Laos to build national pipeline system

laos oil blockLaos, the only landlocked member of the 10-nation ASEAN bloc, is considering building a national oil pipeline system, according to the country’s Asian Council on Petroleum (Ascope) representative.

Current oil demand in Laos is relatively modest at six million barrels per year of crude. However, the crude is costly as the country relies on imports, nearly all of which is imported from neighbouring Vietnam and Thailand.

Asia-focused independent Salamander Energy, which drilled a pair of wells in 2010 in the Savannakhet bloc, is understood to be the company most recently engaged in exploration in Laos, which has seen limited drilling in the past. 16 companies – 13 local and three international players including PetroVietnam and PTT of Thailand – are today active in Laos’ downstream sector.

There are no official figures for the proven reserves of oil and gas in Laos. PetroVietnam has been particularly active. In early 2011, PV Oil opened its subsidiary in Vientiane. Having a charter capital of more than $3 million, its activities include trading of oil and petrol products as well as other agricultural products.



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Laos, the only landlocked member of the 10-nation ASEAN bloc, is considering building a national oil pipeline system, according to the country’s Asian Council on Petroleum (Ascope) representative. Current oil demand in Laos is relatively modest at six million barrels per year of crude. However, the crude is costly as the country relies on imports, nearly all of which is imported from neighbouring Vietnam and Thailand. Asia-focused independent Salamander Energy, which drilled a pair of wells in 2010 in the Savannakhet bloc, is understood to be the company most recently engaged in exploration in Laos, which has seen limited drilling...

laos oil blockLaos, the only landlocked member of the 10-nation ASEAN bloc, is considering building a national oil pipeline system, according to the country’s Asian Council on Petroleum (Ascope) representative.

Current oil demand in Laos is relatively modest at six million barrels per year of crude. However, the crude is costly as the country relies on imports, nearly all of which is imported from neighbouring Vietnam and Thailand.

Asia-focused independent Salamander Energy, which drilled a pair of wells in 2010 in the Savannakhet bloc, is understood to be the company most recently engaged in exploration in Laos, which has seen limited drilling in the past. 16 companies – 13 local and three international players including PetroVietnam and PTT of Thailand – are today active in Laos’ downstream sector.

There are no official figures for the proven reserves of oil and gas in Laos. PetroVietnam has been particularly active. In early 2011, PV Oil opened its subsidiary in Vientiane. Having a charter capital of more than $3 million, its activities include trading of oil and petrol products as well as other agricultural products.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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