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Southeast Asia to require the largest expendi- ture demand over the fve-year period,” Podevyn adds.

Thailand is also attempting to reform its energy sector, with a delayed bid round due to occur in 2015. The delay was because of adjustments in the fscal policy to improve conditions based on the current market. “As part of this effort, Thailand has committed to defnitively outline the concession renewal mechanism to assure opera- tors of the long-term stability of currently producing supply,”

Gatudala says.

Most of Vietnam’s oil produc- tion comes from the Cuu Long basin comprising of large oil pro- ducing felds with an estimated 3.37 billion bbl of potential crude

PetroVietnam workers at Dai Hung oil feld. Photo from PetroVietnam.

oil.

Although it is one of the most diffcult challenges, PetroVietnam is looking to condensate – Gatudala says is slated to environments to explore, wells that once further explore the potentials of the area cost upwards of $10 billion. took about three months to drill can now and is actively seeking investors. “As the development plans come be completed within six weeks because Vietnam’s Block B – operated by together, we anticipate a commercial of advanced technologies. PetroVietnam in the Malay-Tho Chu decision later in 2016,” Gatudala

Despite the drilling and geological basin holding about 5 Tcf of gas and concludes.

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