aker Solutions ASA
Headquarters
Snarøyveien 36, 1364 Fornebu
NO-1325 Lysaker, Norway
Tel: +47-67-51-30-00
Fax: +47-67-51-30-10
Aker Business Services Ltd
(Aberdeen)
Howe Moss Avenue, Kirkhill
Industrial Estate
Dyce, Aberdeen AB21 0GP
United Kingdom
Tel: +44 (0) 122 441 4515
ALS
ALS is a global market-leading
analytical laboratory and technical
services provider. The company
dates back to 1863 and today is
publicly traded on ASX, the
Australian stock exchange, where
84-(0)-64-362-3935
ALS Oil & Gas
1 Albyn Terrace, Aberdeen
AB10 1YP, UK
Tel: +44(0)1224 628 970
Fax: +44(0)1224 628 989
Cal Dive
International
Cal Dive International, Inc.,
headquartered in Houston, Texas,
is a marine contractor that
provides an integrated offshore
construction solution to its
customers, including manned
diving, pipelay and pipe burial,
platform installation and platform
salvage services to the offshore
oil and natural gas industry on
t h e G u l f o f M e x i c o O C S,
Northeastern U.S., Latin America,
Southeast Asia, China, Australia,
the Middle East and the
Mediterranean, with a fleet of 29
vessels, including 19 surface and
saturation diving support vessels
and 10 construction barges.
Cal Dive International
PetroVietnam Towers 2nd Floor
Suite No.240
8 Hoang Dieu Street, Ward 1,
Vung Tau City
Ba Ria Province, Vietnam
Tel: +84.64.511770
Fax: +84.64.511771
Cal Dive International, Inc.
Corporate Office
2500 CityWest Blvd. Suite 2200
Houston, TX 77042-3097
Tel: 713.361.2600
Fax: 713.361.2690
CAMERON
CAMERON is a leading provider
of flow equipment products,
systems and services to
worldwide oil, gas and process
industries.
Products include wellheads,
christmas trees, controls, chokes,
blowout preventers and
assembled systems employed in
a wide variety of operating
environments - basic onshore
fields, highly complex onshore
and offshore environments,
deepwater subsea applications
and ultra-high temperature
geothermal operations.
CAMERON work with drilling
contractors, oil & gas producers,
pipeline operators, refiners and
other process owners to control,
direct, adjust, process, meaasure
and compress pressures and
flows.
Cameron - Corporate Office
1333 West Loop South
Suite 1700
Houston, TX 77027
Tel: 713.513.3300
DNV GL
As of 12 September 2013, DNV
and GL merged to form DNV GL.
The company now form the
world’s largest ship and offshore
classification society, the leading
technical advisor to the global oil
and gas industry, and a leading
expert for the energy value chain
including renewables and energy
efficiency. DNV GL have also
taken a position as one of the
top three certification bodies in
the world.
Office address:
Villa Veritas, 4 Le Quy Don Street
Vung Tau
Postal address:
Villa Veritas, 4 Le Quy Don Street
Vung Tau
Viet Nam
Te l : + 8 4 6 4 3 8 5 7 1 4 0 / 2
DNV GL
Office address:
Veritasveien 1
Høvik
Norway
Postal address:
P.O.Box 300
1322 Høvik
Norway
Tel: +47 6757 9900
Viet-tech Process Technology
101A Nguyen Khuyen Street
Hanoi, Vietnam
EMAS
Tel: 84-4-942-2957
Founded in 1992, EMAS - a
leading global offshore contractor
providing construction, marine,
production and well intervention
services - is the operating brand
for Ezra Holdings Limited. Adept
in delivering best-value solutions,
EMAS has entrenched itself as
an emerging adjunct in the oil
and gas (O&G) industry by
combining its customised
approach with a diverse offering
of assets and services designed
to fully meet clients’ needs. It
operates globally with offices in
16 locations across five continents
spanning Africa, the Americas,
the Asia-Pacific and Europe.
Having completed the acquisition
of Aker Marine Contractors AS in
2011, the Group has added one
of the world’s leading SURF
(subsea umbilicals, risers &
flowlines) and floater installation
providers to its fold. Ezra, through
EMAS, operates four main
business segments that together
have the ability to execute a full
spectrum of seabed-to-surface
engineering, construction, marine
and production services
throughout the world.
Vietnam
99 Quarter 3, Thanh My Loi Ward,
Dist 2
India
Corporate Headquarters
15 Hoe Chiang Road #28-01
Tower Fifteen, Singapore 089316
Tel: (65) 6349 8535
Fax: (65) 6345 0139
Esri
Esri inspires and enables people
to positively impact the future
through a deeper, geographic
understanding of the changing
world around them.
Esri has 2,900 employees, 10
regional offices in the US, and
more than 80 distributors outside
the US.
Esri Vietnam Company
Limited
32 To Ngoc Van Street
Quang An, Tay Ho, Ha Noi,
Vietnam
Tel: (84) 4 6258 1896
Esri
Headquarters
380 New York Street
Redlands, CA 92373-8100
U.S.A.
Tel: 909-793-2853
Esri (UK) Ltd.
Millennium House
65 Walton Street
Aylesbury HP21 7QG
United Kingdom
Tel: 44 1296 745 500
Expro
Expro International Group's
business is well flow
management. Expro is a leading
international provider of services
and products that measure,
improve, control and process flow
from high-value oil and gas wells.
Through its global and regional
operations, Expro offers
customers the expertise and
reliability borne of years of
experience in the industry.
Products, services and technology
are offered to customers through
five marketing segments: Well
Testing & Commissioning,
Production Systems, Wireline
Intervention, Drilling Choke
Systems and Connectors &
Measurements.
Expro has grown rapidly in recent
years, both organically and
through strategic acquisitions, to
become a leading player in the
global market place. Expro
employs more than 4,500 people
in 50 countries through a regional
operational structure. Expro is
supported by product centres in
Europe and North America and
a corporate office in the UK.
Expro
c/o PTSC Supply Base
65A Road 30/4
Vung Tau City
S.R. of Vietnam
Tel: +84 64 383 4188
Expro International Group
PLC
Reading Bridge House
Reading Bridge
Reading
Berkshire RG1 8PR
Tel: 01189 591341
Fax: 01189 589000
Aberdeen
Lion House, Dyce Avenue
Dyce, Aberdeen
AB21 0LQ
Tel: +44 1224 225700
Fairfield Vietnam
Fairfield Vietnam provides
advanced seismic data processing
and interpretation services to the
Vietnam Oil and Gas Community
and to the S. E. Asia marketplace.
2D and 3D PSTM and PSDM as
well as other innovative and state
of the art technology have made
major contributions to
hydrocarbon exploration in
offshore Vietnam.
Fairfield Vietnam Ltd.
Broadway E, No 2 Bertrand
Russell Street,
Phu My Hung Area, Dist 7
Hochiminh City
Vietnam
Tel: 84-8-4135206
Fax: 84-8-4135207
E: [email protected]
Falck Nutec
Falck Nutec, a world leader in
Health, Safety, Survival training
and consultancy services has
been servicing the oil and gas,
shipping, renewable energy,
military and aviation industries
worldwide for over 3 decades.
Falck Nutec is a division of Falck
- a Nordic based organization
which has been preventing
accidents, disease and providing
assistance in emergency
situations for over a century.
Falck Nutec Vietnam
Dong Xuyen IP, No. 11 street
Industrial Park, Rach Dua Ward
Vung Tau City
Vietnam
Tel: +84 64 3616 080
Fax: +86 64 3616 082
Falck Nutec Global Sales
Uglviggaardsvej 3
6705 Esbjerg Ø
Denmark
Tel: +45 76 12 13 14
Fax: +45 76 12 13 13
Foster Wheeler
Foster Wheeler AG is a global
engineering and construction
company and power equipment
supplier delivering technically
advanced, reliable facilities and
equipment. The company
employs approximately 12,000
talented professionals with
specialized expertise dedicated
to serving its clients through one
of its two primary business
groups. The company’s Global
Engineering and Construction
Group designs and constructs
leading-edge processing facilities
for the upstream oil and gas, LNG
and gas-to-liquids, refining,
chemicals and petrochemicals,
power, mining and metals,
environmental, pharmaceuticals,
biotechnology and healthcare
industries. The company’s Global
Power Group is a world leader in
combustion and steam generation
technology that designs,
manufactures and erects steam
generating and auxiliary
equipment for power stations and
industrial facilities and also
provides a wide range of
aftermarket services. The
company is based in Zug,
Switzerland, and its operational
headquarters office is in Geneva,
Switzerland.
The company's Global Power
Group office in Hanoi, part of
Power Group Asia (FWPGA),
supports new business
developments in Vietnam and
other Southeast Asian countries,
such as Myanmar, Laos and
Thailand. This office also provides
aftermarket services and project
execution assistance to Foster
Wheeler projects in Vietnam.
Global E&C Group & Global
Power Group
Suite 706-708, 7th Floor
Central Building, 31 Hai Ba Trung
St. Hanoi
Tel: +84-4-39393809
Principal Executive Offices
Foster Wheeler AG
80 Rue de Lausanne
1202 Geneva, Switzerland
Tel: +41-22-741-8000
Fugro
Fugro provides the people,
equipment, expertise and
technology that support the
e x p l o ra t i o n , d e ve l o p m e n t ,
production and transportation of
the world’s natural resources.
Fugro also provides its clients
with the technical data and
information required to design,
construct and maintain structures
and infrastructure in a safe,
reliable and efficient manner.
Services that are provided locally,
are supported by a global
knowledge base and resource
pool of experienced personnel.
The services are often offered in
combination in order to achieve
the optimum results for the
clients.
Fugro-Jason
Fugro-Jason delivers innovative
software products and services
to help clients identify and
produce hydrocarbon deposits by
integrating information from the
various geoscience disciplines.
Fugro-Jason software applications
make it possible to integrate
geological, geophysical,
geostatistical, petrophysical and
rock physics information into a
single consistent model of the
earth.
Fugro Geotechnics Vietnam
LLC
Ho Chi Minh City, Viet Nam
31 Street 0, My Giang II, Phy My
Hung, Tan Phong Ward
District 7, Ho Chi Minh City
Tel: +84 8 5413 8228
Fugro
Head Office
Veurse Achterweg 10
2264 SG
Leidschendam
The Netherlands
Tel: +31 (0)70 311 1422
Keppel Offshore
Marine
Keppel Offshore Marine is a global
leader in mobile offshore rigs,
ship repair, ship conversions and
specialized shipbuilding.
Integrating the experience and
expertise of its 17 yards
worldwide, the Group aims to be
a provider of choice and a partner
in solutions for the offshore and
marine industry.
Keppel FELS Representative
Office
PetroVietnam Towers, Suite 150M
08 Hoang Dieu Street
Ward 1, Vungtau
Vietnam
Tel: 84-64-850098
Fax: 84-64-850089
Mitsubishi Heavy
Industries
Mitsubishi Heavy Industries, Ltd.
provides a full range of services
in the power generation field,
including development, design,
construction and after-sales
services.
Ho Chi Minh Representative
office
Unit-E, 4th Floor, OSIC Building,
No.8
Nguyen Hue Street, District 1
Ho Chi Minh City
Vietnam
Tel: 84-8-8243279
Fax: 84-8-8242874
Mitsubishi Heavy Industries,
Ltd.
3-1, Minatomirai 3-Chome
Nishi-ku, Yokohama Japan
Tel: 81-45-224-9545
Fax: 81-45-223-1725
Nexans
Nexans is the worldwide leader
in the cable industry. The Group
is present at every level of oil
and gas production, providing a
wide range of energy and telecom
cables for onshore and offshore
a n d o f f s h o r e e x p l o ra t i o n ,
production and distribution, as
well as for refinery and
petrochemical infrastructure.
Vietnam Office:
104 Dao Duy Anh Street
Ward 9, Phu Nhuan District
HCMC
Vietnam
Tel: 84-903 205 205
Nexans
20 Harbour Drive
PSA Vista #07-03
Singapore
Tel: 65-63170101
Fax: 65-63170103
ROXAR
ROXAR is an international
technology and services provider,
dedicated to developing effective
solutions to reservoir
management problems for
companies of all sizes across the
world. Roxar is the industry leader
in 3-D reservoir characterization
and integrated simulation
software, permanent downhole
sensors and direct multiphase
and wetgas flow meters. The
Company has a strong portfolio
of proven products and is
committed to the continuous
development of innovative
products for enhanced reservoir
understanding and measurement,
monitoring and control products
for topside subsea and downhole
applications.
ROXAR
Suite 3B – 08A, Saigon Trade
Center
37 Ton Duc Thang Str, Dist 1,
HCMC Vietnam
Tel: (+84-8) 910-5974
Fax: (+84-8) 910-5975
Seatag Offshore OSTC
Tel: 84-8-9351920
Fax: 84-8-9351921
Providing international standard
training courses in Health, Safety
and Emergency Response for the
offshore and onshore
Petrochemical, Construction and
Marine Industries. Courses
include; Firefighting, First Aid,
Helicopter operations (HUET, HLO,
Refueling and Crash Rescue),
Crane Operator (onshore and
offshore), Rigging and Slinging,
MEM, Safety Officer, and many
more.
Siemens AG,
Power Generaton
Vietnam Office:
Seatag Offshore – Ostc
Lane 1, Dong Xuyen Industrial
Park,
Ward. 10, Vung Tau
Vietnam
Tel: 84-64-551098/612099
Fax: 84-64-612699
SGS Vietnam Ltd
SGS is the world’s leading
inspection, verification, testing
and certification company. SGS
is recognized as the global
benchmark for quality and
integrity. With 43,000 employees,
SGS operates a network of over
1,000 offices and laboratories
around the world.
In Vietnam since 1989, SGS
operates across the following
sectors:
1. Agriculture
2. Consumer Products including
Foodstuffs
3. Oil, Gas and Chemical
4. Governments and International
Institutions
5. Certification Services - ISO
9000, ISO 14000 and SA 8000
6. Minerals
7. Industrial Projects.
SGS Vietnam Ltd
141 Ly Chinh Thang St. Dist 3.
Siemens Power Generation is one
of the world's leading specialists
in planning, construction and
upgrades of power plants;
development, production and
supply of components and
systems, comprehensive plant
services, I&C solutions and
energy management systems;
fuel cells, turbines, compressors
and full-scope solutions for
industrial plants, in particular for
the oil & gas business; wind
energy systems and Integrated
Gasification Combined Cycle
applications.
Siemens AG Representation
Vietnam
2nd Floor, The Landmark Bldg
5B Ton Duc Thang, D1
Tel: 84-8-8251900
Fax: 84-8-8251580
Siemens
AG,
Power
Generaton
Freyeslebenstrasse 1,
91058 Erlangen, Germany
Tel: 49-9131-18-0
Fax: 49-9131-18-3815
Swagelok
Company
Swagelok Company is a major
developer and manufacturer of
fluid system component
technologies for a wide variety
of industries, including chemical
and petrochemical, oil and gas,
sanitary, power generation, and
semiconductor.
Swagelok products are delivered
to end customers through a
global network of over 200
independent sales and service
centers.
Vietnam Office:
Minh Tam Trading Service
Construction Enterprise
No.25, Road 9, Binh Thoi Quarter,
Ward 8
District 11
Ho Chi Minh City
Vietnam
Tel: 84-8-9627147-08
Fax: 84-8-9627147
Swagelok Company
31500 Aurora Rd, Solon, Ohio,
U.S.A
Tel: 1-400-349-5934
Fax: 1-400-349-5843
Technip
Technip is a world leader in
project management, engineering
and construction for the energy
industry.
From the deepest Subsea oil &
gas developments to the largest
and most complex Offshore and
Onshore infrastructures, the
company's workforce of around
25,000 people offer solutions and
innovative technologies to meet
the world’s energy challenges.
Present in 48 countries, Technip
has state-of-the-art industrial
assets on all continents and
operates a fleet of specialized
vessels for pipeline installation
and subsea construction.
Technip Vietnam Co. Ltd
Unit #305, 3rd Floor Centec
Tower,
72-74 Nguyen Thi Minh Khai
Street,
Ward 6, District 3
Ho Chi Minh City
Vietnam
Technip HQ
CS 51650
89 avenue de la Grande Armée
75773 Paris Cedex 16
France
Yokogawa Vietnam Company
Ltd.
Level 1 & 4, Viet Hai Bldg
Lot C2-H Duy Tan, Dich Vong Hau
Ward
Cau Giay Dist., Hanoi, Vietnam
Tel: +33 (0)1 47 78 24 00
Tel: (84-4) 3 763 5115 / 3 763
7440
Wärtsilä
Wärtsilä is a global leader in
complete lifecycle power solutions
for the marine and energy
markets. By emphasising
technological innovation and total
efficiency, Wärtsilä maximises
the environmental and economic
performance of the vessels and
power plants of its customers.
Saigon Trade Center, Unit 702B,
7th Floor
37 Ton Duc Thang Street, Ben
Nghe Ward
Vietnam
Tel +84 8 3911 5496 /97
Wärtsilä Corporation
John Stenbergin ranta 2
FI-00530 Helsinki, Finland
Post Address
P.O. Box 196, FI-00531 Helsinki,
Finland
Tel: +358 10 709 0000
Yokogawa
Founded in 1915, Yokogawa
Electric Corporation (Yokogawadenki-kabushikigaisha) is a
Japanese electrical engineering
and software company, with
businesses based on its
technologies in measurement,
control, and information. It has
a workforce of over 19,000 in its
80 companies worldwide,
operating in 33 countries.
World Headquarters
Yokogawa-denkikabushikigaisha
9-32, Nakacho 2-chome
Musashino-shi
Tokyo 180-8750
Japan
Yokogawa United Kingdom
Ltd.
Stuart Road
Manor Park
Runcorn
Cheshire WA7 1TR
United Kingdom
Te l :
(44)-1-928-597-100
News Review Vietnam
Murphy Farms in to 151/05 PSC, offshore
Vietnam
Zarubezhneft
announces commercial
discovery in Vietnam
October 2015
October 2015
Murphy reached an agreement
with PetroVietnam Exploration
Production Corporation (PVEP)
and SK Innovation Co. Ltd. (SK)
to farm-in to the 15-1/05
(PSC), in the highly prospective,
oil prone, Cuu Long Basin,
Offshore Vietnam. Murphy will
hold a 35 percent working interest
in the PSC. Oil discoveries
previously made in the PSC are
currently under appraisal and
PVEP, as the operator, recently
completed the successful drilling
and testing of well LDV-4X in two
zones and is currently
incorporating these well results
into the resource assessment of
the block.
JV Vietsovpetro has made a
commercial discovery of the
Sturgeon field offshore Vietnam
Surrender Block 121
October 2015
The Block 121 Joint Venture
parties are withdrawing from the
121 are:
subsidiaries) 15%
(operator)
Premier Oil (via subsidiaries)
40%
The joint venture of Zarubezhneft
and Petrovietnam Vietsovpetro
has made a commercial discovery
of the Sturgeon field offshore
Socialist Republic of Vietnam.
1 800 tons per day.
Rosneft and Japan
Drilling Co sign
agreement for
exploration campaign
September 2015
Rosneft Vietnam and Japan
Drilling Co (JDC) represented by
its subsidiary Hakuryu 5, Inc.
have signed an agreement on
provision and operation of the
marine drilling rig HAKURYU-5,
for the purposes of drilling
exploration wells within the
framework of Rosneft’s projects
in Vietnam. It is planned to drill
two wells in Blocks 06.1 and 053/11 in the Nam Con Son basin
offshore Vietnam in 2016.
Consistent implementation of
drilling works at both blocks will
ensure synergy between the two
projects and help reduce the
timelines for implementation of
the works, thus maximizing the
efficiency of exploration activities
at the Company’s Vietnamese
assets.
Background
Block 06.1: Rosneft Vietnam
owns 35% in the project, acting
as the project operator; the
project is being implemented
based on the Production Sharing
Contract (PSC). The PSC area
comprises two gas condensate
fields – Lan Tay and Lan Do. The
fields are located 370 km from
the shore in the Nam Con Son
basin, the sea depth at the fields
reaches 190 m. The initial gas
reserves at the fields are about
68 billion cubic meters. By June
2015, accumulated production
from Block 06.1 reached 300
million barrels of oil equivalent
(or over 46 bcm of gas).
Block 05-3/11: Rosneft Vietnam
owns 100% in the project and is
the project operator. The licensed
block is located in the region with
proven hydrocarbon potential and
well-developed infrastructure that
also borders with the already
operated fields of Block 06.1. The
current estimate of Block 05.3/11
reserves is 40 billion cubic meters
of gas and 9 million tons of gas
condensate. 3D-seismic survey
of 1,180 sq kms and subsequent
interpretation and studies have
been completed, structures for
exploration drilling activities in
2016 were defined.
Rosneft is also an investor with
32.67% equity in the Nam Con
Son Pipeline – transporting gas
and condensate from four
offshore blocks in the Nam Con
Son basin to power complex
onshore –which creates a
potential synergy in the event of
discovery of commercial reserves
in Block 05-3/11.
News Review Vietnam
China oil rig to keep
drilling in waters
disputed with Vietnam
August 2015
A Chinese oil rig at the centre of
last year's standoff between
China and Vietnam will continue
drilling not far from Vietnam's
coast, China's maritime safety
authorities said on Tuesday.
The deployment of the $1 billion
deepwater rig last year about
120 nautical miles off Vietnam's
coast, in what Vietnam considers
its exclusive economic zone
(EEZ), led to the worst
breakdown in relations since a
brief border war in 1979. China
said at the time the rig was
operating completely within its
waters.
The rig, called the Haiyang Shiyou
981, was removed last July, but
returned to the area in June of
this year to explore for oil and
gas. A notice from China's
Maritime Safety Administration
said at the time that the rig would
carry out 'ocean drilling
operations' until August 20.
Vietnam's people remain
embittered over a perceived
history of Chinese bullying and
territorial claims in the South
China Sea. China has been
increasingly assertive in the South
China Sea, condemning an
arbitration case initiated by the
Philippines and reclaiming land
on islands and reefs under its
control. Last week a new U.S.
Pentagon report said China has
reclaimed more land in the
disputed Spratly Islands than
previously known.
Source: Reuters
Wood Group awarded
FEED contract for
Talisman's Ca Rong Do
field offshore Vietnam
August 2015
Wood Group has been awarded
the front end engineering and
design (FEED) contract for the
subsea development of the
Talisman Energy Ca Rong Do field
offshore Vietnam; estimated to
contain around 67 million barrels
of oil equivalent.
Wood Group Kenny (WGK) will
carry out comprehensive flow
assurance studies and full FEED
engineering of the subsea system
and structures, risers, flowlines,
and power and control umbilicals.
The work on the subsea FEED
will be carried out from WGK’s
Ku a l a L u m p u r o f f i c e a n d
supported by other WGK Asia
Pacific offices.
This follows the award of the top
tensioned riser (TTR) FEED
contract for design of the dry tree
production/injection and drilling
riser systems. The WGK Houston
office, a centre of excellence for
dry tree
riser system
engineering, will carry out the
engineering for the tension leg
wellhead
platform (TLWP)
supported riser systems.
SOCO announces
commencement of
production from the TGT
H5 platform offshore
Vietnam
August 2015
SOCO International has
announced that first oil and gas
from the H5 Wellhead Platform
('H5-WHP') of the Te Giac Trang
('TGT') field occurred on 10
August 2015 following perforation
of the first of the H5 development
wells. The start of production
has been achieved more one
month ahead of schedule and the
H5 development project has been
completed with zero lost time
accidents. The perforation
campaign will continue over the
next two weeks targeting the
optimal balance between
maximising new production from
the H5-WHP, natural production
decline rates and water-cut from
the existing wells with total liquids
handling capacity on the FPSO
currently available to the TGT
partners.
The H5-WHP is located in the
south of the TGT field in Block
16-1 in the Cuu Long Basin, off
the southern coast of Vietnam,
approx. 100 kms from Vung Tau,
20 kms northwest of the Bach
Ho field and 35 kms west of the
Rang Dong field.
TGT was discovered in August
2005. The H5-WHP is TGT’s third
platform to be brought on
production. The first platform,
H1-WHP, came on stream in
August 2011, followed by the H4WHP in July 2012. Crude oil from
TGT is transported via subsea
pipeline to an FPSO where it is
processed, stored and exported
by tankers to regional oil
refineries. Gas produced from
the field is transported by pipeline
to the nearby Bach Ho facilities
for processing and onward
transportation to shore by
pipeline to supply the Vietnamese
domestic market.
Block 16-1, where TGT is located,
is operated on behalf of SOCO
(30.5%) and its partners,
PetroVietnam Exploration &
Production Corporation (41%)
a n d P TT E x p l o ra t i o n a n d
Production Public Company
Limited (28.5%), by the Hoang
News Review Vietnam
SOCO signs MoU for
Blocks 125/126,
offshore Vietnam
July 2015
On 29 July 2015, SOCO’s
President and Chief Executive,
Ed Story, attended a signing
ceremony in Hanoi, Vietnam to
sign a Memorandum of
Understanding among SOCO,
PetroVietnam and SOVICO
Holdings regarding potential
exploration and production on
Blocks 125-126, offshore
Vietnam.
Petrovietnam boosts
cooperation with
Murphy Oil and
ExxonMobil
August 2015
The Viet Nam National Oil and
Gas Group (Petrovietnam) and
Murphy Oil Corp signed a
memorandum of understanding
(MoU) on July 8 to boost
cooperation in oil and gas
projects. The MoU was signed by
Petrovietnam Chairman Nguyen
Xuan Son and the President and
CEO of Murphy Oil Corp, Roger
W. Jenkins, in the presence of
General Secretary Nguyen Phu
Trong, who is on a visit to the
United States.
Murphy has financial potential,
expertise and the technology for
exploring, surveying and
exploiting oil and gas, especially
in new areas and on deep-sea
sites. The corporation sees the
Vietnamese market as an area
with long-term development
potential and values Petrovietnam
as a dynamic and effective
partner. It is especially interested
in participating in the
development of the Block B gas
project, the Malay-Tho Chu basin
in Viet Nam and a number of
blocks in Cuu Long basin.
The corporation has invited
Petrovietnam to take part in its
projects in Mexico Bay.
Son and his entourage also met
the Vice Chairman of ExxonMobil
for the Asia-Pacific region,
Raymond E. Jones, and other
senior officials at the Washington
Hilton on the same day. During
the meeting, Jones greatly
appreciated Petrovietnam’s
efforts, along with ExxonMobil,
to advance the Ca Voi Xanh (Blue
Whale) project, located off the
coast of Viet Nam. He spoke of
the project’s progress so far and
about preparations to draw up
plans for the gas field in future.
Son affirmed that a cooperation
agreement and contracts signed
with ExxonMobil would be
implemented with the aim of the
two companies sharing and
creating the most favourable
conditions to develop together.
He urged ExxonMobil to use
advanced technologies to exploit
the gas field in the most effective
way, minimising spending and
lowering costs. He said the two
sides should work together to
find answers to issues such as
gas consumption, the price of
gas and commercial conditions.
It is necessary to take the
initiative to find gas consumers
who can use the gas most
economically, he said.
Petrovietnam would ask the
Vietnamese Government to find
ways to build gas-fired power
plants in the central region, as
well as draw up policies to help
gas consumers develop their
operations in the region, he said.
It would also propose investment
incentives to develop the project,
he added.
to begin supplying gas and power
by 2021.
PetroVietnam acquires
Chevron's Vietnam
upstream assets
June 2015
Chevron on Wednesday closed
the sale of its stake in exploration
blocks and a pipeline project in
Vietnam to state-run Vietnam Oil
& Gas Group, or PetroVietnam,
for an undisclosed amount of
money. The move represents
Chevron's exit from Vietnam's
upstream oil and gas sector, as
the oil major trims its global
portfolio.
Chevron said it has sold its stake
in two production sharing
contracts in Vietnam, which
includes a 42.4% interest in
Blocks B and 48/95, and a 43.4%
interest in Block 52/97. It has
also sold its 28.7% non-operated
working interest in a pipeline
project to supply natural gas to
utilities in southern Vietnam.
PetroVietnam had said in April it
would resume work at Block B in
June, after taking over from
Chevron. It said the block is
expected to produce 13.9 million
cubic meters of gas and between
6,000 and 7,000 barrels of
condensate a day. It expected
first gas output to be brought
onshore by 2019 or 2020.
Mitra Energy
commences 3D seismic
acquisition in Block 127,
offshore Vietnam
June 2015
In 2013, an agreement on the
C a Vo i Xa n h p l a t f o r m
development project was signed
between the two companies in
Washington D.C., with the aim
of creating a schedule, a strategy
and an overall plan for the
project. The project is scheduled
Mitra Energy, through its
subsidiary operating company
Khanh) Pte Ltd, commenced 3D
seismic survey acquisition
operations in the Block 127 PSC
area, offshore Vietnam. The
News Review Vietnam
survey is being undertaken by
PTSC CGGV Geophysical Survey
Co utilising the 3D seismic survey
vessel 'Amadeus'. The 3D seismic
survey is planned to cover a fullfold area of 533 sq kms and will
fulfil the PSC Exploration Phase
One extension 3D seismic survey
acquisition commitment of 500
full-fold sq kms. The survey is
anticipated to take 21 days to
complete.
Block 120 3D seismic
program begins offshore
Vietnam
March 2015
KrisEnergy Ltd. announced that
the CGG Amadeus vessel has
commenced a 570 sq. km. 3D
seismic acquisition program in
the Block 120 exploration acreage
o f f s h o r e c e n t ra l V i e t n a m .
overlying the Quang Ngai Graben
and the Tri Ton Horst where water
depths range from 50 to 650
metres. The graben connects the
Song Hong and Qiongdongnan
Basins in the north to the Phu
Khanh Basin in the south.
KrisEnergy holds a 33.33%
working interest in Block 120 and
is partnered by Eni Vietnam B.V.
as the operator with 66.67%
working interest. CGG Amadeus
is owned by PTSC CGGV
Geophysical Survey.
KrisEnergy becomes
operator of Vietnam
Block 105
March 2015
KrisEnergy Ltd. is increasing its
working interest in Block 105110/4 (“Block 105”) and taking
o v e r o p e ra t o r s h i p o f t h e
production sharing contract
following the execution of a deed
of assignment on 9 March 2015
between Eni Vietnam B.V. (“Eni
Vietnam”) and KrisEnergy (Song
Hong 105) Ltd (“KrisEnergy 105”)
(“Deed”).
in the Gulf of Tonkin, overlying
the central Song Hong Basin
20 metres to 80 metres. A single
exploration well, Cua Lo-1, was
drilled in the contract area in
2013, which confirmed the
existence of a petroleum system
within the block.
KrisEnergy announces
Vietnam Block 105 and
Block 120 partner
update
February 2015
KrisEnergy refers to its
announcements released on 15
April 2014 and 12 August 2014,
both titled Vietnam Block 105
and Block 120 – Partner Update.
Pursuant to the deed executed
between Eni Vietnam, KrisEnergy
105, KrisEnergy 120 and Neon
Energy in relation to the default
and subsequent withdrawal of
Neon Energy, an amended
investment certificate each for
Block 105 and Block 120 has
been issued by the Ministry of
Industry and Trade of Vietnam
on 13 February 2015.
The amended investment
certificate for Block 105 reflects
the revised working interest
holding of 66.67% by Eni Vietnam
and 33.33% by KrisEnergy and
the amended investment
certificate for Block 120 reflects
the revised working interest
holding of 66.67% by Eni Vietnam
and 33.33% by KrisEnergy.
SOCO announces
updated technical
review of Te Giac Trang
resources, offshore
Vietnam
December 2014
SOCO International has
announced that ERC Equipoise
('ERCE') has completed its
evaluation of the Block 16-1 Te
Giac Trang field ('TGT') offshore
Vietnam, which confirms the
Company's long standing view of
the size and production potential
of the TGT field.
Evaluation highlights:
• The updated TGT Stock Tank
Oil Initially In Place ("STOIIP")
demonstrates a most likely
volume of 818 million barrels
of oil ("MMBO") for the
currently drilled fault blocks.
Including the H5N and H5S
fault blocks, planned to be
drilled in Q1 2015, the most
likely STOIIP would be 949
MMBO.
• Potential oil recovery within
the expected licence period to
2030, based on the most likely
case Geological Model
(inclusive of H5N and H5S) and
under a variety of potential
development scenarios
evaluated to date, are
estimated at up to 319
MMBO. SOCO's TGT booked 2P
oil reserves as at 31 December
2013 correspond to an initial
gross field recoverable volume
of 298 MMBO.
• The ERCE reservoir modelling
demonstrates facilities
unconstrained field
performance potential in excess
of 100,000 bopd
• The reservoir modelling
provides a framework for
optimising development of the
TGT field beyond the currently
approved field development
plan; assuming no further
activity on the field beyond
2015 or changes to
infrastructure or FPSO capacity,
News Review Vietnam
the modelled estimated
recovery is 193 MMBO
(inclusive of H5N and H5S).
• In addition, ERCE identified
several small undrilled
closures during the field
remapping. These closures
together may contain an
estimated most likely STOIIP
of 17 MMBO.
In 2013, SOCO retained ERC
Equipoise to build a Dynamic
Simulation Model of the TGT field.
In 2014, this engagement was
expanded to include the
integration of a new Geological
Model. The Geological Model was
integrated into a revised Dynamic
Simulation Model for a technical
evaluation of the TGT resources.
Upon completion of the history
match and H5 area additions, the
simulation model was set up to
run a series of forecasts aimed
at evaluating the ultimate oil
volume recoverable given various
levels of development drilling and
pressure maintenance by water
injection under various FPSO and
alternative liquid handling
options.
At this time, the Hoang Long Joint
Operating Company ("HLJOC")
partners are evaluating the 2015
work programme and budget, as
well as preparing an update to
the TGT Field Development Plan
("FDP") for submission to the
relevant Vietnamese authorities.
The updated FDP will incorporate
the development plans for the
TGT field beyond 2015. The
conclusions of the ERCE work will
be shared with the HL JOC
partners as part of this process
as the work suggests a
substantial gain in oil recovery
can be achieved by way of
improvements to the TGT field
liquid handling capacity, infill
drilling and optimised pressure
support.
Malaysia's
SapuraKencana buys
PETRONAS' blocks
offshore Vietnam
November 2014
SapuraKencana Petroleum,
Malaysia's largest listed oil and
gas services firm by market
capitalisation, is buying state oil
firm PETRONAS' entire interest
in 3 blocks offshore southern
Vietnam for $400 million.The
transaction is Jan. 1, 2014 and
SapuraKencana is entitled to net
revenue from these blocks from
then, the Kuala Lumpur-based
company said in a press release
on late Thursday.
'The transaction gives
SapuraKencana an immediate
foothold in the promising oil
provinces offshore Vietnam with
cash generating assets that will
be earnings accretive to the
group,' Chief Executive Officer
Shahril Shamsuddin said in a
statement.
Shares in SapuraKencana ended
0.65 percent higher at 3.10
ringgit, before the announcement
was released. The stock has
dropped 37 percent in the year
to date, underperforming the
benchmark stock index's 2.3
percent fall.
Blocks being acquired are:
Petroleum Contract for Blocks
01/97 and 02/97, Cuu Long Basin
(50% interest); Production
Sharing Contract for Blocks 10 &
11.1, Nam Con Son Basin (40%);
Production Sharing Contract for
Block 46 - Cai Nuoc, Malay - Tho
Chu Basin (36.845966%).
Eni signs two new PSC’s
for offshore exploration
in Vietnam
October 2014
Eni signed two Production Sharing
C o n t ra c t s ( P S C s ) f o r t h e
exploration of blocks 116 and
124, located off the coast of
Vietnam.
Block 116 covers an area of about
5,000 sqkm in the Song Hong
basin, in waters with a depth
ranging from 10 to 120 meters.
The PSC block, wholly owned by
Eni, provides for an exploration
3 phases.
Block 124 covers an area of 6,000
sqkm in the Phu Khanhbasin, in
waters that have a depth ranging
from 50 to 2,600 meters. The
PSC provides for an exploration
2 phases. This block is held by
Eni, which is the operator with a
60% stake, and by Santos
Vietnam with a 40% stake.
Claudio Descalzi also met Hoang
Trung Hai, Deputy Prime Minister
with responsibility for Trade,
Industry, Construction and
Transport, and provided him with
an update of the activities and
projects that the Company is
developing in the Country.
"The participation in these two
new high-potential blocks will
consolidate our presence in the
area and support our growth in
the Pacific basin. The proximity
of these blocks to those which
we already operate will enable
us to exploit at best the logistical
and operational synergies, with
considerable savings in terms of
time and costs" said Eni's CEO.
These new agreements confirm
Eni's interest to continue and
consolidate its presence in
Vietnam, where the company
returned in 2012 and already
operates four offshore exploration
blocks.
News Review Vietnam
AziPac announces farmin agreement with
Mitra Energy for a 25%
interest in Block 127
PSC, offshore Vietnam
August 2014
AziPac, the Seacrest Capital
Group backed E&P company
focussed on offshore exploration
in the Asia Pacific and Bay of
Bengal regions, has announced
the acquisition of a 25% interest
in the Block 127 PSC, offshore
Vietnam.
AziPac, through its subsidiary
Azimuth Vietnam, has signed a
farm-in agreement with Mitra
Energy, the operator, for a 25%
participating interest in Block 127
PSC, offshore Vietnam. As part
of the deal, AziPac will pay a
working interest share of the
approved past costs and carry
part of Mitra's costs of acquisition
and processing of a 3D seismic
survey, scheduled to be acquired
in the second half of 2014.
Acquisition of the 3D survey will
complete the work programme
obligations for the current
Exploration Phase which expires
on 24 May, 2016.
Block 127 is located in the Phu
Khanh Basin, off the SE coast of
Vietnam. The basin remains
relatively underexplored and
recent 2D seismic confirms the
potential of the basin in terms of
prospectivity.
Frank Inouye, Managing Director
of AziPac, commented: ‘We are
very pleased to have acquired an
interest in this highly prospective
licence in one of the most exciting
hydrocarbon exploration
provinces in the world. Vietnam
has experienced a renaissance
in E&P activity recently and we
look forward to working with Mitra
Energy to fully evaluate this
block. Block 127 is the second
asset AziPac has acquired since
we created the company earlier
this year. Along with our interest
in the Bone PSC in Indonesia, we
have what we believe to be a
solid platform for future growth
in the region.'
Scope of Coverage Asia/Far East
Country Energy Summary
Featured
Oil/Gas Service
Total no.
(number of pages)
Oil Companies
Company Review
of pages
Bangladesh
1
11
-
19
Brunei
2
7
-
15
Cambodia
6
14
-
23
China
7
22
Yes
58
India
6
36
-
58
Indonesia
6
69
-
115
Japan
2
4
-
12
Korea, South
4
3
-
12
Malaysia
6
19
Yes
49
Mongolia
3
7
-
20
Myanmar
2
37
Yes
46
Pakistan
4
27
-
46
Philippines
2
19
-
43
Tajikistan
3
8
-
22
Thailand
8
22
Yes
60
Vietnam
8
32
Yes
74
Total
70
336
672
Bangladesh
Brunei
Cambodia
China
India
Indonesia
Japan
Korea, South
Laos
Malaysia
Mongolia
Myanmar
Pakistan
Philippines
Tajikistan
Thailand
Vietnam
1. Asia / Far East
American Energy Group
Anadarko
AWE
AziPac
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Bapex
Bashneft
Bengal Energy
BG Group
BHP Billiton
Black Platinum Energy
BP
BSPC
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Cairn India
Canoel
Canoro Resources
CBM Asia
Chevron
CITIC
CNOOC
CNPC
Coastal Energy
Conoco Phillips
Cooper Energy
Cue Energy
CPHL (Cambodia) Company
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Daewoo International
Dart Energy
Dewan Petroleum
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
East West Petroleum
Eni
EnQuest
Essar Oil
ExxonMobil
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Far East Energy
Focus Energy
Fortune Oil
Frontier Oil
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
GAIL
Gazprom International
Genie Oil & Gas
GeoGlobal Resources
Geopetrol
Green Dragon Gas
GS Energy
GSPC
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Hardy Oil & Gas
Harvest Natural Resources
HBOil
Heritage Oil
Hess
Hindustan Oil Exploration
Horizon Oil
Husky Energy
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Bangladesh
Brunei
Cambodia
China
India
Indonesia
Japan
Korea, South
Laos
Malaysia
Mongolia
Myanmar
Pakistan
Philippines
Tajikistan
Thailand
Vietnam
2. Asia / Far East
Idemitsu
IGas
INPEX
Interra Resources
IPR Transoil Corporation
Ivanhoe Energy
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
JAPEX
Jindal Petroleum
Jubilant Energy
Jura Energy
JVPC
JX Nippon Oil & Gas Exploration
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Kairki Energy
KNOC
KOGAS
KrisEnergy
KRX Energy
KUFPEC
Kuwait Energy
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Lapindo Brantas
Leyshon Resources
Lion Energy
Lundin Petroleum
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Manas Petroleum
Mari Energy
Mercator
Medco Energi
Mirach Energy
Mitra Energy
Mitsubishi Energy
Mitsui Oil Exploration Com
MOL
Mubadala Oil & Gas
Murphy Oil
Myanma Oil & Gas Enterprise
Myanmar Petroleum Resources
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
NAFTOGAZ
Neon Energy
New Horizon E&P
Newfield Exploration
New Zealand Oil and Gas
Nido Petroleum
Niko Resources
Nippon
Nobel
NuEnergy
New Horizon E&P
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Ocean Pakistan
Octanex
OGDCL
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Bangladesh
Brunei
Cambodia
China
India
Indonesia
Japan
Korea, South
Laos
Malaysia
Mongolia
Myanmar
Pakistan
Philippines
Tajikistan
Thailand
Vietnam
3. Asia / Far East
Oil India
Oilex
Omkar Natural Resources
OMV
ONGC
Ophir Energy
Origin Energy
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Pakistan Oilfields
Pakistan Petroleum
Pan Pacific Petroleum
Perenco
PetroChina
Petrogas
Petronas
PetroleumBRUNEI
Petro Matad
PETRONAS
Petrovietnam
PGN
Pitkin Petroleum
Premier Oil
Primeline Energy
Prize Petroleum
PT Energi
PT.Istech Resources
PTTEP
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Quad Energy
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Rally Energy
Ramba Energy
Reliance Industries
Repsol
RH Petrogas
Rift Basin Resources
Roc Oil
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Saif Energy
Saka Energi Indonesia
Salamander Energy
Santos
SapuraKencana
Serinus Energy
Shaanxi Yanchang
Shell
Sherritt International
Silver Wave Energy
Singapore Petroleum
Sinopec
SK Innovation
SOCO
Sona Petroleum
Star Energy
Statoil
Sugih Energy
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Bangladesh
Brunei
Cambodia
China
India
Indonesia
Japan
Korea, South
Laos
Malaysia
Mongolia
Myanmar
Pakistan
Philippines
Tajikistan
Thailand
Vietnam
4. Asia / Far East
Talisman Energy
Tap Oil
Tately N.V.
Total
Trakker Energy
Triangle Energy
Tullow Oil
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
United Energy Pakistan
UNOG
VICO Indonesia
Vietgazprom
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Wolf Petroleum
Woodside Petroleum
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Xstate Resources
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Yanchang Petroleum
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Zarubezhneft
Zaver Petroleum
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Scope of Countries and Regions
Africa
Asia / Far East
Middle East
Angola
Benin
Burundi
Cameroon
Chad
Comoros
Congo, Republic
Congo, DR
Cote d'Ivoire
Djibouti
Equatorial Guinea
Eritrea
Ethiopia
Gabon
Gambia
Ghana
Guinea
Guinea-Bissau
Kenya
Liberia
Madagascar
Malawi
Mali
Mauritania
Mozambique
Namibia
Niger
Nigeria
Rwanda
Sao Tome & Principe
Senegal
Seychelles
Sierra Leone
Somalia
Somaliland
South Africa
Sudan & South Sudan
Tanzania
Togo
Uganda
Western Sahara
Zambia
Australia
Bangladesh
Brunei
Cambodia
China
India
Indonesia
Japan
Korea, South
Malaysia
Mongolia
Myanmar
New Zealand
Pakistan
Papua New Guinea
Philippines
Sri Lanka
Tajikistan
Thailand
Vietnam
Afghanistan
Bahrain
Iran
Iraq
Israel
Jordan
Kuwait
Oman
Qatar
Saudi Arabia
Syria
United Arab Emirates
Yemen
East Europe
Albania
Bulgaria
Croatia
Hungary
Montenegro
Poland
Romania
Serbia
Slovenia
Austria
Cyprus
Denmark
France
Germany
Greece
Ireland
Italy
Malta
Netherlands
Norway
Portugal
Spain
Turkey
United Kingdom
Algeria
Egypt
Libya
Morocco
Tunisia
Armenia
Azerbaijan
Belarus
Estonia
Georgia
Kazakhstan
Kyrgyzstan
Latvia
Lithuania
Moldova
Russia
Turkmenistan
Ukraine
Uzbekistan
South America
Europe / Mediterranean
North Africa
Russia / FSU
Argentina
Bolivia
Brazil
Chile
Colombia
Ecuador
Falkland Islands
French Guiana
Guyana
Nicaragua
Paraguay
Peru
Suriname
Uruguay
Venezuela
Central America
Bahamas
Belize
Cuba
Guatemala
Honduras
Mexico
Trinidad & Tobago
E. [email protected]
l
T. +44 (0)1483 891837
l
M. +44 (0)7590 442868
l
www.energykeyfacts.com
Oil & Gas Country Reviews
Energy Key Facts
T. +44 (0)1483 891837
M. +44 (0)7590 442 868
E. [email protected]
www.energykeyfacts.com
Disclaimer
The information in this report were gathered and researched from sources believed
to be reliable and are written in good faith. EKFi Ltd cannot be held liable for data,
which might not be complete, accurate or up-to-date; nor for data which are from
internet pages/sources on which EKFi Ltd do not have any influence. The information
in this report does not have a legal or juridical character, unless specifically noted.
2015 © EKF Ltd

Vietnam - Latest Oil and Gas Industry News

Transcription

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