"Meet Rising Energy Demand with
Increased Oil & Gas Project Activities"
“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:
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 email@example.com
Topics well-covered, up-to-date, and experienced speakers made the conference highly informative and value-add
Good event to gain knowledge and improve networking
- JX Nippon Oil & Gas Exploration
- Vietnam National Oil & Gas Group
An opportunity to be updated on Vietnam's energy landscape while making new network among industry players
Good outlook on Vietnamese OGP future plans and criticalities of developing projects in the country
- ENI E&P
|Industry News|| ||Who Will You Meet|| ||Be a Sponsor or Exhibitor!|
|Consortium of Alstom and Hydrochina Huadong Engg Corp. to supply Turbines and Electromechanical equipment for the 154 MW Dong Nai 5 Hydro project||CEOs, Presidents, GMs, Business Development Directors, E&P Directors,Downstream Directors, Executives & Traders from Leading Oil, Gas & Petrochemical Companies, Government Officials, Energy Consultants,Additives and Catalyst Companies, Project Financiers, Storage & Terminal Companies, EPC Companies, Legal Counselors.|
This event is an excellent platform to promote your organization to influential players and investors in the industry. Sponsorship opportunities available include Corporate, Exclusive luncheon & Cocktail sponsor.
Exhibition / catalogue display can be arranged upon request.
(65) 6346 9130
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(65) 6346 9113 TODAY!
Vietnam Presents Great Wind and Solar Power Generation Opportunities
Posted on : 29 Aug, 2013
Being one of the fastest growing economies in the region, Vietnam’s average annual growth rate for electricity is expected to be between 11-16% until 2020. Known for its potential in renewable energy power generation in Southeast Asia, a large fraction of Vietnam’s electricity is produced by renewables energy, with nearly 40% of its total installed capacity generated by hydropower.
According to Saigon Times, Vietnam Electricity Investment and Construction Joint Stock Company (EVNIC) has been approved to build a 40.5 megawatt wind power farm in Vietnam’s south-central coastal province of Ninh Thuan this year. This project, which costs an estimated USD 3.2 million in investment, is expected to produce about 14 million kWh of electricity annually. The second phase of the project is slated to be developed from 2014 to 2015. Ninh Thua, considered as a high potential region for wind power development, is expected to reach total exploitation capacity of 2,000 MW by 2020. There are currently 60 registered projects for wind power under development and a number of solar projects are also under operation.
Given the current market conditions, Vietnam presents great opportunities for investors looking to negotiate with the end-user for a higher tariff, particularly for wind or solar hybrid projects. Mr. Le Viet Trung, Deputy Director, Research Center for Petroleum Economics & Management, Vietnam Petroleum Institute will be on hand at CMT’s 15th VOGP 2013, on the 12-13 Sep, 2013 in Ho Chi Minh City to share all about Vietnam’s ‘Renewable Energy Plans and Prospects’ specifically on clean energy developments in hydro, solar and wind energy, eco-power supply and projects as well as renewable energy subsidies.
For more information about the event, please contact Ms. Huiyan at firstname.lastname@example.org or Tel. +65 6346 9113.
Vietnam’s oil & gas stay upbeat with extended agreement with China and third prospect in Block 120
Posted on : 09 Jul, 2013
In view of increasing chances in oil and gas discovery and enhancing bilateral cooperation efficiency, Vietnam and China have entered an extended agreement in the joint exploration for oil and gas in the Gulf of Tonkin. The deal was inked during the State level visit to China by President Truong Tan Sang in June.
The agreement signed between Vietnam Oil and Gas Group (PetroVietnam) and China National Offshore Oil Corp. (CNOOC) will see to the extension of the agreement till 2016 as well as an expansion of the exploration area from 1,541 square kilometers to 4,076 square kilometers, with both parties splitting the operational responsibilities and costs equally. The agreement has been amended three times and despite the lack of reliable findings in commercial oil & gas, both sides have collected essential data of potential resources in the area.
While new co-operation continues to headline the oil & gas industry, positive exploratory news has been released by Eni Vietnam BV at offshore Block 120. The third prospect has been identified via 3D seismic program with positive data revealing gas potential. This newly-identified gas potential, Ca Ngu, together with Rua Bien and Ca Lang, proves to be “a candidate for drilling of the first exploratory well”.
Drilling in Block 120 is expected to begin September this year with prospects in both oil and gas.
Oil & gas majors will convene in Ho Chi Minh City, Vietnam, this September 12-13 at the 15th VOGP 2013 for more updates and discussions on Vietnam’s oil & gas sector developments and opportunities.
For event inquiries, please contact Ms. Huiyan at email@example.com or Tel. +65 6346 9113.
Vietnam, China expand defined area for join exploration at sea
Vietnam: Third prospect, gas potential seen on Block 120
Pan Pacific Petroleum to begin offshore oil & gas well exploration in Block 121 and Block 07/03
Posted on : 07 Jun, 2013
June 2013 marks an important date for industry leader, Pan Pacific Petroleum (PPP), as the drilling in offshore of southern Vietnam, begins. Participating players in the Block 121 joint venture include a PPP wholly owned subsidiary – Pan Pacific Petroleum Vietnam (121), Origin Energy and Premier Oil in a 15-45-40 distribution. The “Ocean General”, a semi-submersible drilling rig to be operated by Origin Energy, will be used to drill in the Ca Voi-1X well, targeting the large Ca Voi (Whale) Prospect which “has been estimated to hold between 40 million and 200 million barrels of oil”.
The “Ocean General” will follow through drilling projects in two wells in Block 07/03 which has similar geological prospect with Block 121. Participating players in this project include PPPV, Premier, Vamex, Pearl and PVEP in a 5-30-25-25-15 distribution, with Premier being the operator in this project.
These high potential exploration projects hold intense industry interest as Block 121 contains significant potential while Block 07/03’s CRD-1X discovery well, drilled in June 2009, is known for the production of “3,265.4 barrels of oil and 8.1 million standard cubic feet of gas per day from two zones in the Miocene sands”.
Keep yourself updated on the development and opportunities in Vietnam and the region at CMT’s 15th VOGP Summit, scheduled in Ho Chi Minh City on September 12-13, 2013.
More details on the event will be coming soon. For enquiries, please contact Ms. Huiyan at firstname.lastname@example.org or Tel. +65 6346 9113.
Read more: Origin prepares to spud Vietnam well
Dr. Siri Jirapongphan is currently an Executive Director of the Petroleum Institute of Thailand (PTIT), which was establish in 1985 with the support from the government and private sectors, to operate as a non-profit foundation. Dr. Siri received his Sc.D. degree in Chemical Engineering from Massachusetts Institute of Technology and B.Sc in Chemical Engineering from the California Institute of Technology.....Read more
Dr.Siri Jirapongphan, Executive Director, Secretary
Petroleum Institute of Thailand
Thailand’s Natural Gas Reserves and Investment Opportunities
Day 1 [Thu 12, September], at 03:20 PM
Mr.Ta Hong Thai
Thai is currently a Tax Partner, Head of Energy and Natural Resource of KPMG practice in Vietnam. He holds Bachelor of Commerce degree, member ship of Association of Chartered Certified Accountant (ACCA) (UK) and member of Certified Public Accountant (Registered Auditor), Ministry of Finance, Vietnam.
Thai has more than 17 years’ experience as a....
Mr.Ta Hong Thai, Partner, Tax & Corporate Services
International Tax Structuring Issues for Vietnam Upstream Oil and Gas Operations
Day 1 [Thu 12, September], at 04:30 PM
Tuan Anh Phung
Mr Tuan Anh Phung has 20 years of experience & considered as one of Vietnam’s renowned corporate lawyers having experience & capacity for international practicing. He is experience in consulting & representing many multinational and domestic companies in many areas. Mr Phung Regularly advise on solving legal issues and business policies with a....
Tuan Anh Phung, Managing Partner
Day 2 [Fri 13, September], at 09:00 AM