OPPORTUNITIES FOR DEVELOPMENT OF NATURAL … · Long, Nam Con Son, Tu Chinh-Vung ... OPPORTUNITIES...
Transcript of OPPORTUNITIES FOR DEVELOPMENT OF NATURAL … · Long, Nam Con Son, Tu Chinh-Vung ... OPPORTUNITIES...
OPPORTUNITIES FOR DEVELOPMENT OF NATURAL
GAS IN VIETNAM
Presented by Nguyen Dang LieuVice PresidentPetroVietnam
Qatar – 2006
VIETNAM OIL AND GAS CORPORATION
ContentContent
OPPORTUNITIES FOR DEVELOPMENT OF OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM NATURAL GAS IN VIETNAM
Vietnam Vietnam –– Country OverviewCountry OverviewExploration Activities Exploration Activities Gas Industry in VietnamGas Industry in VietnamContactsContacts
VietnamVietnam –– General InformationGeneral Information
Official Name Socialist Republic of VietnamCapital HanoiArea 329,560 sq. kmClimate Tropical MonsoonPopulation 82 million (2004)Currency Dong (VND); 1USD~16,000
VNDOfficial Languages VietnameseGDP Growth Rate 8.4% (2005)Major Export Products
crude oil, rice, marine products, garments, coffee, coal, rubber, nuts
Major Import Products
petroleum products, tractors, tires, steel products, foodstuff, cotton
0
2
4
6
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1988 1990 1992 1994 1996 1998 2000 2002 2004
Năm
Sô
hôp đô
ng
Foreign investments: - 50 petroleum contracts
(PSC, JOC, BCC)- 27 contracts still valid- More than 7 billion USD
investment
Number of signed contracts/year Valid contracts
OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM EXPLORATION ACTIVITIESEXPLORATION ACTIVITIES
Exploration activities started in the early 1960s.From 1988-2004:• Seismic:
- 2D - more than 300,000 Km- 3D ~ 40,000 Km2
• More than 600 exploratory and production wells drilled
OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM EXPLORATION ACTIVITIESEXPLORATION ACTIVITIES
OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM EXPLORATION ACTIVITIESEXPLORATION ACTIVITIES
• 8 high potential hydrocarbon basinsdefined : Song Hong, Phu Khanh, Cuu Long, Nam Con Son, Tu Chinh-Vung May, Malay-Tho Chu and Truong Sa-Hoang Sa Basins.
• Major exploration targets- Fractured basement plays- Oligocene-Miocene clastic plays- Miocene carbonate plays
• Total potentials: 20,400 MMbbls OE• More than 70 discoveries found• Total oil and gas reserves: 5,700 MMbbls OE 0.1/4700
0/3150
0/5950
4.7/41002.8/1150
5.5/950
Total resourcesTotal resources in Vietnam Tertiary basins up to in Vietnam Tertiary basins up to 112/20052/2005
Gas reserves (TCF) / Potential (MMbbls)Gas reserves (TCF) / Potential (MMbbls)
OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM EXPLORATION ACTIVITIESEXPLORATION ACTIVITIES
3150
15504100
950
59504700
Song hong PhukhanhCuulong NamconsonMalay-Thochu Tuchinh-Vung May
• Total potentials: 20,400 MMbbls OE• More than 70 discoveries found• Total oil and gas reserves: 5,700 MMbbls OE
• Gas reserves: more than 13TCF0.1/4700
0/3150
0/5950
4.7/41002.8/1150
5.5/950
Total resourcesTotal resources in Vietnam Tertiary basins up to in Vietnam Tertiary basins up to 112/20052/2005
Gas reserves (TCF) / Potential (MMbbls)Gas reserves (TCF) / Potential (MMbbls)
GIIP Gas Reserve
TCF % TCF %
Song Hong 12.7 32.2% 0.1 0.7%
Cuu long 8.3 20.9% 2.8 21.7%
Nam Con Son 9.6 24.3% 4.7 35.7%
Malay-Tho chu 8.9 22.6% 5.5 41.8%
Total 39.4 100.0% 13.1 100.0%
Basin
OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM EXPLORATION ACTIVITIESEXPLORATION ACTIVITIES
• Gas produced from fields: Bach Ho, Rong, Rang Dong (Cuulong), Lan Tay (Nam Con Son), Bunga Kekwa - Cai Nuoc, Bunga Raya and Bunga Seroja (Malay)
• Current average gas production rate: 630 MMSCFD (17.8 MMSCMD)
• To the year 2010, the gas production of 650-1000 MMSCFD will be maintained
OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM Gas Industry: Gas Industry: Production HighlightsProduction Highlights
Year 1997 1998 1999 2000 2001 2002 2003 2004 2005
Production (BCF) 40 74 100 110 122 156 218 270 280
Oil and gas production 1989-2004 and prediction to 2010
4 2 3 2 2 4
18 24
40
74
100 11
0 122
156
218
270 28
0 300 32
0 340 35
0 370
8.5 10 15 20 25 28.5
30 31.5 36 45 54 56 67 75 81 89 95 10
2 110 11
8
121 12
7
0
50
100
150
200
250
300
350
400
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Year
Oil
(mm
bbls
) / G
as (B
CF) Gas BCF
Oil MMbbls
Increase gas production output from 280 BCF in the year 2005 to 400-:-450
BCF in 2010, 500-650 BCF in 2020.
Invest in 03 gas-used industrial regions:
Southeast region capacity 200-300 BCF /y
Southwest region capacity 150-250 BCF /y
SongHong delta – Thaibinh capacity 35-70 BCF /y
Put into operation of interconnection and regional/national gas pipeline
systems.
Develop of gas fields in Southern of SongHong basin which is highly CO2
content.
OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM Gas Industry: ObjectivesGas Industry: Objectives
OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM Gas InGas Industry: Gasdustry: Gas--based industry areasbased industry areas
Future gas complex
Available gas complex
Songhong complex
Nghison complex
Dungquat complex
Binh Thuan complex
Phumy complexOmon
complex
Camau complex
OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM Gas InGas Industry: Pipelinesdustry: Pipelines
PETRO
Hon dat
105+5 km
50-60 km
omon PHU My
• Rang Dong – White Tiger –Phu My Associated gas (off-shore 107km,Ø16”) with Capacity of 2 BCM/year (operation 1995).
• Nam Con Son Natural gas (off-shore 362km Ø 26”& on-shore38km Ø 30”) with Capacity of 7.5 BCM/year (operation 2003).
• Low-pressure gas supply network of Phu My- Thu Duc (phase 1 operation 2003).
OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM Gas InGas Industry: Pipelinesdustry: Pipelines
PETRO
Hon dat
105+5 km
50-60 km
omon PHU My
• PM-3 (CAA) – Camau (off-shore 332km, Ø18”), Capacity 2 BCM/year, Operation 2006.
• Unocal Blocks-Omon (off-shore 270km, on-shore 130 km, Ø24”), Capacity of 6 BCM/year, Operation 2008.
• Phu My – Ho Chi Minh City (on-shore 71km, Ø22”) Capacity of 2BCM/year, operation 2007.
Existing Power PlantExpected Power PlantFertilizer Plant
Existing PipelinePipeline Under ConstructionExpected Pipeline from Block B
18 inch
06-2
PETRO
CARIGALI
CARIG
Hon dat
500KV Electric-line
PM3_CAA 2,5/2 bcm/year
Block B 52/972-3,7 Bcm/year
West & Red Orchid2,1- 2,7 Bcm/year 2002
270 km
105+5 km
289+43 km
50-60 km
Designl capacity6-7 Bcm/year
omon
16 inch
107 km
26 inch
365 km
24-26 inch
PHU My
Designl capacity2 Bcm/year
OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM Gas InGas Industry: Dinh co dustry: Dinh co –– PhuMy complexPhuMy complex
• Dinh co LPG plant (100% Petrovietnam), capacity 300,000 ton /year (operation 1998).
• Phu My UREA plant (100% Petrovietnam), capacity 740,000 tons/year (operation Sep.2004).
• Phu My Power plants:• PM I• PM 2.1; PM 2.1 Extension; PM 2.2• PM 3• PM 4
Existing Power PlantExpected Power PlantFertilizer Plant
Existing PipelinePipeline Under ConstructionExpected Pipeline from Block B
18 inch
06-2
PETRO
CARIGALI
CARIG
Hon dat
500KV Electric-line
PM3_CAA 2,5/2 bcm/year
Block B 52/972-3,7 Bcm/year
West & Red Orchid2,1- 2,7 Bcm/year 2002
270 km
105+5 km
289+43 km
50-60 km
Designl capacity6-7 Bcm/year
omon
16 inch
107 km
26 inch
365 km
24-26 inch
PHU My
Designl capacity2 Bcm/year
OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM Gas InGas Industry: Camau Powerdustry: Camau Power--Fertilizer ComplexFertilizer Complex
Camau Power-Fertilizer Complex:
• Urea plant : 800,000 tons of urea /year486 MM USD(100% Petrovietnam)
• Power plant: 720 MW 380 MM USD(100% Petrovietnam)• Feedstock: Natural gas from PM3-CAA block. • Operation: End 2006.
Existing Power PlantExpected Power PlantFertilizer Plant
Existing PipelinePipeline Under ConstructionExpected Pipeline from Block B
18 inch
06-2
PETRO
CARIGALI
CARIG
Hon dat
500KV Electric-line
PM3_CAA 2,5/2 bcm/year
Block B 52/972-3,7 Bcm/year
West & Red Orchid2,1- 2,7 Bcm/year 2002
270 km
105+5 km
289+43 km
50-60 km
Designl capacity6-7 Bcm/year
omon
16 inch
107 km
26 inch
365 km
24-26 inch
PHU My
Designl capacity2 Bcm/year
OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM Gas InGas Industry: Omon planned Power Plantsdustry: Omon planned Power Plants
Omon Power Plants
• Omon Power plants: I & II• Capacity: 3000 MW• Feedstock: Natural gas from B&52/97 blocks. • Operation: End 2008.
The Government pays special attention to gas industry.Gas industry has an important role in the national strategy of socio-economic development and energy security. It is one of the leading industries in the industrialization and modernization of our country.The potential reserves of gas is much larger than the discovered reserves. The country is very promised in oil and gas resources with almost 50% of potential are under-exploredGas potential is large, but the fields are scattered, discovered reserves is at medium level and in some areas CO2 content is high.
OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM Gas InGas Industry: dustry: OPPORTUNITIES & CHALLENGESOPPORTUNITIES & CHALLENGES
In the coming year, energy demand will increase rapidly. By 2020, gas demand will accounts for 20% of the total energy demandGas market has been newly established and the number of customer is slowly developedThe legal and fiscal regime is flexible and competitive in comparison with regional countriesThe opportunities open for all companies of all sizesVietnam is considered one of the most safety countries to invest
OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM Gas InGas Industry: dustry: OPPORTUNITIES & CHALLENGESOPPORTUNITIES & CHALLENGES
Expanding exploration and development activities throughout the countryMaintain gas production from current fields and increase gas production from developing fields Developing infrastructure – gas market and pipelines; diversify gas market consumptionPromote the application of technologies using gas as raw materialsAttracting more foreign investment:
• Improving legal and administrative framework, offer more incentives for foreign investors
• Preference given to companies with long- term commitments to gas projects
OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM OPPORTUNITIES FOR DEVELOPMENT OF NATURAL GAS IN VIETNAM Gas InGas Industry: dustry: OPPORTUNITIES & CHALLENGESOPPORTUNITIES & CHALLENGES
Request for More InformationRequest for More Information
Dr. Tran CanhPresident and CEO
Mr. Nguyen Dang LieuVice President
VIETNAM OIL AND GAS CORPORATION (PETROVIETNAM)22 Ngo Quyen Street,Hoan Kiem District, Hanoi, Vietnam
Tel: (844) 825 2526Fax: (844) 826 5942Website: www.petrovietnam.com.vn
Thank you for your attention
Petrovietnam