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Picture of the country

Vietnam

In 2016, our presence in Vietnam has focused on the Upstream business.
 

Net surface area
of mineral rights

73,383

km2


Net production

5,490

barrels of oil
equivalent per day


Net proved reserves

4.2

million barrels of oil
equivalent per day

Upstream

As of December 31st, 2016, we owned mineral rights to seven blocks in Vietnam: five exploration blocks with a net surface area of 73,231 km2 and two production/development blocks with a net surface area of 152 km2.

In 2016 net production totaled 1.8 Mbbl of liquids and 1.3 bscf of natural gas, with an equivalent total net production of 2.0 Mboe (5,490 boe/d). Net proved reserves of liquids and natural gas at year-end were estimated at 4.2 Mboe.

Milestones

  • In 2016, progress was made in the final detail definition phase of the Development Plan for the major exploration find of Ca Rong Do (CRD) and marketing of the gas produced. The CRD find is in marine block 07/03, where Repsol holds an ownership interest of 46.75%. As early as January 2015 the shareholders of block 07/03, together with PetroVietnam, approved the development plan for the CRD find and the declaration of commercial viability was completed in July. The final investment decision (FID) to develop and put this major find into production is expected to be taken in the first six months of 2017.

 

Get the latest information on Repsol's presence in Vietnam

Information on net production, net proved reserves, and mineral rights as of December 31st, 2016