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Vietnam's 2011 Licensing Round - Territorial Disputes are Likely to Mar Prospects of Resource-rich Blocks in the South China Sea
GlobalData, Nov 2011, Pages: 6
Vietnam’s 2011 Licensing Round - Territorial Disputes are Likely to Mar Prospects of Resource-rich Blocks in the South China Sea
Summary
Vietnam is scheduled to announce the results of its 2011 licensing round for nine oil and gas exploration blocks in January 2012. Some of the blocks offered in the round are located in the South China Sea, which is estimated to contain significant oil and gas potential. However, a number of surrounding coastal countries have laid territorial claims on the resource-rich South China Sea – notably China. These disputes and the contentious status of these blocks could prove to be a key challenge for Vietnam’s current licensing round. So far, interest has been expressed by Russian companies, whose gas and oil deals with China could make them less likely to face opposition.
Scope
- The report provides key highlights of Vietnam's 2011 licensing round.
- The report highlights the role of licensing round in Vietnam's effort to increase its domestic production.
- The report contains a discussion on the OVL and PetroVietnam cooperation agreement related to exploration activities in the South China Sea.
Reasons to buy
- To gain understanding of Vietnam's licensing round and how it may shape up amidst prevailing territorial disputes.
- To keep abreast of Vietnam's steps to increase its domestic oil and gas production.
- To be aware of the hydrocarbon prospects of the South China Sea where most of the blocks offered under the current licensing round are located.
Keywords
Vietnam, licensing round, exploration, blocks, South China Sea, China, territorial, claims, disputes, challenge, Russia, Nam Con Son, Phu Quoc, Malay-Tho Chu, OVL, PetroVietnam, ONGC Videsh Limited, ONGC
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