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A. INTRODUCTION OF PETROVIETNAM
PETROVIETNAM
PETROVIETNAM - NATIONAL OIL CORPORATION OF VIETNAM Operating in all petroleum sector: Upstream and Downstream Exploration started in early 1960s in Red River Delta, Song Hong Basin, (Onland Northern Vietnam) under the assistance of Soviet Union KEY MILESTONES Sept. 1975: 1981: 1986: Established Vietnam Oil and Gas General Department (laterly called Petrovietnam). First Gas Production in Hanoi Trough, Red River Delta (marginal field) First Oil Production in White Tiger Oil Field (Vietsovpetro)
PETROVIETNAM
1989:
1999:
2002: 2003:
2005:
2006:
PETROVIETNAM
COUNTRY OF VIETNAM
Area: 330,000 sq.km land and 1 million sq.km continental shelf Exclusive Economic Zone (EEZ) Designated in 100 blocks*5000 km2 Population: 84 million (2005) GDP: 45,61 billion USD (2005) GDP Grow rate: 7.5% per year Export Products: Crude oil, coal, rice, coffee, aqua products, rubber, nuts, garments, shoes Labor forces (persons): 40,500,000 Main cities: Hanoi (Capital), Ho Chi Minh City Commercial hub, Hai Phong Northern port city, Danang Central port city, Can Tho Southern port city.
PETROVIETNAM
HYDROCARBON POTENTIAL OF VIETNAM
Vietnam: 3rd largest oil producer in SE
Asia
Potential oil resouces: 8.5 billion barrels Potential gas resources: 100 Tcf Discovered Oil Reserves: 4 BBO Discovered Gas Reserves: 23 TCF Oil Production: 430.000 BOPD Gas production: 600 MMSCFD Cumulative production: > 200 MM metric tons of crude oil & > 20 billion m3 of gas.
PETROVIETNAM
ESTIMATED HYDROCARBON RESERVES (million metric tons of oil equivalent)
discovered
hypothetical
PETROVIETNAM
PETROVIETNAM
PETROVIETNAM
DOMESTIC E&P
Since 1988 to 2005 50 contracts executed 26 contracts in force Over 7 billion USD invested
Million USD
1000
900 800
705
700 600
500
397
400 300 200
105
100
130
101
45 4
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
PETROVIETNAM
PETROVIETNAM
PRODUCING FIELDS & DISCOVERIES
Song Hong: TienHai C Cuu Long: Bach Ho, Rong Rang Dong Hong Ngoc (Ruby) Su Tu Den (Black Lion) Under development: Su Tu Vang, Su Tu Trang, Su Tu Nau NCS : Dai Hung (Big Bear) , Lan Tay Lan Do Under development: Rong Doi, Rong Doi Tay, Hai Thach.. Malai Thochu: BungaRaya,Kekwa,Cai Nuoc Under development: Ac Quy, Ca Voi Xanh, Bunga Orkid, Pakma
PETROVIETNAM
OVERSEAS E & P
Block 433a&416b, Algeria, 40% Amara Oil Field Iraq 100% 3 Blocks in Tamtsag, Mongolia, 5%/block
Block SK305, Exploration (05 projects) Development (02 projects) Block NEM 1 Indonesia, 20% Block NEM 2 Indonesia, 20% Malaysia, 30%
PETROVIETNAM
CURRENT OVERSEAS E & P
No
1 2 3
Type of Contract
PSC PSC PSC
Country
Onshore Algeria Offhore Malaysia Offhore Malaysia
Operator
PIDC PCPPOC Petrofac
Status
Exploration & Appraisal Exploration Development
4 5
6 7
NEM I NEM II
Tamtsag Amara
PSC PSC
PSC SC
KNOC KNOC
Datamo PIDC
20% 20%
5% 100%
Exploration Exploration
Exploration & Appraisal Development
Operator: PIDC (40%) Works already conducted: Acquired 312 km of 2D seismic. Drilled 03 commitment wells.
02 discoveries made in MOM and Bir Seba prospects. Phase I expired by July 1st 2006 Estimated Phase II Expenditure: USD 450 million, (PIDC: USD 243 million) Discovered Oil in place: 2-3 BBO Hypothetical Oil in place: 1-2 BBO
EL OUE TOU D GGO URT
PETROVIETNAM
TWO PROJECTS IN MALAYSIA
98 100 102 104 106
VIETNAM
108
110
112
114
116
118
PALAWAN
120
9
(PHILIPPINES) THAILAND Malaysia / Thailand Joint Development Area
Pulau Bugsuk
PM3
Commercial Arrangement Area
Pulau
Pulau Balabac
7
PM301 Pulau Langkawi
H PM302 PM311 K G PM303 PM313 PM306 PM320 Pulau Pinang PM304 PM309 PM312 F F A B B SK301 PM321 PM307 PM305 SK3 SK302
Pulau Natuna
SB303
SB302
SB330 SB305
C D E M
L SB301
PM304
5
SABAH
SB331 J Pulau Labuan SB332
Pulau Timbun Mata Pulau Sibutu Pulau Tawitawi
PENINSULAR MALAYSIA
SB306 SK311
SK305
3
PM308 PM322
Kepulauan Anambas
SK 305
SK303
Pulau Subi Besar Pulau Djemadja
Pulau Tioman
SK304
SARAWAK
SUMATRA SINGAPORE KALIMANTAN
Celebes Sea
200 Km
98
100
102
104
106
108
110
112
114
116
118
120
Petrovietnam: 15% Operator: PETROFAC Recoverable reserves: 35 MMBO First Oil: QIII/2006, 12,000 BOPD
Tripartite Cooperation
Operator: PCPP JOC Petrovietnam: 30% Oil Discovery made in Dana
Petrovietnam: 20%
Operator: KNOC First exploration well without discovery
Petrovietnam: 20%
Operator: KNOC
Operator: Datamo (Daqing, China) Exploration and extensive appraisal toward Commerciality.
Oil Production Facilities
PETROVIETNAM
TOTALLY TARGETED INCREMENTAL RESERVES 20 YEARS (2006-2025)
Domestic: Overseas:
TOTAL:
725 855
PETROVIETNAM
OVERSEAS REGIONS - EXPLORATION FOCUS
Continued exploration efforts in Algeria, Malaysia, Indonesia
No. 1. 2. 3.
Regions Middle East Africa South East Asia Russia and other countries in Central Asia Latin America & South America
Countries Iran, Iraq, Arab Saudi, Yemen Libya, Nigeria, Angola, Sudan Malaysia and Indonesia Russia, Azerbaijan, Uzbekistan, Turkmenistan, Kazakhstan. Mexico, Venezuela, Brazil
4.
5.
PETROVIETNAM ESTIMATED EXPLORATION EXPENDITURES DOMESTIC 2006-2010: 2011-2015: 2016-2025: TOTAL OVERSEAS 2006-2010: 2011-2015: 2016-2025: TOTAL
PETROVIETNAM
PETROVIETNAM
TOTALLY FORECAST PRODUCTION 2006-2025
D B O K H A I T H C D U K H G IA I O N 2 0 0 5 -2 0 2 5
40 36
D u k h , tr i u t n (q u y i )
K h m m i
36 32
Disovered Gas (domestic) Oil from overseas YTF Oil (domestic) Enhanced Oil Recovery (demestic) Discovered Oil (domestic)
32 28 24 20 16 12 8 4 0
K h pht hin
28 24
D u n c ngoi
20 16 12 8
D u m m i D u pht hin
G ia tng thu hi du
4 0
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
PETROVIETNAM
PETROVIETNAM
GAS INDUSTRY AND DOWNSTREAM
PETROVIETNAM
Bach Ho (White Tiger) Gas Utilisation Project
Offshore Compression
Transmission Pipeline Gas Processing Plant-Dinh Co Distribution Pipelines LPG Storage & Jetties-Thi Vai Length: 140 km
CAPACITY: Associated Gas: 2 BCM/year
Diameter: 16 inch
PETROVIETNAM
Nam Con Son Gas Utilisation Project
Capacity: 7 BCM/y Phase one: 2002 Gas: 2,7 BCM/y Cond.: 110,000 T/y Length: 370 km Diameter: 26 inch (the longest 2 phase [gas+liquid] pipeline)
PETROVIETNAM
Phu My - Ho Chi Minh Gas Pipeline
Capacity: 2 BCM/y Completed in 2006 Length: 62 km Diameter: 22 inch Costs: 115 MM USD
PETROVIETNAM
Low Pressure Distribution Network
Supply gas to the industrial zones along the trunk-pipeline to HCM City. First network in 2003 Length: 15 km
PETROVIETNAM
SOUTHWEST GAS PLAN AND REGIONAL LINK
Block 46,50,51:
Ca Mau Complex: Power Plant:
2.0 BCM/year
Total investment ~ 1.44 billion USD 720 MW
Fertilizer Plant:
Block B, 48/95, 52/97 :
800,000 tons/year
2-5 BCM/year (160 BCM reserve)
Block B O Mon pipeline 235km offshore+195km onshore, 26 dia. Gas transported to O Mon- Tra Noc Power Plants .
C A M B O D IA
12 24 11 16 10
PETROVIETNAM
09 26 25 08
CAMBODIA CLAIM
B5 AMOCO
B7 BRITISH GAS
TH AI
LA ND
P HNO MP E NH
V IE T N A M
Ph m area 2005: 4215 MW
O omon MON
O6 WOODSIDE O5 WOODSIDE
Max 1440 MW
Hon dat
B8 BRITISH GAS
128
CARIGALI
129
8/32 AIPO
O4 IDEMITSU
B10
Block B,52/97
TRA NOC 100+5 km 105+5 km Max 3000mw 125 km AN MINH SOC TRANG
46 km
JVPC
CO
16-1 16-1
CARIG CARIDALI
130
02
O2 B11 O1
60 km
107 km 16 inch
17-1 ENTERPRISE
26 inch
03
48-95 42 43
270 km
23 km
145+5 km 60 km
25
17-2
131
SONG DOC
365 km
09-3 18 10
04-1
04-2
24 inch
50/96
CA MAU
complex
31 26 power Max 2160 MW fertilizer. 800.000 t/year 32 27
BLOCK B UNOCAL 44
26 inch
04-3 05-1
132
BO 52 NG PT KO T TE BL P OC B16 K
P TE PT /U CA NO L
50 FINA
133 CONOCO
B12/38 TEXACO
51 FINA
51/96
20 28
11-2 PEDCO
05-3 AEDC
05-2 BP
B13/38 PTTEP B17 CPOC B12/32 TEXACO CPOC C19 PM 5 A18 CTOC PM 302 CARIGALI 46 FINA PM 3 LUNDIN 40
134 CONOCO
39
34
21
12 CANADIAN PETROLEUM
06
06-2 11-2
BP
07
Existing pipeline
PM 8 ESSO
VIE TN AM CLA IM
36
PETROVIETNAM downstream
PETROVIETNAM
Downstream Activities Map
Nghi son Refinery & Petrochemical Complex (2015)
PETROVIETNAM
PHU MY FERTILIZER PLANT
Location: Phu My, Vung Tau Capacity: urea 740.000 T/year, ammoniac 51.000T/year Capital:430 million $US, Operation: June 2004
PETROVIETNAM
PVC PLANT
Joint Venture (PV, Petronas, Tramatsuco)
Location: Baria, Vung Ta Capacity: 100.000 tons/year Capital: 68.5 million $US Operation: January 2003
PETROVIETNAM
DOWNSTREAM ACTIVITIES
PROJECTS UNDER CONSTRUCTION
Refinery No. 1 - Dung Quat Capacity: 6.5 million tons/year Feedstock: Bach Ho Products: LPG, Unlead Gas, Jet A1, Diesel, FO, Kerosene, PP. Capital: 2.5 billion $US (Petrovietnam 100% share) Status: Under construction Operation: in 2009 year Refinery No. 2 - Nghi Son
Capacity: Feedstock: Products: Capital: Status: Operation: 7 million tons/year Sweet/Sour Crude Oil ( 50/50) LPG, Unlead Gas (Octane Index > 90), Kerosene, Diesel, FO, Bitumen, Para-xylene (for Polyester),PP 3-3.5 billion $US (Open for foreign party JV, BCC, BOT...) Pre-FS approved by Government FS being made (to be submitted to Government in Dec. 2003 for approval) in 2015
PETROVIETNAM
DOWNSTREAM ACTIVITIES
ONGOING PROJECTS
to be decided 0.2 million tons/year for the first stage (bitumen only), can be increased up to 1 million tons/year for other products in further stages. imported Heavy Crude Oil or atmospheric residue from refinery Bitumen and by-products as DO, FO... FS being made, open to investors with Joint Venture.
Ca Mau Complex 800,000 ton/year (Phase 1); 2,000,000 ton/year (Phase 2) 700 million $US, FS approved by 2008 EPC contract sumitted for Government approval