VIETNAM OIL AND GAS GROUP

(PETROVIETNAM)
Petrovietnam - Overview

Vietnam National Oil and Gas Group, known internationally as Petrovietnam

(“PVN”), is a 100% state owned enterprise operating across the entire oil and gas
value chain

Established in 1977, PVN is now Vietnam’s largest economic group and a

substantial contributor to Vietnam’s State Budget and GDP annually

The Group has a quasi-monopoly in the oil and gas sector in the country, and is
also one of 7 strategically important SOEs in Vietnam

Mission
Contribute to ensure national energy security and, as a leading business group, help build
and develop Vietnam economy

Strategic Vision through 2025

Be a leading petroleum group in the region – a pride of Vietnam
Petrovietnam – Group structure
100%
Vietnamese
Government

Downstream
Upstream Business Trading Power Services
Business

PVEP BSR PV OIL PV Power PVComBank

100% 92.1% 80.5% 79.9% 52%

Vietsopetro PV Gas PVI

(51%) 95.8% 35%

Rusvietpetro PVFCCo PTSC

(49%) 59.6% 51.4%

Gazpromviet PVCFC PVD

(49%) 75.6% 50.5%

PSCs & JOCs NSRP PV Trans

with International 25.1% 51.0%
Oil Companies

Public Listed Subsidiaries Private Subsidiaries Associates & Joint Ventures

Petrovietnam – Key Business Segments
 PVN Group is the only local company with access to the country’s oil and gas reserves. PVN Group also acts as the sole
Exploration and local partner in PSCs, JOCs and JVs in Vietnam
Production  Petrovietnam Exploration Production Corporation (PVEP) is the upstream arm of PVN Group and conducts the core
business of exploration and production. Currently, PVEP is operating over 53 projects, 11 projects are overseas

 Binh Son Refining and Petrochemical Co. Ltd. (BSR) owns and operates Dung Quat Refinery, Vietnam’s first domestic
refinery which commenced operations in 2011. Total processing capacity of 6.5 million tons per year, meets over 30% of
Vietnam’s domestic demand for gasoline and oil
 Nghi Son Refinery and Petrochemical LLC (NSRP) is a Joint Venture between PVN (25%), Kuwait Petroleum Europe B.V.
Refining and
(35%) from Kuwait, and Idemitsu Kosan Co. Ltd. (35%) and Mitsui Chemical Inc. (5%) from Japan with total capacity of 10
Petrochemical
million tons per year. Total supply from BSR and NSRP is to meet ~80% of market demand
 PVN Group dominates the local urea fertilizer market with more than 80% market share. The Group operates 2 fertilizer
plants – Phu My Fertilizer Plant, operated by subsidiary PetroVietnam Fertilizer and Chemicals Corp (PVFCCo), and Ca
Mau Fertilizer Plant, operated by subsidiary PetroVietnam Ca Mau Fertilizer JSC (PVCFC)

 Petrovietnam Power Corp. (PV Power) is the second largest power producer in Vietnam, with development focus on gas
Power
power plants. PV Power currently manages 8 power plants, with combined capacity of over 4,000 MW, and contributes
Generation
around 13% of Vietnam’s total electricity output

 Petrovietnam Gas (PV Gas) is involved in gathering, transporting, storing, processing and distribution of gas and gas
products in Vietnam. PV Gas is the only company that engages in the gas pipeline business in Vietnam. PV Gas operates
Gas
Dinh Co and Ca Mau Gas processing plants, which meet 21% of domestic demand for LPG. PV Gas makes up 60% of
Vietnam’s wholesale market for liquified gas, and 22% of domestic retail market

 Petrovietnam Oil Corp. (PV OIL) is the sole unit of PVN developing the downstream section of the oil and gas industry,
Trading and especially in import/export, trading of crude oil, storing, marketing and distribution of oil products. PV OIL is the second
Distribution largest player in the petroleum distribution business in Vietnam, accounting for 20% - 22% of domestic market. In Laos, PV
OIL holds the second position with ~20% market share of retail business and 15% overall market share

 PVN Group is also involved in providing services to the oil and gas industries – Petrovietnam Technical Services Corp.
(PTSC) provides technical services such as EPC, FSO/FPSO, offshore support vessels, Petrovietnam Drilling and Well
Others
Services Corp. (PV Drilling) provides drilling and related services, Petrovietnam Transportation Corp (PV Trans)
provides local sea transportation services
Petrovietnam - Overview

Breakdown of FY 2017 Net Revenue by Group revenue (USD bil)

Key Segments

40

35
Others Exploration and
Financial Service 5% Production
30
2% 11%

25
Trade and
Distribution 20
27% Refinery and
PetChem 15
26%
Petroleum 10
Services
4%
Gas 5
Electricity
17%
8%
0
1

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
E&P – Core Business

Production 2006 - 2018

20

18

16

14

12

10

0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Crude Oil (mil ton) Natural Gas (bil m3)

2019 Production forecast

• Crude oil: 12.37 mil ton
• Nature gas: 9.69 bil m3

6
E&P: Vietnam Sedimentary Basins

8% 12%
15% 0.2%

65%

Song Hong Phu Khanh

Cuu Long Nam Con Son
Malay - Tho Chu

More than 60 valid petroleum contracts

TU CHINH
E&P: Projects/ Blocks calling for investment:

Area Name of block Owner Equity

Ownership
Offering
Blocks MVHN; MVHN-01KT, 02KT, 03KT PVN 80%
Song Hong Basin Blocks 102/10 & 106/10 PVEP 66%
Block 101 - 100/04 PVEP 40%
Phu Khanh Basin Blocks 148, 149 PVEP 60%
Onshore Mekong Delta Blocks DBSCL-01, 02, 03, 04 PVN 80%
Blocks 19 PVN 80%
Nam Con Son Basin Block 05-2/10 PVEP 20%
Block 10 & 11-1 PVEP 40%
Malay – Tho Chu – Phu Blocks 31, 32, 33, 34, 35, 36/03, 37, 38,
PVN 80%
Quoc Basin 41, 43, 44
Gas Industry - Pipeline System

Curent Gas pipeline systems:

• Cuu Long Basin gas pipeline system: 2
billion m3 of gas/year
• Nam Con Son gas pipeline system: 7
billion m3 of gas/year
• Ca Mau – PM3 gas pipeline system: 2
billion m3 of gas/ year
• Phu My – Nhon Trach gas pipeline
system: 2 billion m3 of gas/year
• Phu My – My Xuan – Go Dau low-
pressure gas pipeline system: 1 billion m3
of gas/year

Future key projects:

• Blue Whale (Ca Voi Xanh) gas field &
pipeline
• B-Block gas field & pipeline
• Nam Con Son 2 pipeline

PVGas revenue in 2018: USD 3.28 bil

Gas Industry – Projects & Investment Opportunities
Total
Company/Project Investment Investment PVN’s owner Cooperation
Curent Status
Name Form Capital (million equity/Owner Opportunity
USD)
Petrovietnam
Gas Joint Stock Seeking for strategic
Corporation Company Listed 832,130 PVN(96%) investors: Offer up to
(PVGAS) Stock 31% of owner equity
code: GAS
- Project Investment:
Offer up to 49% of
Son My LNG
Project Under study 1,350 PV Gas Equity ownership;
Terminal
- Equipment & Finance
Supply
B-Block pipeline PVN & PV Equipment & Finance
Project Under construction 1,118
system Gas Supply
Nam Con Son 2
Equipment & Finance
(phase 2) Project Prepare for construction 946 PV Gas
Supply
pipeline
Thi Vai LNG Equipment & Finance
Project Under construction 620 PV Gas
Terminal Supply
Su Tu Trang Equipment & Finance
Project Prepare for construction ~ 160 PV Gas
pipeline Supply
Sao Vang – Dai
Equipment & Finance
Nguyet pipeline Project Under study ~ 150 PV Gas
Supply
Refineries & Petrochemicals – Overview

Gasoline Production (Million ton)

8
Refinery:
7 • Dung Quat Refinery: capacity of 7 million tons of
6 crude/year
5
• The Condensate Processing Plant: capacity of
4 130,000 tons of condensate/year
3
• BSR revenue in 2018: USD 4.9 bil
2

0
2010 2011 2012 2013 2014 2015 2016 2017 2018

Urea Production (Thousand ton) Fertilizer & Petrochemical

1800 • Phu My Fertilizer Plant: capacity of 800,000 tons
1600 of urea/year
1400
1200
• Ca Mau Fertilizer Plant: capacity of 800,000 tons
of urea/year
1000
800 • Dung Quat Polypropylene: capacity of 150,000
600 tons of polypropylene products/year.
400
• PVFCCo revenue in 2018: USD 410 mil
200
0 • PVCFC revenue in 2018: USD 304 mil
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Refineries & Petrochemicals – Key projects

Nghi Son Refinery and

Petrochemical Complex

Dung Quat Refinery

Dung Quat Polypropylene Plant

Phu My Fertilizer Plant

Phu My Condensate
Processing Plant
Ca Mau Fertilizer Plant
Refineries & Petrochemicals – Projects & Investment Opportunities

Total
Investment
Capital/
Company/Project Investment Cooperation
Curent Status Charter Owner
Name Form Opportunity
Capital(million
USD)

Binhson Refining
Seeking for strategic
and Petrochemical
Company Under operation 1,400 PVN (92%) investors: Offer up to
Company (BSR)
49% of owner equity
Stock code: BSR
Dung Quat Refinery Equipment & Finance
Project Under Study 1,800 BSR
Expansion Supply
Petrovietnam
Camau Fertilizer Seeking for strategic
Joint Stock Company Under operation 252 PVN (75%) investors: Offer up to
Company (PVCFC) 24% of owner equity
Stock code: DCM
Petrovietnam
Fertilizer &
Chemicals Joint PVN (61%) Offer up to 10% of
Company Under operation 171
Stock Company owner equity
(PVFCCo)
Stock code: DPM
Power Generation - Overview
Power Production (Bil Kwh)
25

20

15

10

0
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

PVPower: the second biggest power generator in Vietnam; contribute to ~ 12% of

national grid.
PVPower revenue in 2018: ~ USD 1.44 bil
Current ownership structure: PVN (80%), others (20%) -> PVN offers 28% of
ownership
Stock code: POW
Power Generation – Major Plants
• 7 major operating power plants with total capacity ~ 4,200 MW
Projects Owner Capacity
1 Ca Mau Gas-fired Power Plant No.1 PVPower100% 750 MW
2 Ca Mau Gas-fired Power Plant No.2 PVPower100% 750 MW

3 Nhon Trach Gas-fired Power Plant No.1 PVPower 100% 450 MW

4 Nhon Trach Gas-fired Power Plant No.2 PVPower 65% 750 MW

5 Hua Na Hydro PVPower 82% 180 MW
6 Dakring Hydro PVPower 93% 125 MW
7 Vung Ang No.1 Coal-Fired PVN 100% 1,200 MW
Existing Power Plants

• 3 major on-going power plants with total capacity: 3,600 MW

Ongoing Power Plants
Projects Capacity COD
1 Thai Binh No.2 Coal-Fired 1,200 MW 2018
Future Plants
2 Song Hau No.1 Coal-Fired 1,200 MW 2019

3 Long Phu No.1 Coal-Fired 1,200 MW 2019

• Future plan: 6,750 MW – Looking for partners

Projects Capacity COD
1 Nhon Trach 3&4 Gas-fired Power Plant 1,500 MW 2020

2 Mien Trung 1&2 Gas-fired Power Plant 1,500 MW 2023

3 Son My 2 Gas-fired Power Plant 2,250 MW 2023

4 Kien Giang 1&2 Gas-fired Power Plant 1,500 MW 2021

Power Generation– Projects & Investment Opportunities

Total
Investment
Capital/
Company/Project Investment Cooperation
Curent Status Charter Owner
Name Form Opportunity
Capital(million
USD)

Petrovietnam Power
Seeking for strategic
Corporation
Company Listed 1,100 PVN (80%) investors: Offer up to
(PVPower)
28% of owner equity
Stock code: POW
Petroleum Professional & Technical Services - Overview

Logistics &
technical support
Materials &
equipments
G&G studies, trading
FPSO, FSO
supply

Crude oil & 2018 service revenue

petroleum Operation &
products trading US$ 8.65 billion maintenance

Transportation, storage, Designs,

distribution of petroleum products constructions,
installation
Petroleum Professional & Technical Services – Projects &
Opportunities
PVN’s owner
Project Name Service & Cooperation Opportunity Note
equity
Petrovietnam Oil Corporation (PV Crude oil & petroleum products PVN is seeking for strategic
trading;
Oil) PVN (79.8%) investors, offer up to 44.7%
Distribution of petroleum products
Stock code: OIL of owner equity
Petrovietnam Drilling & Well
Drilling & Well Services PVN (51%)
Services Corporation (PV Drilling)
FPSO, FSO supply
Petrovietnam Technical Services
Logistics & technical support PVN (51%)
Corporation (PTSC) Designs, constructions, installation
Petrovietnam Transportation Transportation, storage of petroleum PVN is seeking for strategic
Corporation (PVTrans) products PVN (51%) investors, offer up to 15% of
Stock code: PVT owner equity
Petrovietnam Insurance PVN is seeking for strategic
Corporation (PVI) Finance - Insurance Service PVN (35%) investors, offer up to 35% of
Stock code: PVI owner equity
Petrovietnam Construction Joint PVN is seeking for strategic
Designs, constructions, installation
Stock Corporation (PVC) PVN (55%) investors, offer up to 55% of
Stock code: PVX owner equity
Distribution & trading PVN is seeking for strategic
Petrovietnam General Service Joint
Supply chain services PVN (25%) investors, offer up to 25% of
Stock Corporation (Petrosetco)
owner equity
Thank you Contact Detail:
Corporate Planning Division, Vietnam Oil & Gas Group
(Petrovietnam)
for your attention!
Address: 18 Lang Ha Street, Ba Dinh, Hanoi, Vietnam
Tel: (84-4) 38252526
Fax: (84-4) 38265942
Website: http://english.pvn.vn