UK energy companies to explore business opportunities in city

The leading trade association for UK Companies in the energy sector- EIC- will visit Ho Chi Minh City from November 22 to 26 to explore business opportunities in Vietnam.

The delegation consists of UK manufacturers and service providers from the following companies: Coates Offshore, DHL Global Forwarding, Industrial Projects, HMT, Howden Compressors, London Offshore Consultants Ltd, RPV Group (R.P. Valves Ltd), Safehouse Habitats (Scotland) Ltd, Survival Craft Inspectorate, Tyco Electronics, Vector International, Worldwide Marine Technology Ltd and the EIC’s Asia Pacific office.

In Ho Chi Minh City, the missioners will meet with Petro Vietnam and foreign companies' branches in the Vietnamese market, Chevron, Conoco Phillips, JVPC and Worley Parsons amongst others. Thereafter they will also visit the oil and gas companies in Vung Tau.

UK companies have a lot of expertise and technology ideally suited to tap into the Vietnamese market and therefore the timing of the trade delegation could not be better in terms of helping companies to capitalise on this business opportunity. All of the UK companies attending the mission believe that they can contribute towards the efficiency and cost-effectiveness of Vietnam’s oil and gas operations. 

In Vietnam, British firms are well represented in the sector. A number of British oil and gas companies are supplying equipment and services to the oil and gas industry in the country. Rolls-Royce has supplied aero-engines to Vietnam Airlines and ship lift systems to the navy. BP is the UK's largest investor in Vietnam. BP's US$1.3bn Nam Con Son natural gas project represents one of the largest foreign investments in the country. In addition, Premier Oil Vietnam Offshore B.V, Shell, Soco International and Salamander Energy has been actively exploring in Vietnam

By Uyen Phuong

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