Vietnam Oil & Gas Report Q1 2013 - New Market Report Now Available
BMI View: Oil output will remain fairly steady over the next five years as production from new developments offsets declining volumes at the flagship Bach Ho field. We expect oil output to peak in 2013, at 370,640b/d, before declining rapidly to just 308,550b/d by 2021. Given that demand is set to rise in line with strong economic growth, Vietnam should become a growing importer of oil. New developments are set to boost long-term gas production to 12.2bcm by 2016, but...
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