Vietnam Oil and Gas Market Growth, Size, Trends, Revenue, Share, Demand and Future Competition

Vietnam Oil and Gas Market Size- By Sector- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Vietnam Oil and Gas Market Size- By Sector- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Sep 2023 Report ID: POAE2360 Pages: 1 - 106 Formats*:     
Category : Power & Energy
Vietnam Oil and Gas Market Introduction and Overview 

According to SPER Market Research, the Vietnam Oil and Gas Market is estimated to reach USD XX billion by 2033 with a CAGR of 3.7%.

The report includes an in-depth analysis of the Vietnam Oil and Gas Market, including market size and trends, product mix, Plantations, and supplier analysis. Oil and natural gas make up a significant portion of the energy industry and are the main fuel source for the entire world economy. The oil and gas industry is distinguished by its upstream market's unpredictability and volatility, the midstream market's numerous operational limitations, and the downstream market's consolidation of activities. However, there are a tonne of opportunities in the industry, particularly in the sustainability sector.

  • November 2021: The Ca Voi Xanh (Blue Whale) gas production project, which is off the coast of central Vietnam, attracted ExxonMobil's investment. The business is working on the project's development plan and is prepared with the FEED document. The field's reserves are thought to be over 150 billion cubic metres. Within the predicted time frame, construction is anticipated to begin.
  • April 2021: The exploration and production business Pharos, based in the UK, has made plans to begin the exploratory phase in Block 125 of the Phu Khanh basin, Vietnam. Two parts of the block are anticipated to be investigated by the corporation. One billion barrels (bbl) of crude oil are predicted to be present in the first location, which is deep water. The second sector has between 100 and 200 million barrels of oil in shallow water.
Vietnam Oil and Gas Market
Market Opportunities and Challenges

The strong demand for fuel (especially diesel, naphtha, and LPG) on the domestic market as well as the high demand for Vietnam's sweet crude on the domestic and international markets are the main drivers of the country's oil and gas sector. The oil and gas market is also anticipated to benefit from the rising demand for natural gas in the power and fertiliser sectors. However, the oil and gas sector must deal with issues of operational safety and regulatory compliance while navigating fluctuations in global oil prices and market volatility, all of which present challenges to the industry's sustainable growth and development in Vietnam. Additionally, the oil and gas sector must address issues of operational safety and regulatory compliance while navigating fluctuations in global oil prices and market volatility.

Vietnam Oil and Gas Market


Market Competitive Landscape
The market exhibits a moderate level of fragmentation, with several major players, including Eni SpA, Essar Oil and Gas Exploration and Production Ltd., ExxonMobil Corporation, Idemitsu Kosan Co. Ltd., Jadestone Energy PLC, Japan Drilling Co. Ltd., KS Energy Services Ltd., Mitsui Chemicals Inc., NK Rosneft' PAO, Vietnam Oil and Gas Group (Petrovietnam), Others. 

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Sector
 Regions coveredEast Vietnam, North Vietnam, South Vietnam, West Vietnam
 Companies CoveredEni SpA, Essar Oil and Gas Exploration and Production Ltd., ExxonMobil Corporation, Idemitsu Kosan Co. Ltd., Jadestone Energy PLC, Japan Drilling Co. Ltd., KS Energy Services Ltd., Mitsui Chemicals Inc., NK Rosneft' PAO, Vietnam Oil and Gas Group (Petrovietnam), Others
COVID-19 Impact on Vietnam Oil and Gas Market
Oil demand fell on both the domestic and international markets as a result of the Covid-19 outbreak, which had a huge impact on the oil and gas industry. Because of the drastic reduction, the refining companies were forced to lower their output. The country's oil export revenues and the success of oil and gas enterprises were impacted by the abrupt and drastic reduction in global oil demand and the considerable drop in oil prices. The implementation of projects and exploration activities were also delayed as a result of disruptions in supply chains, travel restrictions, and lockdowns. However, the Vietnamese government took action to lessen the effect, implementing stimulus plans and lenient rules. The Vietnam Oil and Gas market is anticipated to pick up steam as the world economy gradually improves, although continued uncertainty in the world oil market continues to be a problem for the sector.

Key Target Audience
  • Energy and Petrochemical Corporations
  • Energy Consultants and Advisors
  • Energy Consumers
  • Environmental and Conservation Organizations
  • Oil and Gas Companies
  • Safety and Health Authorities
  • Technology and Innovation Centers
  • Others
Our in-depth analysis of the Vietnam Oil and Gas Market includes the following segments:
By Sector:
  • Downstream
  • Midstream
  • Upstream
  • Key Topics Covered in the Report
    • Vietnam Oil and Gas Market Size (FY’2023-FY’2033)
    • Overview of Vietnam Oil and Gas Market
    • Segmentation of Vietnam Oil and Gas Market By Sector (Downstream, Midstream, Upstream)
    • Statistical Snap of Vietnam Oil and Gas Market
    • Expansion Analysis of Vietnam Oil and Gas Market
    • Problems and Obstacles in Vietnam Oil and Gas Market
    • Competitive Landscape in the Vietnam Oil and Gas Market
    • Impact of COVID-19 and Demonetization on Vietnam Oil and Gas Market
    • Details on Current Investment in Vietnam Oil and Gas Market
    • Competitive Analysis of Vietnam Oil and Gas Market
    • Prominent Players in the Vietnam Oil and Gas Market
    • SWOT Analysis of Vietnam Oil and Gas Market
    • Vietnam Oil and Gas Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Vietnam Oil and Gas Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Vietnam Oil and Gas Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Oil and Gas Market

    7. Vietnam Oil and Gas Market, By Sector (USD Million)
    7.1. Vietnam Oil and Gas Market Value Share and Forecast, By Sector, 2023-2033
    7.2. Downstream
    7.3. Midstream
    7.4. Upstream

    8. Vietnam Oil and Gas Market Forecast, 2019-2033 (USD Million)
    8.1. Vietnam Oil and Gas Market Size and Market Share

    9. Vietnam Oil and Gas Market, By Sector, 2019-2033 (USD Million)
    9.1. Vietnam Oil and Gas Market Size and Market Share By Sector (2019-2026)
    9.2. Vietnam Oil and Gas Market Size and Market Share By Sector (2027-2033)

    10. Vietnam Oil and Gas Market, By Region, 2019-2033 (USD Million)
    10.1. Vietnam Oil and Gas Market Size and Market Share By Region (2019-2026)
    10.2. Vietnam Oil and Gas Market Size and Market Share By Region (2027-2033)
    10.3. East Vietnam
    10.4. North Vietnam
    10.5. South Vietnam
    10.6. West Vietnam

    11. Company Profile
    11.1. Eni SpA
    11.1.1. Company details
    11.1.2. Financial outlook
    11.1.3. Product summary 
    11.1.4. Recent developments
    11.2. Essar Oil and Gas Exploration and Production Ltd.
    11.2.1. Company details
    11.2.2. Financial outlook
    11.2.3. Product summary 
    11.2.4. Recent developments
    11.3. ExxonMobil Corporation
    11.3.1. Company details
    11.3.2. Financial outlook
    11.3.3. Product summary 
    11.3.4. Recent developments
    11.4. Idemitsu Kosan Co. Ltd.
    11.4.1. Company details
    11.4.2. Financial outlook
    11.4.3. Product summary 
    11.4.4. Recent developments
    11.5. Jadestone Energy PLC
    11.5.1. Company details
    11.5.2. Financial outlook
    11.5.3. Product summary 
    11.5.4. Recent developments
    11.6. Japan Drilling Co. Ltd.
    11.6.1. Company details
    11.6.2. Financial outlook
    11.6.3. Product summary 
    11.6.4. Recent developments
    11.7. KS Energy Services Ltd.
    11.7.1. Company details
    11.7.2. Financial outlook
    11.7.3. Product summary 
    11.7.4. Recent developments
    11.8. Mitsui Chemicals Inc.
    11.8.1. Company details
    11.8.2. Financial outlook
    11.8.3. Product summary 
    11.8.4. Recent developments
    11.9. NK Rosneft' PAO
    11.9.1. Company details
    11.9.2. Financial outlook
    11.9.3. Product summary 
    11.9.4. Recent developments
    11.10. Vietnam Oil and Gas Group (Petrovietnam)
    11.10.1. Company details
    11.10.2. Financial outlook
    11.10.3. Product summary 
    11.10.4. Recent developments
    11.11. Others
     
    12. List of Abbreviations

    13. Reference Links

    14. Conclusion

    15. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Vietnam Oil and Gas Market is projected to reach USD XX billion by 2033, growing at a CAGR of 3.7% during the forecast period.
    Vietnam Oil and Gas Market grew in market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 3.7% during the forecast period.
    Vietnam Oil and Gas Market Segment is covered By Sector.
    Vietnam Oil and Gas Market CAGR of 3.7% during the forecast period.
    You can get the sample pages by clicking the link - Click Here
    Vietnam Oil and Gas Market size is USD XX billion from 2023 to 2033.
    The Asia-Pacific is anticipated to have the highest market share in the Vietnam Oil and Gas Market.
    The key players in the market include Companies Covered Eni SpA, Essar Oil and Gas Exploration and Production Ltd., ExxonMobil Corporation, Idemitsu Kosan Co. Ltd., Jadestone Energy PLC, Japan Drilling Co. Ltd., KS Energy Services Ltd., Mitsui Chemicals Inc., NK Rosneft' PAO, Vietnam Oil and Gas Group (Petrovietnam), Others.
    The oil and gas industry is distinguished by its upstream market's unpredictability and volatility, the midstream market's numerous operational limitations, and the downstream market's consolidation of activities.
    Not able to find what you are looking for? Need customization in the existing report?
    Click Here

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