075 113 Vietnam Olje Gass

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    Vietnams Ol e o Gass sektor

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    Overview of Vietnam oil & gas group

    board of directors

    PRESIDENT & CEO

    subsidiaries and affiliates

    20 divisions, 27 subsidiaries for all sectors

    76

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    Petroleum Processin Division Financial & Accountin Division

    Commercial & Marketing DivisionExploration Division

    HEA

    S CEO

    DENT

    Gas & Power Division Personnel and Training Division

    TNARTE

    ENT&

    PRES

    -

    Internal Auditing Division Petroleum Production Division

    R

    OVI

    QU

    RESI

    VIC

    International Cooperation Division

    Construction Division

    PE

    AN

    Labor, Wages & Staff Policy Division

    Science - Technology Division

    Bid Evaluation Office

    ealth - Safety - nvironment Division

    77

    dministration Enterprise Reform&Development Division

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    PIDC PV Insurance

    PV DrillingPVEP

    V asT

    ies

    PIC PV Trans Co.

    VPI PV Engineering

    NAM

    sidia

    PVFC

    PETROSETCO

    RDCPP

    PETECHIM o.

    VIE

    su

    NGHI SON REFINERY

    PVPDC

    DMC

    DUNG QUAT REFINERY

    E

    TR

    RDCPSEu y er zer g oar

    PVMTCCa Mau Gas-Power-Fertilizer Mgt Board

    Phu My HCMC Gas Pipeline Mgt Board

    78

    Mgt Board Petrovietnam Buildings No.1&5 Mgt Board

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    Petrovietnamis National Oil & Gas Company.es ones

    pera ng n a areas o pe ro eum sec o : ups ream, m s ream andownstream.

    Ex loration activities started in the earl 1960s in the Son Hon deltanorthernVietnam.

    Sep 1975: Establishment of the VietnamOil and Gas General Department.

    Sep 1977: Establishment of the Vietnam Oil and Gas Company(PETROVIETNAM).

    .

    Since April 1992: PETROVIETNAM was detached from MHI to be under

    direct control of Prime Minister.

    Since J anuary 2007 PETROVIETNAM has been Multi-Businesses Groupbeyond Petroleum.

    79

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    Main functions

    , , , , ,Provision of Services;

    Import and Export of Petroleum Materials and Equipment, Crude Oil, Petroleum

    Distributions Of Petroleum Products;

    Survey, Engineering, Consultancy, Construction, Maintenance, Exploitation of;

    Real Estate Business;

    , , ,

    Training, Education, Manpower Provision;

    Hotel, Tourism, Office;

    Other Businesses permitted by Vietnams Laws and Regulations.

    80

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    Vision

    To become a Leading Integrated Oil & Gas Group in the

    region and in the world.Mission Statement:

    Business Entit .

    Petroleum is core business.

    To develo and add value to national resources.

    To ensure the energy security of the country.

    To contribute to GDP (>30%)

    81

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    Oil and Gas otentials Ma or Basins

    Vietnam- 3rd lar est oil roducer in SE Asia:

    Major basins (7): Song Hong, Phu Khanh,

    Cuu Long, Nam Con Son, Malay- Tho Chu,Hoan sa and Truon Sa basins.

    Potential oil resources: 8.5 billion barrels

    Potential gas resources: 100 TCF

    Oil reserves: ~ 4 billion barrels Gas reserves: ~ 23 TCF

    u : ~ .

    Gas production : 600 MM cfd

    Cumulative roduction: >200Mt of crude oil& > 20 billion m3of gas.

    82

    Source: Petrovietnam

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    f bl k dverview of Vietnams blocks and operatorsBlocks / Operators under PVEPs Management

    JVPC15-2

    REMARKOPERATORBLOCK

    15-2/01 THANGLONG JOCHA NOIB AS I N 106

    C AO B AN G

    H A G I AN G

    L AO C AI

    L A I C HAU

    SO N L A

    YEN BAI

    T U Y E N

    QUANG

    B AC C AN

    T H A I N G UY E NL AN G S ON

    Q UA NG N IN H

    BACGIANG

    HANOICAPITAL

    HOA BINH

    BAC

    NINH

    HUNG

    YEN

    HAI

    DUONG

    NAM

    HA

    VIN HPHU

    HAI

    PHONG

    CHINA

    2300 000

    2400 000

    2500 000

    1300 000200 0001000000000000 0 0 0 00000000000000000000000000000000000090000

    N 2 3 . 0 0

    N22 .00

    N 21.00

    CUULONG BASINHOANVU JOC09-2

    PETRONAS01 & 02

    LAMSON JOC

    VRJ09-3

    107

    108

    109

    11005

    104

    103/9102/9

    111

    112 113

    114 115

    T HA NH H OA

    N GH E A N

    HA TINH

    QUANG

    BINH

    L A O SHAI NAMI SL A ND

    1900 000

    2000 000

    2100 000

    2200 000N 2 0 . 0 0

    N19 .00

    N18 .00

    N 1 7 . 0 0

    CONOCO16-2

    HOANGLONG JOC16-1

    CUULONG JOC15-1

    116 117

    118

    119

    120

    121

    122

    123

    QUANG

    TRI

    T H U A

    THI EN

    HU E

    QUANGNAM

    DA NANG

    KO N T UM

    QUANG

    NG AI

    BINH

    D I NH

    G I A LA I

    THAILAND

    1500 000

    1600 000

    1700 000

    1800000N16 .00

    N 1 5 . 0 0

    N14 .00

    SOUTH CONSON BASIN

    CONOCO133 & 134

    05.1b& 05.1c IDEMITSU

    123

    124

    125

    126

    127

    128

    129

    01

    0215-15-

    1 5- / 95

    01

    1/97

    PHU

    YE N

    DACLAC

    KHANH

    HOA

    LAMDONG

    NI NH

    T HU A N

    BINHTHUANDONG

    NA I

    BINHPHUOC

    BINH

    DUONG

    TAYNINH

    HO CHI MI NH CITY

    BA RIA

    VUNG TAU

    VI NH

    AN

    G IA N G

    DONGTHAP

    LO NG A N

    TIEN GIANG

    CAMBODIA

    1200 000

    1300 000

    1400 000

    N 1 3 . 0 0

    N 12 .00

    N11 .00

    PH QUOI S LA ND

    BP06-1; 05-2 & 05-3

    PREMIER OIL12E

    PREMIER OIL12W

    .130

    131

    132

    133

    134

    135

    136

    03

    04- 04-

    04-

    0 5 -C

    5-

    05-

    06-07

    0813

    05-

    09-9-

    16-

    16-17

    18

    19

    20

    26

    25

    27

    21

    229

    28

    35

    34

    33

    327

    38

    39

    40

    44

    45

    43

    42

    41

    48

    49

    50

    51/9651

    46-

    46

    54

    55

    12-W 12-E

    11-

    09-

    10

    11-

    2/97

    11-

    47L O N G

    CAN

    TH O

    SOC

    T R A N G

    BA C

    L I E U

    CA MAU

    KIEN

    GIA NG

    31

    800000

    900000

    1000 000

    1100 000N10 .00

    N9 .00

    N8 .00

    N7 .00

    B-13

    B-14

    B-15

    B-16

    B-11

    B-12

    B-10

    48/95

    06/95

    06-

    B

    83

    CHEVRONB & 48/95 & 52/97

    MALAY-THOCHU BASINTRUONGSON JOC46/02

    0 100 200 Km

    08

    143

    2430

    36

    E112.00111.00110.00109.00108.00107.00106.00105.00104.00103.00102.00

    600000

    700000N 6 . 0 0

    N 5 . 0 0EXPLORATION DEPARTMENT

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    as pro uc on

    Oil and gas production 1989-2004 and prediction to 2010

    40 350

    370400

    8

    270 28

    0 300

    320

    250

    300

    350

    s(BCF) Gas BCF

    Oil MMbbls

    0 110 12

    2

    156

    2

    2 110 11

    812

    1 127150

    200

    (mmbbls)/G

    4 2 3 2 2 418 2

    440

    74

    1

    8.5

    10

    15 20 2

    5 28.5

    30 31.

    536

    4554 5

    6 67 7

    5 8189 9

    50

    100Oil

    1989

    1990

    1991

    1992

    1993

    1994

    1995

    1996

    1997

    1998

    1999

    2000

    2001

    2002

    2003

    2004

    2005

    2006

    2007

    2008

    2009

    2010

    Year

    84

    Source: Petrovietnam

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    Upstream Projects Current petroleum Contracts

    From 1988 to 2007:From 1988 to 2007:

    54 petroleum signed contracts54 petroleum signed contracts

    30 contracts are in force30 contracts are in force

    8 bil lion USD of investment8 bil lion USD of investment

    85

    Source: Petrovietnam

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    Production fields

    Song HongSong Hong:: TienHai CTienHai C

    Bach Ho, RongBach Ho, Rong

    Rang DongRang DongHong Ngoc (Ruby)Hong Ngoc (Ruby)Su Tu Den (Black Lion)Su Tu Den (Black Lion)On development: STV, CNVOn development: STV, CNV

    as nas n::

    Dai Hung, Lan Tay , Rong Doi.Dai Hung, Lan Tay , Rong Doi.

    On development:On development: HT, Moc TinhHT, Moc Tinh..

    MalayMalay--Thochu BasinThochu Basin::

    , , ,, , ,

    On development:On development: TL,AQ,CVTL,AQ,CV

    86

    Source: Petrovietnam

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    --

    Block 103Block 103--107: Bach Lon107: Bach Lon

    --

    --

    87

    Source: Petrovietnam

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    Cooperation in Oil & Gas Exploration

    BilateralVietnam-China

    Vietnam-China-Philippines

    BilateralVietnam-Campuchia

    88

    Source: Petrovietnam

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    L 433a&416b,

    Overseas Projects

    mara e

    Iraq 100%An-gi-ri , 40%

    3 Blocks in Tamtsag,3 Blocks in Tamtsag,

    Mongolia, 5% per BlockMongolia, 5% per Block

    Venezuela, 49%Venezuela, 49%

    PM304 (Cendor Field),

    Malaysia, 15%

    Block SK305,Expl. & Appr. (05)Expl. & Appr. (05)

    a ays aDev. & Prod. (04)

    Block NEM 2Block NEM 2

    Indonesia, 20%Indonesia, 20%

    Block NEM 1Block NEM 1

    Indonesia, 20%Indonesia, 20%Block Majunga,Block Majunga,

    Madagascar, 10%Madagascar, 10%

    89

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    Upstream activities

    E&P activities: 300,000 km 2D, 30,000km2 3D, 200 explorationwells

    70 hydrocarbon discoveries, 20 oil & gas fields (10 producingfields)

    Oil production: 400,000 bbl/day from 7 fields and 2 fields ondevelopment

    Gas production: 650mmcf/day from 5 fields and 2 fields ondevelopment

    Resu ts o E&P stu ies an new iscoveries ave opene manyopportunities for future investment in upstream projects.

    90

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    Gas ro ects

    am

    e:Petroviet

    91

    Sour

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    Bach Ho Gas Utilization Project

    Offshore CompressionOffshore Compression

    ransmss on pe neransmss on pe ne

    Gas Processing PlantGas Processing Plant--Dinh CoDinh Co

    Distribution PipelinesDistribution Pipelines LPG Storage & J ettiesLPG Storage & J etties--Thi VaiThi Vai

    CAPACITY:

    Associated Gas: 2 BCM/year

    Length: 140 kmLength: 140 km

    Diameter: 16 inchDiameter: 16 inch Dry Gas: 1.5 BCM/year

    LPG: 300,000 T/year

    92

    Condensate: 150,000 T/yearSource: Petrovietnam

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    Capacity: 7 BCM/yCapacity: 7 BCM/y

    Phase one: 2002Phase one: 2002

    Gas: 2,7 BCM/yGas: 2,7 BCM/y

    Cond.: 110,000 T/yCond.: 110,000 T/y

    Len th: 370 kmLen th: 370 km

    Diameter: 26 inchDiameter: 26 inch

    93

    Source: Petrovietnam

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    Capacity: 2 BCM/yCapacity: 2 BCM/y

    Completed in 2006Completed in 2006

    Length: 62 kmLength: 62 km

    Investment: 115 MM USDInvestment: 115 MM USD

    94

    Source: Petrovietnam

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    ow ressure s r u on e wor

    upp yupp y gasgas oo eeindustrialindustrial zoneszones alongalong thethetrunktrunk--pipelinepipeline toto HCMHCMCityCity..

    FirstFirst networknetwork inin 20032003

    LengthLength:: 1515 kmkm

    CapacityCapacity:: 11 mmmm mm33

    /year/year

    95

    Source: Petrovietnam

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    - , - .

    Block PM3-CAA: 2.5BCM/year (60 BCM reserve) Block 46,50,51: 2.0 BCM/year

    Ca Mau Complex: Total investment ~1.44 billion USD

    PM3-CAA-> Ca Mau Pipeline 289Km offshore +43 Km Onshore, 18 PowerPlan: 720 MW

    Fertilizer Plan: 800,000 tons/year

    Block B, 48/95, 52/97 : 2-5BCM/year (160 BCM reserve)

    Block B - Omon pipeline 235km offshore+195km onshore, 26suplies gas to

    Omon - Tranoc power plants .

    96

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    Oil & Gas Demand

    OIL AND GAS DEMAND IN VIETNAM 2001-2010

    14

    16

    18

    8,000

    10,000

    millions tonesmillions tonesmillions tonesmillions tones millions cubic metersmillions cubic metersmillions tonesmillions tones millions cubic metersmillions cubic meters

    6

    8

    10

    12

    4,000

    6,000

    0

    2

    4

    0

    2,000

    2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

    Oil Demand (millions tones)

    Gas Demand (millions cubic meters)

    Source: Petrovietnam

    98

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    99

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    Refineries & Petrochemical Activities

    PP ProjectPP Project

    Nghi Son Refining &Nghi Son Refining &Petrochemical Complex (7Petrochemical Complex (7

    --

    LAB Project (30,000LAB Project (30,000

    , ,, ,,,

    Dung quat RefineryDung quat Refinery

    (65 MMTPA), 2009(65 MMTPA), 2009

    Ethylene Complex 2010Ethylene Complex 2010--20152015

    DOP Plant (30,000DOP Plant (30,000TPA), 1997TPA), 1997Southern Refinery (7Southern Refinery (7--99

    --(400.000 PP TPA(400.000 PP TPA

    350.000 PE TPA)350.000 PE TPA)

    PS ProjectPS Project(60,000 TPA)(60,000 TPA)

    ,,

    In operationIn operationPlantPlant

    Project UnderProject Under

    ,,TPA), 2004TPA), 2004

    PVC Plant (100,000PVC Plant (100,000Camau GasCamau Gas--PowerPower--

    InvestmentInvestmentPreparationPreparation

    ProjectProject

    100

    ,,(740,000 TPA), 2004(740,000 TPA), 2004

    ,,TPA), 2010TPA), 2010

    Source: Petrovietnam

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    Location: Phu My, Vung Tau

    Capacity:

    urea 740.000 T/year,

    ammoniac 51.000T/year

    Capital:430 million $US,

    Operation: June 2004

    101

    Source: Petrovietnam

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    PVC Plant

    (PV, Petronas, Tramatsuco)Location: Baria, Vung Tau

    Capacity: 100.000 tons/year

    Capital: 68.5 million $US

    Operation: January 2003

    102

    Source: Petrovietnam

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    Ongoing projects

    Refinery No. 1 - Dung Quat

    Capacity: 6.5 million tons/year

    Feedstock: Bach Ho, , , , , , .

    Capital: 2.5 billion $US (Petrovietnam 100% share)

    Status: Under construction

    Refinery No. 2 - Nghi Son

    Feedstock: Sweet/Sour Crude Oil ( 50/50)Products: LPG, Unlead Gas (Octane Index > 90), Kerosene, Diesel, FO, Bitumen,

    Para-xylene (for Polyester),PP- . , , ...

    Status: Pre-FS approved by GovernmentFS being made (to be submitted to Government in Dec. 2003 for approval)

    Operation: in 2015

    103

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    Ongoing projects

    Bitumen Project

    Location: To be decided. ,

    Up to 1 million tons/year for other products in further stages.

    Feedstock: Imported Heavy Crude Oil or atmospheric residue from refinery

    : - , ...

    Investment: FS being made, open to investors with J oint Venture.

    Location: Ca Mau Complex

    Capacity: 800,000 ton/year (Phase 1); 2,000,000 ton/year (Phase 2)

    ap a : m on , approve

    Operation: by 2008

    Present status: EPC contract sumitted for Government approval

    104

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    Projects Calling for Investment

    e nery o. n ou rea

    Dung Quat Complex

    LAB Plant : 30,000 ton/year, 45 million USD, FS being made

    PP Plant : 150,000 tons/year; 170 million $USFS being made, in operation with Refinery No.1

    Baria - Vung Tau complex

    ,900 million USD, FS being made

    Polyester Fiber Plant : 120,000 tons/year, 130 million USD

    FS being made PS Plant : 60,000 tons/year, 50 million USD

    FS being made

    Methanol Plant : 660,000 tons/year, 350 million USD (in Baria, Vung Tau)

    105

    FS made with Lurgi Oil Chemie - Germany

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    R & D Centers

    Science-Technology is a basic foundation for the firm development of

    the Petroleum Industry of Vietnam.

    Vietnam Petroleum Institute (VPI)

    Research and Development Center for Petroleum Processing (RDCPP)

    Research and Development Center for Safety and Environment (RDCSE)

    etro eum n ormat on enter

    106

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    CCOP

    "To facilitate and coordinate the im lementation of a lied eoscience

    (Coordinating Committee for Geoscience Programmes in East and Southeast Asia)

    programs in East and Southeast Asia in order to contribute to economic

    development and an improved quality of life within the region".

    To this end, CCOP promotes capacity building, technology transfer, exchange of

    information and institutional linkages for sustainable resource development,

    management o geo-in ormation, geo- azar mitigation an protection o t e

    environment.

    em er coun r es even : am o a, na, n ones a, apan, orea, a ays a,

    Papua New Guinea, Philippines, Singapore, Thailand and Vietnam.

    oopera ng coun r es r een : us ra a, e g um, ana a, enmar , rance,

    Germany, Japan, The Netherlands, Norway, Russian Federation, Sweden, United

    Kin dom and United States of America.

    107

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    ASCOPE

    On the 15th of October 1975, five founding countries (Indonesia, Malaysia, theounc on e ro eum

    , ,and the Memorandum of Understanding of ASCOPE. Brunei Darussalam joined laterin 1985. Vietnam became the seventh member of ASCOPE on November 5, 1996.

    , .

    The aims and purpose of ASCOPE:

    romo on o ac ve co a ora on an mu ua ass s ance n e eve opmen o

    petroleum resources in the region through joint endeavors in the spirit of equality andpartnership.

    . Providing mutual assistance in personnel training and the use of research facilities and

    services in all phases of the petroleum industry.

    . Holding of Conferences and Seminars. Maintenance of close cooperation with existing international and regional

    108

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    Petrovietnam Road to Future

    .

    Expanding exploration and production activities throughout the

    .

    Developing infrastructure gas market, gas and downstream

    .

    Attracting more foreign investment in parallel with PVNs increase

    .

    Developing technological and managerial abilities to adapt to the

    business environments.

    109

    - .

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    Objectives Implementation plan

    Develop domestic market fornatural gas consumption

    Participate in investment of

    3 gas-utilized Industrial Zones:-

    2010-2020: Construct andoperate national pipeline

    South Western: 6-9 Billion m3 perannum

    - 3 system an integrate wit

    regional pipeline system

    annumNorthern: 1-2 Billion m3 per annum

    110

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    Objectives Implementation plan

    nanc a requ remen s:

    2001-2010: 20 BUSD;

    s a s e ro e nam n ernafiscal system:

    PetroVietnam finance company:

    Gas transportation: 1.5 BUSD

    Petroleum investment anddevelopment bank

    PetroVietnam securities company

    Petroleum processing: 2.5BUSD

    Production distribution: 3 BUSD

    PetroVietnam insurance company

    Encourage foreign investment

    Services: 1 BUSD

    2010-2020: 21.4 BUSD

    crude oil sale revenue

    Diversify capital mobilization:

    Issuing international and domesticpetroleum bonds, participating insecurities market

    111

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    O ortunities and otentials for Norwe ian Oil

    & Gas related companies

    aste management, nc u ng systems or treatment o azar ous an tox cwastes

    Environmental protection technologies, including produced water treatment,abandonment & clean up procedures and technologies, and environmentalpractises in processing

    Oil spill combat equipment, including boats and facilities

    Enhanced Oil Recovery (EOR) technologies for declining oil fields (including CO2

    Deep water (more than 100m) drilling and production technologies, includingdrilling rigs (70-200m)

    Seismic surve s

    Gas utilisation alternatives (polypropylene and polyethylene production)

    Engineering and construction of production facilities

    Promotion support for investment related to upcoming licence rounds

    Training and education

    112

    within Oil and Gas related to Administrative Development Competence.

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    THANK YOU !!!

    113