VIETNAM

(in Southeast Asia)

CAPITAL: HANOI

POPULATION: 85 mm

AREA (on): 329,600 km2

OIL PEAK: 2011 (forecast)

SUPPLY

Vietnamís production is offshore from a series of basins along the southern coastline underlying the South China Sea.

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 be only just be offset by new developments, perhaps eventually in deep waters.

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.

 

DEMAND

Rapid modernisation and economic growth in Vietnam has been accompanied by rising oil and gas consumption and oil export. Oil consumption flattened in 2008, in line with other South East Asian countries, but will return to growth in 2012, reducing export capacity.

Gas consumption will increase in line with production. New markets will be constantly sought in the country as many discoveries await development, but insufficient in size to justify an LNG plant.

 

 
 

 

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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