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Vietnam is ranked 3rd in Southeast Asia and 31st in the world in terms of crude oil and gas output. For the 2005-2010 periods, Vietnam Oil and Gas Corporation have targets to explore 32 million tons of new oil reserves per year. As the rapid economic growth in the nation, energy is desperately required: Vietnam has explored 100 million Oil and 1500 million cubic kilometer Gas, benefit about 25 billion USD. Tapping into 21st century, 6 oil and gas fields have been exploited. Through international bidding round for open blocks in Vietnam, competitive foreign companies could win a bright place in this great land.




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