越南石油天然氣：市場佔有率分析、產業趨勢與統計、成長預測（2026-2031年）

預計到 2026 年，越南石油和天然氣市場規模將達到 39.4 億美元，高於 2025 年的 37.5 億美元。

預計到 2031 年將達到 50.4 億美元，2026 年至 2031 年的複合年成長率為 5.05%。

這項成長軌跡源自於越南在國內天然氣產量下降的情況下，為保障能源安全而採取的策略性舉措，以及在第八個國家電力發展計畫下加速推進液化天然氣（LNG）發電投資。以儲量超過1700億立方公尺的BO Mon區塊開發為代表的大規模上游投資，與不斷擴大的進口合作夥伴關係相輔相成，確保了新建燃氣電廠的燃料柔軟性。成功的海上探勘、更深層的儲存目標以及國內鑽機製造技術的進步，都進一步增強了資本投資動能。同時，下游數位化、更嚴格的ESG（環境、社會和治理）監管以及外商直接投資（FDI）園區內工業天然氣基本客群的不斷成長，正在提升中下游現金流，並引導營運商轉向利潤豐厚的維護和檢修服務。這些因素共同作用，推動了以資產最佳化而非單純新增產能為中心的中期發展機會。

越南油氣市場趨勢與洞察

基於PDP-8的LNG發電推廣

越南第八個電力發展計畫（PDP-8）規定，2030年，液化天然氣（LNG）發電裝置容量將達22,524兆瓦，約佔全國總發電量的10%。自2013年以來，越南國內天然氣產量以每年約5%的速度下降，但天然氣需求預計將從2020年的130億立方公尺增加到2030年的340億立方公尺以上。新增供給能力，例如2025年3月將Thi Vai終端的日處理能力擴建至700萬立方米，正在為此轉型提供支援。 PV Gas和Excelerate Energy已簽署合作備忘錄，將從2026年起向越南供應美國液化天然氣，這將加強越南首個完全一體化LNG發電項目－非卡車機組3號和4號機組的原料多元化。這些開創性的措施確立了液化天然氣作為電力產業脫碳基礎的地位。

國內產量下降推動了探勘與生產支出。

隨著白虎油田和白虎油田等成熟油田面臨水位上升和壓力下降的困境，營運商正在探勘新的儲存以穩定國內供應。墨菲石油公司決定在2025年前投資1.1億美元（佔其全球預算的9%），用於鑽探拉克達旺油田並評估海蘇旺油田。在海蘇旺油田，1X井在兩個儲存中實現了370英尺的淨產量。越南石油公司提前20天完成了大雄三期項目，展現了其在國內加快加密井計劃以應對產量下降的能力。計劃在15-1/05區塊和15-2/17區塊進行的股權轉讓旨在透過將產量分成條款與成熟的服務基礎設施相結合，吸引更多風險資本。這些項目將近期現金流分配給高效益油井，同時透過提高採收率延長油田壽命。

成熟油田和高額的水裂解成本

像白虎油田這樣的歷史性高產量油田目前含水率高達80%以上，導致分離和加工成本上升，利潤空間受到擠壓。雖然技術進步已將自升式鑽井平台的維修週期縮短至五天，但儲存衰減仍在持續，導致產量下降和退役責任增加。資本密集的增產技術僅能部分彌補產量下降，凸顯了進行新探勘的必要性。

細分市場分析

預計到2025年，上游油氣業務將佔越南油氣市場的74.25%，並在2031年之前保持5.38%的年均成長率，這主要得益於BO Mon區塊和墨菲石油公司Lac Da Vang項目等深水計劃的投資。投資的激增將促使越南進行評估鑽井，目標是開採超過1億桶油當量（boe）的可採儲量，從而鞏固越南在油氣探勘和生產領域的主導地位。 White Tiger油田和Dai Hung三期專案的持續儲存管理，體現了從一次採油技術向二次採油技術的過渡，這將延長油田壽命並維持課稅產量。

中游海底管線和液化天然氣接收設施將海上油氣源與都市區需求中心連接起來，而位於宜山和榕桔的下游煉油廠正將閒置產能從每年650萬噸提高到近750萬噸。利用數位雙胞胎和人工智慧進行產量最佳化，降低了能源消耗，減少了不合格產品的數量，從而提高了每桶利潤，儘管2020年《環境保護法》收緊了環境法規。

其他福利：

• Excel格式的市場預測（ME）表
• 3個月的分析師支持

目錄

第1章 引言

• 研究假設和市場定義
• 調查範圍

第2章調查方法

第3章執行摘要

第4章 市場情勢

• 市場概覽
• 市場促進因素
  • 基於PDP-8的LNG發電推廣
  • 國內產量下降推動探勘和開發投資
  • 外商直接投資園區內燃氣發電產業的發展
  • B區塊和藍鯨鑽井平台數量激增
  • 燃油零售快速數位化（PVOIL Easy）
  • 美越液化天然氣供應夥伴關係
• 市場限制
  • 成熟油田和高額的水裂解成本
  • 液化天然氣電力價格上限
  • 產品分成合約（PSC）和液化天然氣（LNG）接收站核准延誤
  • 南海地緣政治風險
• 供應鏈分析
• 監管環境
• 技術展望
• 原油產量和消費量預測
• 天然氣生產與消費預測
• 已安裝管道容量分析
• 非傳統資源資本支出展望（緻密油、油砂、深水）
• 波特五力模型
  • 新進入者的威脅
  • 供應商的議價能力
  • 買方的議價能力
  • 替代品的威脅
  • 競爭對手之間的競爭
• PESTEL 分析

第5章 市場規模與成長預測

• 按行業
  • 上游部門
  • 中游產業
  • 下游產業
• 按地區
  • 陸上
  • 離岸
• 透過服務
  • 建造
  • 維護和檢修
  • 退休

第6章 競爭情勢

• 市場集中度
• 策略性舉措（併購、夥伴關係、購電協議）
• 市場佔有率分析（主要企業的市場排名和佔有率）
• 公司簡介
  • Vietnam Oil & Gas Group（PetroVietnam）
  • Petrolimex Group
  • PetroVietnam Gas（JSC）
  • Binh Son Refining & Petrochemical（BSR）
  • PetroVietnam Oil（PVOIL）
  • PetroVietnam Power（PV Power）
  • PetroVietnam Exploration & Production（PVEP）
  • PetroVietnam Drilling（PVD）
  • PetroVietnam Technical Services（PTSC）
  • PetroVietnam Transportation（PV Trans）
  • ExxonMobil Corp.
  • TotalEnergies SE
  • Chevron Corp.
  • Idemitsu Kosan Co. Ltd
  • Mitsui Oil Exploration
  • Excelerate Energy Inc.
  • Jadestone Energy plc
  • Rosneft PJSC
  • Japan Drilling Co. Ltd
  • KS Energy Services Ltd

第7章 市場機會與未來展望

Vietnam Oil And Gas Market size in 2026 is estimated at USD 3.94 billion, growing from 2025 value of USD 3.75 billion with 2031 projections showing USD 5.04 billion, growing at 5.05% CAGR over 2026-2031.

This trajectory is rooted in Vietnam's deliberate shift toward energy security as domestic production declines and LNG-to-power investment accelerates under the National Power Development Plan VIII. Substantial upstream commitments-exemplified by the Block B - O Mon development with recoverable gas exceeding 170 billion m3-harmonize with rising import alliances that secure fuel flexibility for new gas-fired generation. Offshore exploration success, deeper reservoir targets, and indigenous rig fabrication collectively reinforce capital expenditure momentum. At the same time, downstream digitalization, stricter ESG rules, and a widening industrial gas customer base in foreign direct investment (FDI) parks are expanding mid- and downstream cash flows while nudging operators toward higher-margin maintenance and turnaround services. Together, these forces cultivate a medium-term opportunity set centered on asset optimization rather than pure greenfield capacity.

Vietnam Oil And Gas Market Trends and Insights

LNG-to-Power Push Under PDP-8

Vietnam's Power Development Plan VIII stipulates 22,524 MW of LNG-fired capacity by 2030, equal to roughly 10% of the national fleet.VN. Domestic gas output has been declining at a rate of approximately 5% annually since 2013, yet gas demand is forecast to increase from 13 billion m3 in 2020 to exceed 34 billion m3 by 2030. Capacity additions such as the Thi Vai terminal expansion to 7 million m3 per day in March 2025 underpin that pivot. PV Gas and Excelerate Energy have signed supply memoranda that lock in U.S. cargoes from 2026, bolstering feedstock diversity for Nhon Trach 3 and 4-the country's first fully integrated LNG-to-power chain. Together, these milestones embed LNG as a cornerstone of power-sector decarbonization.

Declining Domestic Output Spurs E&P Spend

Mature fields, such as Bach Ho and White Tiger, face rising water cuts and falling pressure, prompting operators to explore new reservoirs to stabilize the national supply. Murphy Oil committed USD 110 million for 2025-9% of its global budget-to drill Lac Da Vang and appraise Hai Su Vang, where the 1X well logged 370 ft of net pay over two reservoirs. PetroVietnam delivered Dai Hung Phase 3 twenty days ahead of schedule, demonstrating its domestic capacity to fast-track infill plans that counteract decline. Upcoming farm-outs in Blocks 15-1/05 and 15-2/17 aim to attract more risk capital by pairing production sharing terms with proven service infrastructure. Together, these programs allocate near-term cash flow to high-impact wells while extending field life through enhanced recovery.

Mature Fields & High Water-Cut Costs

Historic producers like Bach Ho now record water-cut levels above 80%, inflating separation expenses and squeezing margins. Engineering tweaks have trimmed jack-up repair cycles to five days, yet reservoir decline continues to erode volumes and elevate decommissioning liabilities. Capital-intensive enhanced recovery only partially offsets drop-offs, underscoring the need for new exploration.

Other drivers and restraints analyzed in the detailed report include:

1. Gas-Fired Industrial Growth in FDI Parks
2. Surge in Rigs for Block B & Blue Whale
3. Price-Capped LNG-Power Tariffs

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

The upstream segment accounted for 74.25% of Vietnam's oil and gas market in 2025 and is forecast to compound at a 5.38% CAGR to 2031, driven by deepwater spending on projects such as Block B - O Mon and Murphy Oil's Lac Da Vang program. This spending surge underwrites appraisal drilling that targets recoverable volumes exceeding 100 million barrels of oil equivalent (boe) and consolidates Vietnam's lead in the oil and gas market for exploration and production. Ongoing reservoir management at White Tiger and Phase 3 of Dai Hung exemplify the shift from primary recovery to secondary techniques, which prolong field life and sustain taxable output.

While midstream subsea pipelines and LNG reception facilities link offshore flows to urban demand centers, downstream refiners at Nghi Son and Dung Quat add capacity headroom from 6.5 million t/y to nearly 7.5 million t/y. Digital twins and AI-driven yield optimization reduce energy intensity and curtail off-spec volumes, thereby increasing profit per barrel despite stricter environmental regulations under the 2020 Environmental Protection Law.

The Vietnam Oil and Gas Market Report is Segmented by Sector (Upstream, Midstream, and Downstream), Location (Onshore and Offshore), and Service (Construction, Maintenance and Turn-Around, and Decommissioning). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

List of Companies Covered in this Report:

1. Vietnam Oil & Gas Group (PetroVietnam)
2. Petrolimex Group
3. PetroVietnam Gas (JSC)
4. Binh Son Refining & Petrochemical (BSR)
5. PetroVietnam Oil (PVOIL)
6. PetroVietnam Power (PV Power)
7. PetroVietnam Exploration & Production (PVEP)
8. PetroVietnam Drilling (PVD)
9. PetroVietnam Technical Services (PTSC)
10. PetroVietnam Transportation (PV Trans)
11. ExxonMobil Corp.
12. TotalEnergies SE
13. Chevron Corp.
14. Idemitsu Kosan Co. Ltd
15. Mitsui Oil Exploration
16. Excelerate Energy Inc.
17. Jadestone Energy plc
18. Rosneft PJSC
19. Japan Drilling Co. Ltd
20. KS Energy Services Ltd

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 LNG-to-Power Push Under PDP-8
  • 4.2.2 Declining Domestic Output Spurs E&P Spend
  • 4.2.3 Gas-Fired Industrial Growth in FDI Parks
  • 4.2.4 Surge in Rigs for Block B & Blue Whale
  • 4.2.5 Rapid Fuel-Retail Digitisation (PVOIL Easy)
  • 4.2.6 U.S.-Vietnam LNG Supply Alliances
• 4.3 Market Restraints
  • 4.3.1 Mature Fields & High Water-Cut Costs
  • 4.3.2 Price-Capped LNG-Power Tariffs
  • 4.3.3 Slow PSC & LNG Terminal Approvals
  • 4.3.4 South China Sea Geopolitical Risk
• 4.4 Supply-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Crude-Oil Production & Consumption Outlook
• 4.8 Natural-Gas Production & Consumption Outlook
• 4.9 Installed Pipeline Capacity Analysis
• 4.10 Unconventional Resources CAPEX Outlook (tight oil, oil sands, deep-water)
• 4.11 Porter's Five Forces
  • 4.11.1 Threat of New Entrants
  • 4.11.2 Bargaining Power of Suppliers
  • 4.11.3 Bargaining Power of Buyers
  • 4.11.4 Threat of Substitutes
  • 4.11.5 Competitive Rivalry
• 4.12 PESTLE Analysis

5 Market Size & Growth Forecasts

• 5.1 By Sector
  • 5.1.1 Upstream
  • 5.1.2 Midstream
  • 5.1.3 Downstream
• 5.2 By Location
  • 5.2.1 Onshore
  • 5.2.2 Offshore
• 5.3 By Service
  • 5.3.1 Construction
  • 5.3.2 Maintenance and Turn-around
  • 5.3.3 Decommissioning

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves (M&A, Partnerships, PPAs)
• 6.3 Market Share Analysis (Market Rank/Share for key companies)
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
  • 6.4.1 Vietnam Oil & Gas Group (PetroVietnam)
  • 6.4.2 Petrolimex Group
  • 6.4.3 PetroVietnam Gas (JSC)
  • 6.4.4 Binh Son Refining & Petrochemical (BSR)
  • 6.4.5 PetroVietnam Oil (PVOIL)
  • 6.4.6 PetroVietnam Power (PV Power)
  • 6.4.7 PetroVietnam Exploration & Production (PVEP)
  • 6.4.8 PetroVietnam Drilling (PVD)
  • 6.4.9 PetroVietnam Technical Services (PTSC)
  • 6.4.10 PetroVietnam Transportation (PV Trans)
  • 6.4.11 ExxonMobil Corp.
  • 6.4.12 TotalEnergies SE
  • 6.4.13 Chevron Corp.
  • 6.4.14 Idemitsu Kosan Co. Ltd
  • 6.4.15 Mitsui Oil Exploration
  • 6.4.16 Excelerate Energy Inc.
  • 6.4.17 Jadestone Energy plc
  • 6.4.18 Rosneft PJSC
  • 6.4.19 Japan Drilling Co. Ltd
  • 6.4.20 KS Energy Services Ltd

7 Market Opportunities & Future Outlook

• 7.1 White-Space & Unmet-Need Assessment