Publications

Survey of Energy Resources 2007

Crude Oil and Natural Gas Liquids Country Notes

Vietnam

Proved recoverable reserves (crude oil and NGLs, million tonnes)	413
Production (crude oil and NGLs, million tonnes, 2005)	19.1
R/P ratio (years)	21.7
Year of first commercial production	1986

During the first half of the 1980s oil was discovered offshore in three fields (Bach Ho, Rong and Dai Hung), and further discoveries have since been made. For the present Survey, proved recoverable reserves (3 100 million barrels) have been derived from BP's latest published assessment (Statistical Review of World Energy, 2006). World Oil shows 1 345 million barrels, whilst a third source (Oil & Gas Journal) continues to quote a level of only 600 million barrels, which would imply an unrealistically low R/P ratio of 4.2. Production of crude oil (averaging 34o API) began in 1986 and rose steadily until 2004, but fell by about 8% the following year. At present all output is exported.