Dr phung dinh thuc's presentation slides from the 2010 World National Oil Companies Congress

VIETNAM OIL AND GAS GROUP (PETROVIETNAM)
PETROVIETNAMPETROVIETNAM’’ss COOPERATIONCOOPERATION
ANDAND
PLAN FOR GROWTHPLAN FOR GROWTH
By Dr. Phùng Đình Thực
President & CEO, PETROVIETNAM
London, UK

OUR VISION
Is to be a Leading Petroleum Group in the
Region - A Pride of Vietnam

OUR MISION
Is to contribute to ensuring national energy
security, develop and add value to the Nation
Resource

OUR OBJECTIVE
Is to contribute to the well being of the People
and the Nation

55
PETROVIETNAMPETROVIETNAM
CORE BUSINESSCORE BUSINESS
Oil and Gas Exploration, production, refining, petrochemicals,Oil and Gas Exploration, production, refining, petrochemicals,
storage, transportation;storage, transportation;
Technical services in the petroleum field;Technical services in the petroleum field;
Import and export of petroleum materials, equipment andImport and export of petroleum materials, equipment and
products;products;
Distributing oil and gas products and hydrocarbon materials;Distributing oil and gas products and hydrocarbon materials;
OwnerOwner’’s and operation of power plants.s and operation of power plants.

66
PETROVIETNAM OTHER FIELDSPETROVIETNAM OTHER FIELDS
Surveying, design, engineering and construction;Surveying, design, engineering and construction;
Consulting in construction and investment of both petroleum andConsulting in construction and investment of both petroleum and
civil engineering projects, and manufacturing and trading incivil engineering projects, and manufacturing and trading in
construction materials;construction materials;
Real estate development and investment;Real estate development and investment;
Finance, banking, insurance, and securities;Finance, banking, insurance, and securities;
Manpower training and supply in the fields of petroleum andManpower training and supply in the fields of petroleum and labourlabour
export;export;
Hotel, travel and office management businesses;Hotel, travel and office management businesses;
Other business fields as stipulated by Vietnamese law.Other business fields as stipulated by Vietnamese law.

PETROVIETNAM
E&P PORTFOLIO

DOMESTIC E&PDOMESTIC E&P
57 petroleum contracts in57 petroleum contracts in
effect:effect:
-- 42 exploration42 exploration
--15 development/production15 development/production
Cum oil production, MayCum oil production, May
2009:2009: 250 million tones250 million tones
of crude oil andof crude oil and 5050
billion mbillion m33
of gasof gas
Partnership with superPartnership with super
majors, majors, NOC andmajors, majors, NOC and
independent IOCindependent IOC

OUR COOPERATION IN VIETNAMOUR COOPERATION IN VIETNAM

SongHong
Nhóm bể
Hoàng sa
Nhóm bể Trường
Sa
PhuKhanh
Nam Côn Sơn
Cuu Long
M
alay-ThoChu
Tu Chinh-Vung May
DISCOVERED
Phu Khanh
0%
Tu Chinh-Vung May
0%
Cuu Long
1694.4 Tr.m3
59%
Nam Con Son
429.5 Tr.m3
15%
Malay-Tho Chu
407.3 Tr.m3
14%
Sông Hong
359.6 Tr.m3
12%

OIL & GAS FIELDS,
DISCOVERIES
10
3
10
7
10
8
10
9
10
4
10
5
11
2
11
4
11
5
11
6
118-
2
119-
2
11
7
118-
1
119-
1
CAM PU CHIA
TRUNG QUỐC
V
I
Ệ
T
N
A
M
12
0
12
1
12
3
12
4
12
5
12
6
12
7
12
8
12
9
13
0
13
1
13
2
13
3
13
4
13
5
WAB-
21
04-
2
0
3
04-
1
04-
315-
2
0
6 06-
1
0
7
0
8
15-
2
15-
115-
3 09-
2
16-
116-
2
09-
1
09-
3
1
0
11-
1
1
7
1
81
9
2
0
12(W
)
11-
2
12(E
)
1
31
4
2
1
2
2
2
32
4
2
5
2
6
2
7
2
9
2
8
3
0
31
3
2
3
3
3
4
3
53
6
37
3
8
3
940
4
1
4
2
4
3
4
4
4
5
52/9
7
48/95
(B)
15°
N
10°
N
105°
E
110°
E
Ron
g
Bach
Ho
Lan
DoLan
Tay
Dai
Hung
LÀO
THÁI LAN
N
10
2
10
6
20°
N
Tien
Hai
HANOI
BASI
N
Hainan
Isl.
05-
1A05-
3
Vietnam Claim
(1988)
Indonesia Claim
Cambodia Claim(1972)
Joint Historic
Waters
(1982
)
TP HO CHI MINH
HÀ NỘI
0 10
0
K
M
10
1
11
0
11
3
11
1
0
10
2
02/9
7
01/9
7
46/0
2
46
-
Cai
Nuoc
12
2
Block 06-1: LAN TÂY, LAN ĐỎ
Block 15-2: RẠNG ĐÔNG,
PHƯƠNG ĐÔNG
Blocks 05-2&05-3: HẢI THẠCH,
MỘC TINH
Block 11-2: RỒNG ĐÔI, RỒNG ĐÔI TÂY
Block 15-1: SƯ TỬ ĐEN, SƯ
TỬ VÀNG, SƯ TỬ TRẮNG, SƯ
TỬ NÂU
Block 15-2/01: HẢI SƯ ĐEN,
HẢI SỬ TRẮNG
Block 09-1: BẠCH HỔ, RỒNG
PM3-CAA/46-CÁI NƯỚC
Blocks 46/02: SÔNG ĐỐC, NĂM
CĂN, NGỌC HIỂN
Blocks B, 48/95, 52/97:
KIM LONG, ÁC QUỶ, CÁ VOI
TIỀN HẢI C
Block 05-1a: ĐẠI HÙNG
Blocks 102&106: THÁI BÌNH
Blocks 01&02/97: THĂNG
LONG, ĐÔNG ĐÔ
Block 01&02: RUBY, PEARL,
TOPAZ, DIAMOND
Block 12E&W: CHIM SÁO, DỪA
Block 09-3: ĐỒI MỒI
Block 16-1: TÊ GIÁC TRẮNG
Block 09-2: CÁ NGỪ VÀNG
Blocks 112&113: BÁO VÀNG
Blocks 103&107: HỒNG
LONG, BẠCH LONG
Block 07-03: CA RONG DO

INTERNATIONAL PROJECTS
Petrovietnam has been impletmenting and achieved successful outcomes in many overseas exploration and production
activities. PETROVIETNAM has taken part in 23 Exploration and Production project all over the world so far.

Petrovietnam Projects from 2010 – 2015: Upstream
• Keep sustainable annual reserve growth (25-30 millions
tons oil equivalent/year), 40.000 km 2D, 30.000 km2 3D and
drill 200 exploration-appraisal wells.
• Supply sufficient gas into NCS#1 and NCS#2 pipelines in
near future.
• Expand exploration and speed up appraisal in order to
develop gas clusters in northern Song Hong Basin.
• Exploration Test for stratigraphic traps in Cuu Long Basin.
• Sustain annual production of 30-35 millions tons oil
equivalent
• Start hydrocarbon system studies for onshore Pre-Tertiary
Basins.

EXPLORATION ACTIVITY OF VARIOUS PETROLEUM CONTRACTS
= Exploration Priorities

Oil under production
New oil discoveries
Gas under production
New gas discoveries
0
5
10
15
20
25
30
35
0
5
10
15
20
25
30
35
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Oil and Gas production target until 2015 (tons of oil equivalent)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

GAS
PETROVIETNAM has been carrying out a series of large scaled
and complex gas projects so as to meet gas demand of not only
electricity production but also chemicals, fertilizer, transportation,
construction material, and for the public consumption.
In the year of 2009, PETROVIETNAM provided 7,9 billion cubic
meters of dry gas; 67 thousands tons of Condensate; and nearly 260
thousand tons of LPG for the domestic consumption.

PETROVIETNAMPETROVIETNAM’’S GAS VALUE CHAINS GAS VALUE CHAIN
Ca Mau & O Mon
Complex
Malay Tho Chu Basin LPG Terminal
Dinh Co GPP
Cuu Long Basin
Nam Con Son Basin
LPG
CONDENSATE
PIPELINE GAS - CNG
Condensate Processing Plant
Power Plants
Fertilizer Plants
Industrial
Commercial
LPG Distributor
Industrial
Commercial

CAMBODIA
Ca Mau
Complex
Vietnam –
Malaysia CAA
O Mon
Hiep
Phuoc
Dinh Co
GPP
Cuu Long
Basin
Nam Con Son
Basin
Ma Lay Tho
Chu Basin
Bach Ho –Phu My
PL:
•Capacity: 2 bcmpa
•Length: 117 km
•PL Diameter: 16”
Nam Con Son PL:
•Length: 400 km
PM3-Ca Mau PL:
•Capacity: 2
bcmpa
•Length: 330 km
Block B – O Mon PL:
•Under Construction
•Operation in 2014
•Capacity: 7 bcmy
•Length: 400 km
•PL Diameter: 28-30”
Southeast-Southwest PL:
•Under FS
•Expected to operation in
2012
your life
PETROVIETNAMPETROVIETNAM’’ S GAS OFFSHORE PIPE LINESS GAS OFFSHORE PIPE LINES
Nam Con Son 2
PL:
•Length: 330 km
•Under FS

VUNGTAU
National Road
51A
GoDau
MyXuan
PhuMy
Phu My Power
Phu My FertilizerPhu MyGDC
BARIA
Dinh Co Gas Plant
Nhon Trach Power
Hiep Phuoc Power
Nhon Trach
Tan Thuan
OngKeo
Ba Ria Power
PETROVIETANMPETROVIETANM’’S GAS ONSHORE PIPELINESS GAS ONSHORE PIPELINES

LPG MARKET SHARELPG MARKET SHARE
100% PIPED GAS IN VIETNAM
SUPPLIED BY PETROVIETNAM
100% PIPED GAS IN VIETNAM
SUPPLIED BY PETROVIETNAM
THE DOMINANT ENTITY IN VIETNAM GAS MARKETTHE DOMINANT ENTITY IN VIETNAM GAS MARKET
PVGAS supplied gas to generate 40% of ElectricityPVGAS supplied gas to generate 40% of Electricity
output and 35% of Urea output of the nationoutput and 35% of Urea output of the nation

POWER GENERATED BY FUEL USED IN 2008POWER GENERATED BY FUEL USED IN 2008POWER GENERATED BY FUEL USED IN 2008
GAS TAKING A GROWING SHARE OF VIETNAMGAS TAKING A GROWING SHARE OF VIETNAM’’SS
ENERGY MIXENERGY MIX
• Natural gas is playing an in important role in Vietnam’s development
• Gas is a key fuel to support power generation growth
GAS SUPPLY FOR POWER GENERATIONGAS SUPPLY FOR POWER GENERATIONGAS SUPPLY FOR POWER GENERATION

STRONG GROWTH IN VIETNAMSTRONG GROWTH IN VIETNAM’’S GAS DEMANDS GAS DEMAND

VIETNAMVIETNAM’’S LNG IMPORT PROJECTS LNG IMPORT PROJECT -- OBJECTIVESOBJECTIVES
Objectives of the LNG import project:
•Enhance national energy security
•Diversify the country’s fuel mix
•Address the projected gas supply
shortfall
•Develop the gas market
Potential gas supply shortfall:
• Over 2 mmtpa in 2015 & about 5
mmtpa in 2020.
Vietnam Gas Supply Demand BalanceVietnam Gas Supply Demand BalanceVietnam Gas Supply Demand Balance

THE LNG IMPORT SCERARIOSTHE LNG IMPORT SCERARIOS
FSRU
Land Base Terminal Stable and continuous operation
Planned to start by 2015 for long
term contract
Import volume of 1 MMTPA &
expanded to 3-6 MMTPA by
2020/2025 based on gas market
development
Allow quick delivery to meet
domestic gas demand
Planned to start by 2012 for Fast-
track period.
LNG import volume is up to 1
MMTPA

POWER
To date, PETROVIETNAM has undertaken construction of 10 power projects with a total capacity of about 10
thousand MW. In addition to the Cau Mau Gas fired Power Plan No 1 and No2, Nhon Trach gas-fired Power Plan
No 1 (the total capacity of the three plants is 1950 MW) has been completed and put into operation.
PETROVIETNAM has also begun construction on the Vung Ang Coal Fired Power Plant No 1 and Hua Na Hydro
Power Plant, and is preparing to build the Thai Binh Coal- Fired Power Plant No 2 and Long Phu Coal- Fired
Power Plant No 1.
In order to meet the demand for electricity
and contribute to ensuring the energy security
of the country, PETROVIETNAM is stepping
up investment in the electricity sectors,
becoming the second largest electricity
producer in Vietnam, behind the Electricity of
Vietnam Group (EVN)

Projects on the Operation
Projects under Construction
Beside that, PETROVIETNAM
has participated in a number
of hydro-carbon power plant
including Hydro Carbon Nam
Chien. các dự án phong điện.
In the year of 2009,
PETROVIETNAM did provide
about 8.47 billion kWh for the
country network of electricty.
POWER

In 2009: Dung Quat Refinery- the first refinery in
Vietnam started its commercial production since
February, 2009 and contributing to increase the
income and benefit of PETROVIETNAM.
Oil and Gas processing activities, one of the core
businesses which plays an important parts for the
development of PETROVIETNAM, aim to raise the added
value of crude oil and gas production, to save foreign
currecy, to secure the national energy security, to
contribute to the Nation’s industrialisation and
modernisation, and to enhance the PETROVIETNAM’s
competitiveness in the world also.
REFINERY, PETROCHEMICAL AND BIO FUEL
Besides the operating plans such as Dung Quat Refinery,
DOP Plant, Phu My Fertiliser Plant, Condensate
Processing Plant, PETROVIETNAM has been actively
carrying out various projects of refinery, petrochemical
and bio-fuel as well as studying the upgrading and
expansion.

REFINERY – OPERATING PLANTS
DUNG QUAT OIL REFINERY
The first oil refinery in Quang Ngai Province with the Capacity of 6.5 million tons of material crude oil per year, was commercially
operated and produced first production in February 2009.
CONDENSATE PROCESSING PLANT
The Plant locates in Ba Ria Vung Tau Province with the Capacity of 130,000 tonnes of condensate per year, started operating in
2003. Its processing capacitty will be increased to 250,000 tons of condensate per year in the year 2011-2012.

REFINERY – PROJECTS UNDER CONSTRUCTION
NGHI SON REFINERY AND PETROCHEMICAL COMPLEX
Location: Nghi Son Economic Zone, Thanh Hoa Province
Capacity: 10 tonnes of crdue oil per year
Expectied Operation: 2014-2015
REFINERY NO. 3 (LONG SON REFINERY)
Location: Ba Ria- Vung Tau
Capacity: 10 tonnes of crdue oil per year
Expectied Operation: 2016-2020

PETROCHEMICAL - OPERATING PLANTS
DOP PLANT
Location: Dong Nai Province
Capacity: 30,000 tons of DOP per year
Operation: since 1997
PHU MY FERTILISER
Location: Ba Ria Vung Tau Province
Capacity: 740,000 tons of Urea per year
Operation: since 2004
PETROCHEMICAL - PROJECTS UNDER CONSTRUCTION
DUNG QUAT POLYPROPYLENNE PLANT
Location: Quang Ngai Province
Capacity: 150,000 tons of Polypropylenne per year
Expected Operation: 2010
CA MAU FERTILISER PLANT
Location: Ca Mau Province
Capacity: 800,000 tons of Urea per year
THE SOUTH PETROCHEMICAL COMPLEX
Location: Ba Ria Vung Tau Province
Capacity: 3 million of feedstock per year
Expected Operation : 2014
DINH VU POLYESTER FIBRE PLANT
Location: Hai Phong City
Capacity: 170,000 tons of fibre product per year
Expected Operation : 2011

BIO FUEL - PROJECTS UNDER CONSTRUCTION
PHU THO BIO-FUEL PLANT
Location: Phu Tho Province
Capacity: 100 million litres of ethanol product per year
Expected Operation: 2011-2012
QUANG NGAI BIO-FUEL PLANT
Location: Quang Ngai Province
Expected Operation: 2011-2012
BINH PHUOC BIO-FUEL PLANT
Location: Binh Phuoc Province

QUALITY, HEALTH, SAFETY AND ENVIRONMENT
POLICY OF PETROVIETNAM
PETROVIETNAM always pay much attention to
management activites ensuring Quality, Safety, Health,
Environment.
Safety – Health – Environment (SHE) are the first
responsibility and a component in production and
business management..
PETROVIETNAM shall apply all appropriate measures to
alleviate or mitigate risks to human life and health, or
causing damage to assets or the environment.

PLAN FOR GROWTH

OBJECTIVEOBJECTIVE
DualDual--Purpose DevelopmentPurpose Development
—— SustainablySustainably/profitably grow all along the petroleum/profitably grow all along the petroleum
value chain, domestically and internationally;value chain, domestically and internationally;
—— Ensure energy supply for national economicEnsure energy supply for national economic
developmentdevelopment

TARGETTARGET
NEW RESERVENEW RESERVE
(million ton of oil equivalent)(million ton of oil equivalent)
Period 2011Period 2011--20202020
–– DomesticDomestic 390390--470470
–– OverseasOverseas 150150--165165
TOTALTOTAL 540540--635635
PRODUCTIONPRODUCTION (million ton(million ton
of oil equivalent perof oil equivalent per year)year)
Period 2011Period 2011--20152015 Period 2016Period 2016--20202020
–– DomesticDomestic 2727--3939 3030--3333
–– OverseasOverseas 33--77 1010--1515
TOTALTOTAL 3030--4646 4040--5858

WAYS TO ACHIEVEWAYS TO ACHIEVE
Domestic:Domestic:
–– PromotePromote exploration inexploration in thethe continentialcontinential shelfshelf ofof Vietnam:Vietnam:
•• PartneringPartnering withwith currentcurrent andand newnew playersplayers; or; or
•• OperatingOperating withwith allall explorationexploration riskrisk..
–– MaintainMaintain//IncreaseIncrease production by:production by:
•• OptimizeOptimize productionproduction fromfrom currentcurrent fieldsfields
•• Put newPut new fieldsfields onstreamonstream soonestsoonest
•• ApplyApply enhancedenhanced recoveryrecovery methodsmethods
•• DevelopDevelop marginalmarginal fieldsfields,, gasgas withwith highhigh COCO22 contentcontent

WAYS TO ACHIEVEWAYS TO ACHIEVE
International:International:
–– ExpandExpand explorationexploration worldwideworldwide,, focusfocus onon RussianRussian,,,, SouthSouth
AmericaAmerica,, NorthNorth/Central/Central AfricaAfrica,, SouthestSouthest AsiaAsia,,
–– Put newPut new fieldsfields onstreamonstream..
–– AcquisitionAcquisition ofof producingproducing assetsassets

PETROVIETNAMPETROVIETNAM’’S PARTNERSHIPS PARTNERSHIP
One of our important strategic thinking is toOne of our important strategic thinking is to
collaborate with strategic partners in Vietnam andcollaborate with strategic partners in Vietnam and
world wideworld wide
Many oil and gas cooperation agreements signedMany oil and gas cooperation agreements signed
betweenbetween PetrovietnamPetrovietnam andand NOCsNOCs,, IOCsIOCs

CLOSING NOTESCLOSING NOTES

PetrovietnamPetrovietnam has achieved sustainable growth, primarily inhas achieved sustainable growth, primarily in
domestic oil and gas related businessdomestic oil and gas related business
International expansion as effective way to grow and ensureInternational expansion as effective way to grow and ensure
energy supply for national economic development.energy supply for national economic development.
Improving performance through enhancing its effectiveness andImproving performance through enhancing its effectiveness and
efficiency will leadefficiency will lead PetrovietnamPetrovietnam to become a competitiveto become a competitive
organization, in the region in the immediate future and worldwidorganization, in the region in the immediate future and worldwidee
in the longer runin the longer run
PetrovietnamPetrovietnam values its human resource as the most valuable assetvalues its human resource as the most valuable asset
of the group and as the key to future successof the group and as the key to future success
One of our important strategic thinking is to collaborate withOne of our important strategic thinking is to collaborate with
strategic partnersstrategic partners

PetrovietnamPetrovietnam’’ss Development Strategy in the futureDevelopment Strategy in the future
Promote Exploration and Production (Upstream) activities inPromote Exploration and Production (Upstream) activities in
VietnameseVietnamese’’s continental shelf;s continental shelf;
Develop refinery gas industry and petrochemical industry andDevelop refinery gas industry and petrochemical industry and
power industry;power industry;
Step by step expand petroleum activities overseasStep by step expand petroleum activities overseas

PETROVIETNAM, with these development strategies, desirePETROVIETNAM, with these development strategies, desire
and willing to cooperate with you, the National Oil Companiesand willing to cooperate with you, the National Oil Companies
and International Oil Companies, for the development and forand International Oil Companies, for the development and for
the sake of each parties and also contributing to the worldthe sake of each parties and also contributing to the world--
wide energy securitywide energy security

PETROVIETNAM’s policy is to strengthen
existing and establish new cooperation/alliance
with a view to create value for all parties

THANK YOUTHANK YOU
FOR YOUR ATTENTIONFOR YOUR ATTENTION !!

Dr phung dinh thuc's presentation slides from the 2010 World National Oil Companies Congress

Recomendados

Recomendados

Mais conteúdo relacionado

Mais procurados

Mais procurados (20)

Destaque

Destaque (20)

Semelhante a Dr phung dinh thuc's presentation slides from the 2010 World National Oil Companies Congress

Semelhante a Dr phung dinh thuc's presentation slides from the 2010 World National Oil Companies Congress (20)

Mais de oilandgas

Mais de oilandgas (20)

Último

Último (20)

Dr phung dinh thuc's presentation slides from the 2010 World National Oil Companies Congress