越南上游油氣市場：市場佔有率分析、產業趨勢與統計及成長預測（2026-2031年）

據 Mordor Intelligence 稱，越南上游油氣市場在 2025 年的價值為 28.2 億美元，預計到 2031 年將從 2026 年的 29.8 億美元成長到 39.1 億美元，在預測期（2026-2031 年）內的複合年成長率為 5.57%。

本報告按部署地點（陸上和海上）、資源類型（石油和天然氣）、油井類型（常規和非常規）以及服務（探勘、開發和生產以及退役）進行細分。市場規模和預測均以美元計價。

越南上游油氣市場的趨勢與洞察

原油價格上漲

布蘭特原油價格穩定在每桶70美元以上，支撐了成熟海上油田的重新開發，這些油田曾因高昂的開採成本而受阻。營運商目前正在批准儲存油藏的強化採油（EOR）試點項目，這為長距離側鑽提供了理論依據，從而在無需新建待開發區設施的情況下提高產量。越南石油集團（PetroVietnam）增加2025年前的投資表明，其對這些項目的經濟可行性重拾信心，但僅靠價格支撐無法彌補地質資源的枯竭。因此，越南上游油氣市場需要依賴成本控制和技術應用來維持獲利能力。

國內發電天然氣需求增加

電力消耗量正以每年8%的速度成長，政府政策規定在2030年至2040年間逐步淘汰燃煤電廠，以確保海上天然氣市場的穩定。 100/2025號法令強制要求發電商簽訂長期合約採購國內天然氣，以穩定上游投資者的現金流。 「綠河」（Ca Voi Xanh）等綜合項目正是這一轉變的象徵，該項目將3吉瓦的發電裝置容量與專用海底供應網路結合，從而降低了對液化天然氣進口的依賴。因此，越南的上游油氣市場與下游電力戰略的連結日益緊密。

複雜的授權程序和官僚作風

涉及多個機構的核准程序可能使最終投資決策的時間延長一年以上，導致獲利能力的專案間接成本增加。高昂的合規成本給越南上游油氣市場的中小型企業帶來了沉重負擔，一些企業因此推遲專案或尋求合作夥伴分擔監管合規成本。

細分市場分析

預計到2025年，77.25%的收入將來自海上開發，並且預計到2031年將保持5.84%的複合年成長率，凸顯其在越南上游油氣市場的核心地位。剩餘的蘊藏量大部分位於南公山和九龍海域，水深50至200米，需要更先進的鑽井鑽機、海底回接裝置和浮體式加工設施。使用軸向振動工具鑽探的最長水平段長達3公里，顯示技術創新可以克服地質堅硬的挑戰。

成長的關鍵在於連接陸上電廠的綜合天然氣樞紐，其獲利模式並非取決於波動的商品價格，而是基於「第一石油」項目的產能支付。 「第一石油」計畫的大雄三期提前投產，日產量達到6000桶，體現了專案管理的成熟度，並凸顯了共用基礎設施模式在控制單位成本方面的有效性。然而，勞動力短缺和天氣原因導致的停工正在影響專案的進度，越南整個上游油氣產業都需要製定完善的緊急時應對計畫。

受城市擴張和成熟油田產量下降的限制，陸上油田雖然產量不高但保持穩定，但新增資本流入有限。營運商傾向於採用低成本的維修和水氣交替注入的方式來維持產量。然而，與海上油田相比，陸上油田的潛在加值空間仍微乎其微。因此，越南上游油氣市場的價值創造將繼續依賴海上油田的優異表現。

預計到2025年，天然氣將佔越南上游油氣收入的59.65%，並以6.02%的複合年成長率成長，鞏固其在越南上游油氣市場的主導地位。隨著南攸/烏明縣B區塊Ca Voi Xanh氣田產量的擴大，預計產量將從2025年的80億立方公尺增加到2034年的200億立方公尺以上。該天然氣銷售協議包含8,000萬立方英尺/日的照付不議條款，確保了可預測的現金流，並有利於企劃案融資。

原油作為煉油廠的原料仍然至關重要，但由於儲存枯竭和新發現有限，其產量正在逐步下降。天然氣開發產生的冷凝油為石化產業提供高價值的石腦油，部分抵消了原油產量的下降。在越南上游油氣產業，能夠統籌從海底油井到電廠燃燒器整個天然氣價值鏈的業者越來越受到青睞。

其他好處：

• 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 市場狀況

• 市場概覽
• 市場促進因素
  • 原油價格上漲
  • 國內發電天然氣需求增加
  • PSC的新許可範圍
  • 數位地下成像技術簡介
  • 小規模天然氣田獎勵
  • 出口信貸機構為深海計畫提供資金
• 市場限制因素
  • 複雜的授權程序和官僚作風
  • 南海領土爭端
  • 海外熟練勞工短缺
  • ESG相關資金籌措限制
• 供應鏈分析
• 監理情勢
• 技術展望
• 原油產量和消費量預測
• 天然氣生產與消費預測
• 非傳統資源（緻密油、油砂、深海油氣）資本投資預測
• 波特五力模型
• PESTLE分析

第5章 市場規模與成長預測

• 按部署位置
  • 陸上
  • 離岸
• 按資源類型
  • 原油
  • 天然氣
• 按井類型
  • 傳統的
  • 傳統型
• 按服務
  • 探勘
  • 開發與生產
  • 退休

第6章 競爭情勢

• 市場集中度
• 策略趨勢（併購、聯盟、購電協議）
• 市場佔有率分析（主要公司的市場排名和佔有率）
• 公司簡介
  • Vietnam Oil & Gas Group（PetroVietnam）
  • ExxonMobil Corp.
  • Japan Drilling Co. Ltd
  • Jadestone Energy plc
  • Saipem SpA
  • Eni SpA
  • Essar Oil & Gas E&P Ltd
  • ONGC Videsh Ltd
  • PTTEP
  • TotalEnergies SE
  • Rosneft Oil Co.
  • Idemitsu Kosan Co.
  • Repsol SA
  • Murphy Oil Corp.
  • KrisEnergy Ltd
  • Petronas Carigali
  • Soco International
  • CNOOC Ltd
  • Sinopec（Addax Petroleum）
  • PV Gas

第7章 市場機會與未來展望

According to Mordor Intelligence, the Vietnam oil and gas upstream market size was valued at USD 2.82 billion in 2025 and estimated to grow from USD 2.98 billion in 2026 to reach USD 3.91 billion by 2031, at a CAGR of 5.57% during the forecast period (2026-2031).

This report is Segmented by Location of Deployment (Onshore and Offshore), Resource Type (Crude Oil and Natural Gas), Well Type (Conventional and Unconventional), and Service (Exploration, Development and Production, and Decommissioning). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

Vietnam Oil And Gas Upstream Market Trends and Insights

Increasing Crude Oil Prices

Brent stability above USD 70 per barrel underpins the redevelopment of mature offshore fields, once hampered by high lifting costs. Operators now sanction enhanced-oil-recovery pilots in fractured reservoirs and justify long-reach sidetracks that increase incremental output without requiring new green-field infrastructure. PetroVietnam's 2025 investment surge underscores renewed confidence in project economics, yet price support alone cannot counterbalance geological depletion. The Vietnam oil and gas upstream market, therefore, relies on both cost discipline and technology adoption to sustain margins.

Rising Domestic Gas Demand for Power

Electricity consumption is growing at an annual rate of 8%, and government policy mandates the retirement of coal between 2030 and 2040, creating an assured outlet for offshore gas. Decree 100/2025 compels power developers to source domestic gas under long-term contracts, stabilizing cash flows for upstream investors. Integrated projects, such as Ca Voi Xanh, exemplify the shift, pairing 3 GW of capacity with dedicated subsea supply and reducing LNG import exposure. The Vietnam oil and gas upstream market, therefore, aligns increasingly with downstream power strategies.

Complex Permitting and Bureaucracy

Multi-agency approvals can stretch final-investment-decision timelines by more than a year, inflating overhead on marginal prospects. High compliance costs weigh heavily on smaller operators in the Vietnam oil and gas upstream market, prompting some to defer projects or seek alliances that share regulatory engagement burdens.

Other drivers and restraints analyzed in the detailed report include:

1. New PSC Licensing Rounds
2. Digital Subsurface Imaging Adoption
3. South China Sea Territorial Disputes

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

Segment Analysis

Offshore developments generated 77.25% of 2025 revenue and are expected to post a 5.84% CAGR through 2031, underscoring their centrality to the Vietnam oil and gas upstream market. The depths of 50-200 meters in Nam Con Son and Cuu Long host the bulk of the remaining reserves, requiring higher-specification rigs, subsea tie-backs, and floating processing units. Record 3-km horizontal sections drilled with axial-oscillation tools demonstrate how innovation offsets basement hardness.

Growth relies on integrated gas hubs connected to shore-based power plants, which monetize output through first oil capacity payments rather than volatile commodity pricing. First-oil at Dai Hung Phase 3-flowing 6,000 bpd ahead of schedule-illustrates project-management maturation and validates shared-infrastructure models that suppress unit costs. Even so, crew shortages and weather downtime complicate schedules, demanding robust contingency planning across the Vietnam oil and gas upstream industry.

Onshore acreage, constrained by urban expansion and the decline of mature fields, contributes modest and stable volumes but attracts limited new capital. Operators favor low-cost workovers and water-alternating-gas schemes to sustain plateaus; yet, the resource upside remains marginal compared to offshore prospects. Thus, offshore execution excellence will continue to determine value creation within the Vietnam oil and gas upstream market.

Natural gas accounted for 59.65% of 2025 revenue and is forecast to grow at a 6.02% CAGR, solidifying its dominance in the Vietnam oil and gas upstream market. Output is slated to increase from 8 bcm in 2025 to more than 20 bcm by 2034, as Ca Voi Xanh, Block B, and Nam Du/U Minh ramp up production. Gas sale agreements featuring 80 mmcfd take-or-pay terms ensure predictable cash flows and facilitate project financing.

Crude oil, although still essential for refinery feedstock, is facing a gradual decline due to reservoir depletion and limited success in discoveries. Condensate streams linked to gas developments provide high-value naphtha for the petrochemical industry, partly offsetting oil volume erosion. The Vietnam oil and gas upstream industry is increasingly rewarding operators capable of orchestrating entire gas value chains, from subsea wellheads to power-plant burner tips.

Complete Report Scope:

• By Location of Deployment
  • Onshore
  • Offshore
• By Resource Type
  • Crude Oil
  • Natural Gas
• By Well Type
  • Conventional
  • Unconventional
• By Service
  • Exploration
  • Development and Production
  • Decomissioning

List of Companies Covered in this Report:

1. Vietnam Oil & Gas Group (PetroVietnam)
2. ExxonMobil Corp.
3. Japan Drilling Co. Ltd
4. Jadestone Energy plc
5. Saipem SpA
6. Eni SpA
7. Essar Oil & Gas E&P Ltd
8. ONGC Videsh Ltd
9. PTTEP
10. TotalEnergies SE
11. Rosneft Oil Co.
12. Idemitsu Kosan Co.
13. Repsol SA
14. Murphy Oil Corp.
15. KrisEnergy Ltd
16. Petronas Carigali
17. Soco International
18. CNOOC Ltd
19. Sinopec (Addax Petroleum)
20. PV Gas

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 Increasing crude-oil prices
  • 4.2.2 Rising domestic gas demand for power
  • 4.2.3 New PSC licensing rounds
  • 4.2.4 Digital subsurface-imaging adoption
  • 4.2.5 Incentives for marginal gas fields
  • 4.2.6 Export-credit agency funding for deep-water projects
• 4.3 Market Restraints
  • 4.3.1 Complex permitting & bureaucracy
  • 4.3.2 South-China-Sea territorial disputes
  • 4.3.3 Skilled-labour shortages offshore
  • 4.3.4 ESG-driven financing constraints
• 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 Unconventional Resources CAPEX Outlook (tight oil, oil sands, deep-water)
• 4.10 Porter's Five Forces
  • 4.10.1 Threat of New Entrants
  • 4.10.2 Bargaining Power of Suppliers
  • 4.10.3 Bargaining Power of Buyers
  • 4.10.4 Threat of Substitutes
  • 4.10.5 Competitive Rivalry
• 4.11 PESTLE Analysis

5 Market Size & Growth Forecasts

• 5.1 By Location of Deployment
  • 5.1.1 Onshore
  • 5.1.2 Offshore
• 5.2 By Resource Type
  • 5.2.1 Crude Oil
  • 5.2.2 Natural Gas
• 5.3 By Well Type
  • 5.3.1 Conventional
  • 5.3.2 Unconventional
• 5.4 By Service
  • 5.4.1 Exploration
  • 5.4.2 Development and Production
  • 5.4.3 Decomissioning

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 ExxonMobil Corp.
  • 6.4.3 Japan Drilling Co. Ltd
  • 6.4.4 Jadestone Energy plc
  • 6.4.5 Saipem SpA
  • 6.4.6 Eni SpA
  • 6.4.7 Essar Oil & Gas E&P Ltd
  • 6.4.8 ONGC Videsh Ltd
  • 6.4.9 PTTEP
  • 6.4.10 TotalEnergies SE
  • 6.4.11 Rosneft Oil Co.
  • 6.4.12 Idemitsu Kosan Co.
  • 6.4.13 Repsol SA
  • 6.4.14 Murphy Oil Corp.
  • 6.4.15 KrisEnergy Ltd
  • 6.4.16 Petronas Carigali
  • 6.4.17 Soco International
  • 6.4.18 CNOOC Ltd
  • 6.4.19 Sinopec (Addax Petroleum)
  • 6.4.20 PV Gas

7 Market Opportunities & Future Outlook

• 7.1 White-space & Unmet-Need Assessment
• 7.2 Collaboration with Foreign Companies
• 7.3 Digitalization & Advanced Analytics
• 7.4 Low-carbon & CCS opportunities
• 7.5 Incentives for marginal field development