Price: $ 1295
BMI View: Oil output will rise in the short term as new fields are brought online or are ramped up to peak production levels to offset declining volumes from the flagship Bach Ho field. We expect oil output to peak in 2016 but fall thereafter, as further growth could be hindered by exploration limits imposed by Vietnam's maritime dispute with China in the South China Sea. New developments are set to boost long-term gas production, while the country's downstream is finally picking up after years of delay in pushing forth new and much-needed projects to meet the country's growing fuel demand. The main trends and developments for Vietnam's oil and gas sector are: ? Oil output will rise in the short term as new fields are brought online or are ramped up to peak production levels. This could push ...
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