September 2013
PETROVIETNAM The Partner of Choice
Vietnam Oil & Gas Group Website: http://english.pvn.vn Outline
Petrovietnam - Overview
Exploration & Production
Gas Industry
Refining & Petrochemical
Power Generation
Professional &Technical Services Petrovietnam - Overview
Vision & Mission Mission Contribute to ensuring 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 - Overview
Position Petrovietnam owns exclusive rights in exploitation & ownership of Vietnam’s petroleum reserves PVN Revenue: 2012: ~ USD 37 billion First half of 2013: ~ USD 18 billion
2008-2012: Revenue & Total Asset (USD billion) 40,00
35,00
30,00
25,00
20,00 Revenue Total Asset 15,00
10,00
5,00
0,00 2008 2009 2010 2011 2012 Petrovietnam - Main business segments
Refining & Gas Industry Petrochemical
Exploration & Production
Professional & Power Generation Technical Services E&P – Core Business
Reserves: 1.4 – 2.6 billion m3 (oil equivalent) by end of 2012
Oil Reserves Nature Gas Reserves 800 700 700 600 600 500 500 400 400 300 300 200 200 100 100 0 0 Discovery (Mn m3) Production (Mn m3) Discovery (Mn m3) Production (Mn m3)
Until 2020: Expect to increase reserves by 40-50 million m3 (oil equivalent) annually including: • Dosmetic: 30-35 million m3 / year • Oversea: 10-15 million m3 / year E&P – Core Business
Production & Forecast 2006 - 2012: Production 20
15
10 Crude Oil (Mm ton) Natural Gas (B m3) 5
0 2006 2007 2008 2009 2010 2011 2012
2013 - 2020: Forecast 30
25
20
15 Crude Oil (Mn ton) Natural Gas (B m3) 10
5
0 2013 2014 2015 2016 2017 2018 2019 2020 E&P: Vietnam Sedimentary Basins
8% 12% 15% 0.2%
65%
Song Hong Phu Khanh Cuu Long Nam Con Son Malay - Tho Chu
Valid petroleum contracts: 61
TU CHINH E&P: Oversea activities
21 Oversea petroleum contracts in 15 countries and territories Total oversea productions reach 50 million tons by 2020 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, 20 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, 47/01 Malaysia Block SK 305 PVEP 30% Uzbekistan Block Kossor PVEP 40% Laos Block Champasak & Saravan PVEP 40% Cambodia Block XV PVEP 50% Gas Industry - Overview
Total production reached 91 billion m3 up to 6/2013
Gas Pipeline Systems Capacity: • 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 Gas Industry - Pipeline System & Production 2025 14 - 19 bcm/y
2015 9.2 - 14 bcm/y
2010 6 - 9.2 bcm/y
2005
1.5 - 5.6 bcm/y
1995 Gas Industry - Project calling[1] Newly set-up company for investment:
Total Equity Investment Project Name Owner Location Ownership Capital Offering (million USD) LNG Son My PV Gas Binh Thuan 1,350 49%
•Key business activities: import and export LNG •Location: Son My 1 industrial zone, Binh Thuan province •Capacity:
Phase Time of operation Capacity Phase 1a 2018 1.8 mtpa Phase 1b Before 2020 3.6 mtpa Phase 2 2023 6.0 mtpa Phase 3 2026 ÷2030 9.6 mtpa Refineries & Petrochemicals – Overview
Gasoline Production (Million ton) 7 Refinery: 6
5 • Dung Quat Refinery : capacity of 6.5 million tons of crude a year 4 The Condensate Processing Plant: capacity of 3 130,000 tons of condensate a year 2
1
0 2010 2011 2012 Petrochemical and Bio-fuel : • Phu My Fertilizer Plant: capacity of 800,000 Urea Production (Thousand ton) tons of urea 1600 • Ca Mau Fertilizer Plant: capacity of 800,000 1400 tons of urea 1200 1000 • Dung Quat Polypropylene: capacity of 800 150,000 tons of polypropylene products a year. 600 • Dinh Vu Polyester Fiber Plant: capacity of 400 170,000 tons of fiber a year 200 • Quang Ngai Bio-fuel Plant capacity of 80,000 0 2008 2009 2010 2011 2012 tons of ethanol a year Refineries & Petrochemicals – Key projects
In Operation Under construction
Phu Tho Bio-Ethanol Plant Dinh Vu Polyester Plant
Dung Quat Refinery Nghi Son Refinery and Petrochemical Complex Dung Quat Polypropylene Plant Quang Ngai Bio-Ethanol Plant
Binh Phuoc Bio-Ethanol Plant
Southern Petrochemical Phu My Fertilizer Plant Complex (Ba Ria – Vung Phu My Condensate Tau) Processing Plant 3rd Refinery (Ba Ria – Vung Ca Mau Fertilizer Plant Tau) Refineries & Petrochemicals – Projects calling for investment
Investment Equity Capital / Charter No. Project Name Owner Location Ownership Capital (million Offering USD) Binh Son Refining & Quang Ngai 1 Petrochemical Company PVN 1,700 25% Province Ltd Petrovietnam Camau Ca Mau 2 PVN 153 49% Fertilizer Company Ltd Province Petrovietnam PVN, PVFCCo, 3 Petrochemical & Textile Vinatex, Phong Hai Phong City 100 81% Fiber JSC. (PVTex) Phu Corp. Cai Mep Condensate 4 PV Oil Vung Tau 197 49% Processing Plant PetroVietnam Bio-fuels 5 PV Oil Phu Tho 20 39% JSC. 6 Orient Bio-fuels JSC. PV Oil Binh Phuoc 31 29% Vietnam Centre Bio-fuels PV Oil, BSR, 7 Quang Ngai 21 100% JSC Petrosetco Power Generation - Overview
12 major power plants ~ 10,000 MW 4 major completed plants ~ 2,700 MW 12% national grid, target 20-25% by 2015
12%
PVN EVN Others
~ 9 billion kWh supplied in first half of 2013 (~ 60 billion kWh up to 30/6/2013) Power Generation - Plants
• 4 major operating power plants with total capacity: 2,700MW
Projects Owner Capacity
1 Ca Mau Gas-fired Power Plant No.1 PVN 100% 750 MW
Thai Binh 2 Ca Mau Gas-fired Power Plant No.2 PVN 100% 750 MW
Hua Na 3 Nhon Trach Gas-fired Power Plant No.1 PVN 100% 450 MW
4 Nhon Trach Gas-fired Power Plant No.2 PVN 65% 750 MW Vung Ang Quang Trach • 8 on-going power plants with total capacity: 6,362MW
Projects Capacity COD Dakdrinh 1 Vung Ang No.1 Coal-Fired 1,200MW 2014 2 Quang Trach No.1 Coal-Fired 1,200MW 2018
Existing Power Plant 3 Thai Binh No.2 Coal-Fired 1,200MW 2016
4 Long Phu No.1 Coal-Fired 1,200MW 2016 Under Construction Power Plants 5 Song Hau No.1 Coal-Fired 1,200MW 2017
Nhon Trach 2 Nhon Trach 1 6 Hua Na Hydro 180MW 2013
Song Hau Ho Chi Minh 7 Dakring Hydro 125MW 2013
Ca Mau 1 Long Phu 8 Hoa Thang Wind Farm 49.5MW 2015 Ca Mau 2 Power Generation - Projects calling for investment
Total Equity Investment No. Project Name Owner Location Ownership Capital Offering (million USD) Nhon Trach 1 Gas-fired Power 1 PVPower Dong NaiProvince 322 49% Plant PV Power; 2 Hua Na Hydro Power Plant Nghe An Province 288 52% Lilama, BIDV, MB PV Power, BIDV, 3 DakDrinh Hydro Power Plant Licogi, SongDa Quang Ngai Province 238 63% Group Vung Ang 1 Coal-fired Power 4 PVN Ha TinhProvince 1,595 49% Plant Thai Binh 2 Coal-fired Power 5 PVN Thai Binh Province 1,656 49% Plant Long Phu 1 Coal-fired Power 6 PVN Soc Trang Province 1,595 49% Plant Song Hau 1 Coal-fired Power 7 PVN HauGiang Province 1,633 49% Plant Quang Trach 1 Coal-fired 8 PVN Quang Binh Province 1,695 49% Power Plant Hoa Thang 1 Wind Power 9 PVPower Binh Thuan Province 83 49% Plant Professional & Technical Services - Overview
Logistics & technical support Materials & equipments G&G studies, trading FPSO, FSO supply
Crude oil & 2012 service revenue: petroleum Operation & products trading US$11.7 billion maintenance
Transportation, storage, Designs, distribution of petroleum products constructions, installation Professional & Technical Services - Projects calling for investment
Investment Equity Capital / No. Project Name Owner Location Ownership Charter Capital Offering (million USD)
PVN, PVFC, Petrovietnam Transportation 1 ACB, Others Ho Chi Minh 110 21.8% Corporation
2 Petrovietnam Construction JSC PVN, Others Ha Noi 190 18.5%
PVN,PVI, 3 Petrovietnam Energy Technology JSC Ho chi Minh 24 5% Others PVN, Sonadezi Petrovietnam Phuoc An Port 4 Corp Dong Nai 21 49% Investment & Operation JSC
PVN 5 Dung Quat shipbuiding company Ltd Quang Ngai 176 64%
6 Ocean Bank PVN Hanoi 190 20%
7 Lai Vu Company industrial park. PVN Hung Yen 28 100%
8 SoaiRap petroleum industrial park PVC Tien Giang 74 100% Contact Detail: Thank you Investment & Development Division for your attention! Vietnam Oil & Gas Group (Petrovietnam) Address: 18 Lang Ha Street, Ba Dinh, Hanoi, Vietnam Tel: (84-4) 38252526 Fax: (84-4) 38265942 Website: http://english.pvn.vn , http://english.pvn.vn/invest