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Options for offshore gas exploitation in Thai Binh Province, Vietnam | |
Author | Dang Duy Chung |
Note | A research study submitted in partial fulfillment of the requirements for the degree of international Executive Master of Business Administration (Executive) in International Business and Management of Technology, School of Management |
Publisher | Asian Institute of Technology |
Abstract | Under the current energy-economy development of almost countries over the world, the given solution should be harmonized in a way to solve the relation of 3 issues as 3 Es including Economy, Energy, Environment, which is considered as utmost objective. Natural gas is besing seen as a morden souces/fuel with superiority regarding aspects of environment, economic effectiveness and stable source of supply. In Vietnam, natural gas supply and utilization has been experienced over 27 years and its market is more and more expanded and developed. However, this market is mainly concentrated in the South of the country, where the industry of gas treatment, transportation and distribution is formulated. The gas market in the North is potential, yet until now there has been natural gas exploited in Tien Hai (Thai Binh province) mine and utilized in Tien Hai industrial zone with a small quantity. Presently the need of gas for the Tien Hai industrial zone is more and more high meanwhile the source of gas supply from the existing mines in the area is reducing drastically, it is forcasted that there will be a very little quantity of gas remained in Tien Hai mine by 2012. This will lead to the unbalance of need and supply of gas for the Tien Hai industrial zone in particular and in Thai Binh area in general. With the discovery of new gas fileds bocks 102, 106, 103, 107... offshore Thai Binh province, the oil and gas companies confront with the Petroleum Law amended in 2000 - to exploit oil they are not allowed to burn gas and the exploitation of oil must be started after a period of 05 years commercial discoveries and annoucements. Should the gas users in Tien Hai and Thai Binh wait? Should the oil and gas companies invest immediately? The total investment for exploiting offshore gas, its transportation and operating costs are extremly high, which needs consideration of conditions, volume, gas composition...in the different fields. There is a need for balancing supply and demand of gas in the short term and long-term and calculate the economic effectiveness of total investment in the collection and transportation of gas from different offshore fields for industrial zones in the Thai Binh as well as other provinces in the Red River Delta area. So this study is made with an attempt to look in to the whole picture and almost aspects relating to natural gas suppliers, users, techniques as well as concerned authorities to ensure the best, optimal solution is chosen to satisfy benifits of involved partners, technical requirements and economic effectiveness. |
Year | 2012 |
Type | Research Study Project Report (RSPR) |
School | School of Management (SOM) |
Department | Other Field of Studies (No Department) |
Academic Program/FoS | Master of Business Administration (Executive) in International Business - Management of Technology (VN/BKK)) |
Chairperson(s) | Do Ba Khang; |
Examination Committee(s) | Sununta Siengthai ;Supasith Chonglerttham; |