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Top 7 largest oil and gas companies in Vietnam

Top 7 largest oil and gas companies in Vietnam

Tuesday 04, 08 2020
Similar to the electricity industry, Vietnam's oil and gas industry is an exclusive one, which is controlled by the Vietnam Oil and Gas Group (PetroVietnam). Therefore, there are not many companies operating in this industry, and most of them are under the management of Vietnam Oil and Gas Group.

1. PETROVIETNAM EXPLORATION PRODUCTION CORPORATION

PetroVietnam Exploration Production Corporation (PVEP) is an enterprise under Vietnam National Oil and Gas Group. PVEP was established in 2007, specializing in exploration and exploitation of petroleum inside and outside the territory of Vietnam.

Based on the most recently updated data, PVEP owns VND 114 trillion of assets, with a verified reserve of 260 million tons of oil. It contributes an average of VND 9 trillion to the State budget annually.

Contact information:

  • Address: Floor 26, Charmvit Tower, No. 117, Tran Duy Hung Street, Trung Hoa Wardm Cau Giay District, Hanoi.

  • Tel: 04-37726001

  • Fax: 04-37726027

  • Email: [email protected]

  • Website: [email protected] 

Company report: PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LIMITED

PETROVIETNAM EXPLORATION PRODUCTION CORPORATION

2. PETRO VIETNAM TECHNICAL SERVICES CORPORATION

In 1993, Petro Vietnam Technical Services Corporation was established on the basis of merger between Petroleum Services Company - PSC and Petroleum Geophysical Services. In 2006, the company was equitized, changed its name to Petro Vietnam Technical Services Joint Stock Company and started to be listed on Hanoi Stock Exchange in 2007. In 2009, Petro Vietnam Technical Services Joint Stock Company was renamed Vietnam Petroleum Technical Services Corporation (PTSC).

The company’s fleets are considered to be second only to those of Vietsov Petro. PTSC's main customers are domestic oil and gas projects, so it is a monopoly company in the field of providing oil and gas services in Vietnam with the supply of about 90% of specialized ship services serving oil and gas exploration and exploitation activities. The company has been implementing a number of large and highly-valued projects such as East Sea, Su Tu Trang, White Rhino, and Black Lion, etc.

Contact information:

Company report: PETRO VIETNAM TECHNICAL SERVICES CORPORATION

3. PTSC QUANG NGAI JOINT STOCK COMPANY

Established in 1998, with the initial purpose of participating in the construction of Dung Quat oil refinery, PTSC Quang Ngai Joint Stock Company has become one of the leading service providers and has completed hundreds of big projects in oil and gas industry and other industries in Vietnam.

PTSC Quang Ngai Joint Stock Company is currently focusing on 04 main businesses: Petroleum Engineering & Construction Services, Repair & Maintenance Services, Port & Logistics Services, Maritime Services.

PETRO VIETNAM TECHNICAL SERVICES CORPORATION

Contact information:

  • Address: Lot 4H, Ton Duc Thang Street, Le Hong Phong Ward, Quang Ngai City, Quang Ngai Province

  • Email: [email protected]

Company report: PTSC QUANG NGAI JOINT STOCK COMPANY

4. JAPAN VIETNAM PETROLEUM CO. LTD 

Japan Vietnam Petroleum Co. Ltd. (JVPC) was established and has operated in Vietnam since 1992. After the first years of building facilities to serve crude oil exploitation activities, in 1998, JVPC exploited the first oil barrel. In 2005, the 100th million-barrel oil barrel was exploited by the company. After more than 20 years of operating in Vietnam, JVPC has affirmed its position and prestige in Vietnam's petroleum industry.

Contact information:

  • Address: Floor 7, Petrotowers, No. 8, Hoang Dieu Street, Vung Tau City, Ba Ria Vung Tau Province

  • Tel: 064-3856937

  • Fax: 064-3856943

  • Email: [email protected]

  • Website: jvpc.com.vn 

Company report: JAPAN VIETNAM PETROLEUM CO. LTD

5. PETROLEUM OFFSHORE TRADING AND SERVICES JOINT STOCK COMPANY

Established in 2000, Petroleum Offshore Trading and Services Joint Stock Company (POTS) is a member of Petro Vietnam General Services Joint Stock Corporation (PETROSETCO), under Vietnam Oil and Gas Group (PVN). The company operates in the field of Commerce and Services with 20 years of experience in supplying specialized oil materials and equipment, real estate services and super-weight transport services. 

Contact information:

  • Address: Suite 209-211, Floor 2, PetroVietnam, No. 1-5, Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City

  • Tel: 028 3910 6666

  • Email: [email protected]

  • Website: petrosetco.com.vn

Company report: PETROLEUM OFFSHORE TRADING AND SERVICES JOINT STOCK COMPANY

6. THANG LONG JOINT OPERATING COMPANY

Thang Long Joint Operating Company was established on January 1, 2005 by Mr. Ha Van Bich. The company was granted a business license by the Ho Chi Minh City Tax Department. The company is operating in the field of support services to exploit crude oil and natural gas.

THANG LONG JOINT OPERATING COMPANY

Contact information:

  • Address: Suite 808, Floor 8, Metropolitan Tower, No. 235, Dong Khoi Street, Ben Nghe Ward, Ho Chi Minh City

  • Tel: (028) 38230234, 38230197, 38230207

  • Fax: (028) 38230235

Company report: THANG LONG JOINT OPERATING COMPANY

7. PV Shipyard

Established in 2007 by PetroVietnam Technical Services Corporation (PTSC), Bank for Investment and Development of Vietnam (BIDV), Vietnam Machinery Installation Corporation (Lilama), Industry Corporation Ships (SBIC), Vietnam - Russia Joint Venture Vietsovpetro, PV Shipyard is a provider of technical and industrial services for oil and gas and renewable energy industries in Vietnam and Southeast Asia. 

Main activities of PV Shipyard are design, purchase, manufacture, launch, transport, jack-up, liftboat, module, topside, FPSO and steel structure construction as well as lifting, provision, repair and maintenance services of offshore facilities with floating equipment (ships, tugs) and superstructure modules of floating warehouses (FSO, FPSO).

At the same time, PV Shipyard is also involved in providing services for onshore projects such as steel fabrication, construction and operation for power plants, petrochemical plants, fertilizer plants, gas stations and especially on-shore E-House, process modular design, etc.

Contact information:

  • Address: No. 65A2, Road 30/4, Ward 11, Vung Tau City, Ba Ria Vung Tau Province

  • Tel: 0643545555-35456 

  • Fax: 0643512121 - 625449

  • Email: [email protected] 

  • Website: pvshipyard.com.vn

Company report: PETROVIETNAM MARINE SHIPYARD JOINT STOCK COMPANY

Source: VietnamCredit

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