“A third prospect has been identified on Eni Vietnam BV-operated Block 120 offshore southeastof Da Nang, Vietnam, from 500 sq km of 3D seismic shot in mid-2012, said partner Neon Energy Ltd., Perth.” - June 2013, Oil & Gas Journal “The Asian Development Bank says Vietnam’selectricity demand is expected to rise by 14% a year during 2011-15 and by 11% a year during 2016-20” “Vietnam, which had 5,800 megawatts of coal-fired electricity capacity in 2011, wants to raise thismore than fivefold by 2020, to 36,000 megawatts” - July 2013, The Wall Street Journal Vietnam is keenly developing the next stage of the country’s energy development. With rising demand, PetroVietnam has recently announced an extension of joint exploration agreement signed by both Vietnam and China to expand the exploration area in the Gulf of Tokin and extended its partnership to 2016. A revised production sharing contract (PSC) has been issued by Vietnam government to provide more relevant terms to the exploration and production operations in Vietnam. With gas shortage of 3 billion m3 in 2015 and aggravating to over 15 billion m3 in 2025 in Southern Vietnam, importance has been placed on the import of LNG as PV gas carries out the LNG import project to rectify the imbalance. Regasification terminals including Thi Vai LNG at Ba RiaVung Tau province and Son My LNG at BinhThuan province are expected to come into operation in 2014 and 2018 respectively to supply imported LNG to industrial customers and power plants across Vietnam. Besides, investors are exploring opportunities in Myanmar where abundant onshore and offshore oil & gas are unexplored. What is the potential and investment opportunity in this latest frontier? How will the developments in Myanmar’s oil & gas sector change the gameplay in the regional market? While demand is expected to increase 500% and reaching 3000 megawatts in 2050 in Cambodia, an estimated 1 billion of investmentswill be required in power sector to address the power shortfall before 2030. What are Cambodia’s plans to rebalance the supply and demand? | CMT’s 15th VOGP brings a leading panel of experts to examine the potential and development in Vietnam as well as regional oil & gas sector. Join the local and international players to gain insights on: Highlights Potential of offshore and deepwater reserves - Keyamendments of the revised PSC
Short and long term oil & gas demand/supply outlook and its implication for Vietnam Regasification terminals and plans to accommodate the growing demand for gas - Financing criteria and requirements for oil, gas and power projects
Latest tax implications of farm-in and farm-out Recent changes in energy regulatory framework and implementation practices Managing potential investment disputes with partners Renewable energy and bio fuel developments along with environmental issues Myanmar and Cambodia’s oil & gas outlook
Register now to network with top executives from upstream and downstream players and gain knowledge on the latest development of Vietnam’s oil, gas and power sectors! What’s more, register with your team to enjoy group discount! For more information, please contact Ms. Huiyan at huiyan@cmtsp.com.sg Testimonials |
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Topics well-covered, up-to-date, and experienced speakers made the conference highly informative and value-add - HSBC Good event to gain knowledge and improve networking - JX Nippon Oil & Gas Exploration Very informative - Vietnam National Oil & Gas Group An opportunity to be updated on Vietnam's energy landscape while making new network among industry players - Petronas Good outlook on Vietnamese OGP future plans and criticalities of developing projects in the country - ENI E&P |
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