Vietnam produced 716.30 thousand tons of crude oil in December, up 1.77 percent from 703.81 thousand tons in November, according to the latest data from the National Statistics Office.
Year to date output reached 8,172.12 thousand tons by the end of December.
Listed crude oil companies
Key Crude oil firms listed on the Vietnam stock exchange include:
Binh Son Refining and Petrochemical JSC
Binh Son Refining and Petrochemical JSC (BSR) operates the Dung Quat Refinery and engages in refining crude oil and producing petroleum products.
BSR closed at VND 20,950 on Tuesday up 1.35 percent with 466,640,000 shares traded, worth VND 949,514 million.
Foreign ownership in BSR is currently capped at 79.1 percent, with current foreign ownership sitting at 2.1 percent.
PetroVietnam Transportation JSC
PetroVietnam Transportation JSC (PVT) operates a fleet transporting crude oil, petroleum, and chemicals across Vietnam and internationally.
PVT closed at VND 21,050 on Tuesday up 1.35 percent with 69,127,000 shares traded, worth VND 141,073 million.
Foreign ownership in PVT is currently capped at 49.0 percent, with current foreign ownership sitting at 10.7 percent.
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Vietnam crude oil industry news
New oil well
Murphy Oil Corporation said its subsidiary successfully drilled the Hai Su Vang-2X appraisal well offshore Vietnam, a discovery analysts say could be Southeast Asia’s largest oil find in 20 years.
The well in Block 15-2/17 encountered 429 feet of oil across two reservoirs and tested at 6,000 barrels per day of 37 degree API crude, according to the company.
Analysts Wood Mackenzie said recoverable resources are now estimated toward the upper end of a previously announced 170 to 430 million barrels of oil equivalent range.
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Vietnam’s crude oil industry
Vietnam’s crude oil industry is centred on offshore production in the southern continental shelf, with output primarily serving export markets and domestic refining needs in Vietnam.
Production has gradually declined as mature fields age, prompting a policy focus on enhanced recovery, new exploration and maximising value through downstream processing.