Vietnam

Number 34
Vietnam

EIA has Vietnam at 340, 353, 403 - 2002 thru 2004 C+C table 22. No NGLs, other liquids, or RPGs, so the differences in numbers are differences in count. Let's bring in the EIA's STEO numbers. 390, 370, 400, 480. That's 2005 thru 2008. OK, now let's bring in EIA's CAB for an explanation...

It appears that Vietnam should be increasing its capacity in the next two to three years to at least 500,000 barrels per day.

More on Vietnam later. Do these numbers actually indicate CERA is calling a peak on a country 2 years previous?

The EIA's latest Short Term Energy Outlook shows Vietnam's capacity rising to 480,000 bpd in 2008.

The EIA also has a decent summary of Vietnam in its country analysis briefs. Rising domestic consumption and a lack of domestic refining capacity are two highlights.

http://www.eia.doe.gov/emeu/cabs/Vietnam/Oil.html

Rigzone has several images of Vietnam's basins and exploration blocks.

Check out Vietnam's production rate. Look at the official reserve numbers. Does this make any sense? Vietnam has more than 600 million barrels or something ain't right.