Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Vietnam Oil and Gas Upstream Market Size

The Vietnam oil and gas upstream market is projected to grow at a CAGR of 4.2% between 2024 and 2032.

 

Vietnam Oil and Gas Upstream Market Report Summary Description Value
Base Year XX 2023
Historical Period XX 2018-2023
Forecast Period XX 2024-2032
Market Size 2023 XX XX
Market Size 2032 XX XX
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 4.2%
CAGR 2024-2032 - Market by Region Southeast 4.7%
CAGR 2024-2032 - Market by Region Mekong River Delta 4.5%
CAGR 2024-2032 - Market by Location of Deployment Offshore 4.6%
CAGR 2024-2032 - Market by Product Crude Oil 4.7%
Market Share by Region Southeast 26.0%

 

Vietnam Oil and Gas Upstream Market Outlook

  • In March 2024, the Vietnam Block B project—an integrated development project including an upstream gas field and a pipeline connecting the gas field to a network of gas-fired thermal power plants—saw the investment of Mitsui Oil Exploration Co., Ltd. (MOECO) and its business partners.
  • In November 2023, Petronas signed a Memorandum of Cooperation (MoC) with Vietnam Oil and Gas Group (PetroVietnam) to explore potential collaboration opportunities in the upstream, downstream, renewable energy, and gas sectors in Vietnam.
  • In August 2023, ‘Harbour Energy’ entered into Sale and Purchase Agreements to sell its business in Vietnam to Big Energy Joint Stock Company and took exit from the country with USD 84 million sale of offshore assets.

 

Vietnam Oil and Gas Upstream Market Report Snapshots

Vietnam Oil and Gas Upstream Market Size

Vietnam Oil and Gas Upstream Market Growth

Vietnam Oil and Gas Upstream Market Share

Vietnam Oil and Gas Upstream Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market will presumably grow at a CAGR of 4.2% in the forecast period of 2025 and 2034.

The rising crude oil prices, support from the government as well as increasing energy demand in the country are the major drivers of the market.

The key trends of the market include focus on emissions reduction and rise in domestic oil and gas consumption.

Based on location of deployment, the market is divided into onshore and offshore.

Major regions include Southeast, Red River Delta, Mekong River Delta, South Central Coast, and others.

The key players in the market are Exxon Mobil Corp., Eni S.p.A, Eneos Holdings Inc., Saipem S.p.A, Japan Drilling Co., Ltd., Jadestone Energy Plc, Essar Oil and Gas Exploration and Production Limited, Vietnam Oil and Gas Group (PetroVietnam), and others.

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63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

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+84-865-399-124

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