IDEMITSU GROUP
IN VIETNAM
CORPORATE SITE

Main business field:

Oil and Gas Exploration and Production as an operator in Blocks 05-1b and 05-1c, offshore Vietnam

History

• 2004 Entered into a Production Sharing Contract for offshore Vietnam, Blocks 05-1b and 05-1c as an operator
• 2005-14 Conducted exploration activities and found natural gas
• 2016 Made declaration of Commercial Discovery
• 2017 FDP approved & development activities are ongoing

Idemitsu 35.1%, KPE 35.1%, PVN 25.1%, Mitsui 4.7%

Main business field:

NSRP Project is a joint-venture project sponsored by 4 corporations: Idemitsu Kosan Co.,Ltd. and Mitsui Chemical, Inc. from Japan, Vietnam Oil and Gas Group (PetroVietnam), Kuwait Petroleum Europe B.V. (KPE) from Kuwait together invest and operate NSRP Complex that is located 260km away South from Hanoi capital, in Nghi Son Economic Zone, Tinh Gia District, Thanh Hoa Province, Vietnam. Total investment cost of NSRP Project is approximately $9 billion. The refinery has capacity to process 200,000 barrels of Kuwait crude oil per day to produce fuel and petrochemical products.

100% owned subsidiary of Idemitsu Kosan Co., Ltd.
Established in 2012, Started operation in 2014

Business outline:

Head office factory is located in Hai Phong, manufacturing and selling lubricants with Japanese quality and performance such as motorbike & automobile engine oil, industrial oil for both domestic and overseas market.

Branch offices with warehouse are located nationwide, enabling an extensive distribution network.

Idemitsu 50%, KPE 50%

Only foreign-affiliated petroleum distribution company in Vietnam.

Main business field:

Distributing petroleum products (Gasoline/Diesel) in Vietnam Providing accurate and convenient service for customers with introductions of international standard equipment.

New business field:

Developing new service in petroleum stations (Ex. Lubricant sales, Car washing service, etc.) Expanding network throughout Vietnam

Main business field:

Song Giang Solar Power J.S.C. operates a 50MW solar power plant in Cam Ranh City, Khanh Hoa Province. This is the first solar power plant developed in Vietnam for Idemitsu Kosan Co., Ltd. The company was established in 2017 co-invested by Shoseki Overseas & Investment K.K. , a group company of Idemitsu Kosan Co., Ltd., Viet Khanh Joint Stock Company, a multifaceted Vietnamese company, and Dragonfly Capital Ventures LLC, an investment management company headquartered in New York. The power plant starts its operation on May 8th, 2019. The generated power has been sold to Vietnam Electricity under the power purchase agreement for 20 years based on a feed-in-tariff scheme of the Vietnam government. The power generation is approximately 78,600 MWh per year.

Business outline

• ENGINEERING - PROCUREMENT - CONSTRUCTION - COMMISSIONING (EPCC): Provide full design and build service for factory building, process system, utility system and support for commissioning.
• PROJECT MANAGEMENT CONSULTANCY SERVICE: Represent or support Client to manage project with safety standards, quality, determined cost and required timeline in mind.
• MAINTENANCE SERVICE (Preventive and Overhaul Equipment): Support Client to enhance the reliability and lifetime of equipment and reduce the downtime caused by equipment’s troubles during operation.
• EQUIPMENT SUPPLY (Oversea & Domestic): Provide customized equipment such as agitator tank, heat exchanger… including engineering, fabrication and site service, domestic and oversea.
• FEASIBILITY STUDY: Propose optimal solutions to Client by selecting the suitable technologies with reasonable cost for investment and operation.