Ho Chi Minh City, Vietnam (PRWEB) October 24, 2008
Oil & Gas companies have been striking it big in Vietnam over the course of the past decade. Vietnam has boosted their exploration activities and allowed greater foreign company involvement in the oil and gas industry. Extensive market reforms have also made Vietnam a lucrative place to invest in.
For the past 11 years, the Vietnam Oil Gas and Power conference series, under the patronage of Petro Vietnam, has been tracking the exciting growth of the Vietnamese oil and gas industry and the power sector, outlining the successes of various projects, policy updates and investment opportunities to key oil and gas industry and power executives in Asia and around the world.
This year, the 11th Vietnam Oil Gas and Power tracks the robust growth of the Vietnamese oil and gas industry and power sector and its impact on the Vietnamese economy with the most successful ventures sharing project updates at the summit.
A key highlight at the conference is Talisman Vietnam Ltd's exploration success in the Cuu Long Basin. The project recently made headlines when they announced a SECOND oil discovery in their designated oil and gas block.
Paul Atkinson, Vice President of Talisman Vietnam Limited, will provide insights on the Miocene and Oligocene Clastic reservoirs in Block 15/2/01 and the oil exploration and appraisal program tailored to create an efficient development of the block as a production hub.
He summed up the Investment potential in Vietnam when he said, "Talisman regards Vietnam as a prime area of oil exploration potential, and with a focus on building a good relationship and efficient partnership with Petro Vietnam, Talisman intends to build a strong production position, while at the same time providing energy for Vietnam's economic growth."
Speaking about their success in gas exploration in Vietnam, Chevron Vietnam's president Hank C. Tomlinson will discuss Chevron's move to capitalise on the power sector by taking more equity stake in the integrated gas development project, a first for Chevron in Vietnam.
Mr. Tomlinson remarked that, "The project should produce more than 500 million cubic feet a day of gas at full production, and will cost $4.3 billion, including the offshore part and the pipeline to the power complex,"
11th VOGP also features Sumitomo. Speaking on the direction that should be adopted by Vietnam to secure her future power needs is Mr. Tom Watters, General Manager of Summit Sunrise Energy Co. Ltd, a Sumitomo Corporation owned subsidiary based in Thailand, which is currently managing Sumitomo's power projects in the Mekong basin.
Mr. Watters will touch on issues including ICB, Direct Negotiation, Securing Fuel Supplies for power generation, EPC challenges and the challenges and current reality of transmission and distribution channels in Vietnam.
With over 18 key speakers, the 11th Vietnam OGP summit guarantees timely updates on the following key Issues dominating the Vietnamese energy sector including:
- Updates from Petro Vietnam on Latest E&P blocks availability and gas to petrochemicals projects
- Proposed amendments in the Petroleum Law and its impact on existing operations and contracts
- Expansion of PV Trans into Vietnam's leading petroleum transportation corporation, and impact on logistics scene in Vietnam
- Updates on Dong Quat Refinery Plant, Nghi Son Refinery & Petrochemical Complex and Southern Refinery- Focus on impact on exports and shift in market balance.
- Upcoming Opportunities in Vietnam's Coal Seam Gas vis-à-vis the regional CBM projects.
- Update for investors on diversification of EVN and expansion of EVN's transmission & distribution network
- Opportunities in Vietnam's Decentralized generation model and shift to cogeneration
- Combating Vietnam's power deficit with Biomass, upcoming opportunities
... Plus Many More
11th Vietnam Oil Gas and Power, supported by PetroVietnam, is set to become the most critical summit for those seeking an inside view on the opportunities in Vietnam's growing oil and gas industry and power market.
Participants can expect to meet key oil & gas industry executives from the region, as well as government officials, energy consultants, additives and catalysts company representatives, project financiers, storage & terminal companies, EPC companies and Legal Counselors.
Registration is already open for those seeking to confirm their participation early. Register online at http://www.cmtevents.com/Register.aspx?ev=081266&