Our Business

  • Our Business

The Business of ENEOS Group in Vietnam started in 1990’s, after acquisition and discovery of Rang Dong Oil Field in block 15-2. In 2010’s, ENEOS Group expanded its business in the downstream segment, by establishing lubricants factory in 2013, and became strategic partner with Vietnam National Petroleum Group (Petrolimex) in 2016.

01 OIL & GAS EXPLORATION AND
PRODUCTION BUSINESS

OIL & GAS EXPLORATION AND PRODUCTION BUSINESS

Oil & Gas Exploration Business

Since the acquisition of Block 15-2 in 1992, the project has been one of NOEX's key operations.
Operator and NOEX subsidiary JVPC has been involved in the ongoing exploration and development of the block, including the production of crude oil and natural gas.

JV Paricipants and Interests

Company Holding the Acreage Japan Vietnam Petroleum Company (JVPC)
Shareholders (holding percentages) JX Nippon Oil & Gas Exploration Corporation
Project Status Exploration/Development/Production
Interest 39.5%
Partners (interest) PVEP (30%), PERENCO (30.5%)
Net Production 5,000 BOED

History

October 1992

Acquired working interest in Block 15-2

June 1994

Discovered Rang Dong oil field in Block 15-2

August 1998

Started production at the Rang Dong oil field

June 2005

Rang Dong oil filed reached cumulative oil production of 100 million barrels

February 2006

Rang Dong oil field associated gas recovery and utilization project was registered as a CDM Project under the Kyoto Protocol (CERs were issued in February 2008

July 2008

Rang Dong oil field reached the cumulative oil production of 150 million barrels

September 2008

Started production at Phuong Dong oil field

2014

Rang Dong oil field reached the cumulative oil production of 200 million barrels

2019

Vietnam Government approved 5 years extention of Phuong Dong oil field interest

2022

The 30th Year Anniversary of the PSC for Offshore Vietnam Block 15-2

02 LUBRICANT OIL BUSINESS

LUBRICANT OIL BUSINESS

Lubricant

Since 1997, ENEOS has been developing lubricant oil business in Vietnam. In 2014, ENEOS established a lubricant oil blending factory in Haiphong city to expand its business in Vietnam.

Company Information

HQ and Factory Haiphong (Dinh Vu Industrial Zone)
Sales Office Hanoi, Ho Chi Minh City
Establishment September, 2012
Start of Operation February, 2014
Production Capacity 36,000KL/year
See more about Lubricant oil business,
go on to JX Nippon Oil & Energy Vietnam website

Product Lines

  • ENEOS Automotive Oils

    ENEOS Automotive Oils

    (Motorcycle oils, Passenger Car Motor oils, Heavy Duty Diesel engine oils, Automotive Gear oils)

  • ENEOS Motorcycle Oils

    ENEOS Motorcycle Oils

    (Factory fill oils and After sales oils)

  • ENEOS Industrial Oils

    ENEOS Industrial Oils

    (Hydlaulic oils, Gear oils, Turbine oils, Compressor oils, Multi-Purpose oils, Cutting oils and so on)

03 STRATEGIC PARTNERSHIP WITH
VIETNAM NATIONAL PETROLEUM GROUP

STRATEGIC PARTNERSHIP WITH VIETNAM NATIONAL PETROLEUM GROUP

Strategic partnership with Vietnam National Petroleum Group

ENEOS Group has entered into Strategic Cooperation Agreement with Vietnam National Petroleum Group (Petrolimex) since 2016. ENEOS Group acquired the 8% share of Petrolimex in 2016.

For further close relationship with Petrolimex, ENEOS Group increased investment ratio and ENEOS Group holds about 13% share of Petrolimex at the end of 2021.

In 2021, Petrolimex and ENEOS additionally entered into Memorandum of Understanding for promoting the programs to enhance the corporate value of Petrolimex and consider new joint projects. Through cooperation between with Petrolimex and ENEOS Vietnam Co., Ltd., ENEOS Vietnam Co., Ltd. will keep focusing on strengthening profitability of Petrolimex and developing new business in Vietnam.

04 BUSINESS DEVELOPMENT: RENEWABLE ENERGY

BUSINESS DEVELOPMENT: RENEWABLE ENERGY

Business Development: Renewable Energy

While Vietnamese government declares its intention to accomplish Carbon Neutrality by 2050, the demand for electricity is increasing rapidly with its economic growth. The needs for renewable energy resources are expected to increase over the long term.​​

In December 2021, ENEOS Group invested in a Solar Power Plant in Hau Giang Province.

ENEOS Group will contribute to achieving Carbon Neutrality in Vietnam through developing new renewable energy resources.

05 CAR MAINTENANCE BUSINESS

CAR MAINTENANCE BUSINESS

Car maintenance business in Hanoi

ENEOS Vietnam has been operating a car maintenance business in Vietnam since 2022, and now we are running two car maintenance shops (car wash service, coating, etc..) at Petrolimex gasoline station in Hanoi.

About Services:

  • Car wash

    Providing car wash services using Japanese car-washing machine to meet “safety”, “clealiness”, and “quickness” and our
    customer’s needs.

  • Car Coating

    Using Japan’s top-class coating chemicals which enable to keep cars beautiful for a long time with the effect of chemicals without
    any physical scrubbing action.

  • Others

    Offering essential car care services such as interior cleaning, engine room cleaning and oil change.

Additionally, we offer service rooms where customers may feel comfortable. Please come and experience the advanced standard car maintenance services and a Japanese style of hospitality.

Business information

1st - Phuc Loi Shop

Business hours 8:00 ~ 19:00 (No day-off) (*) Business hours will vary depend on season condition.
Location Petrolimex station No.84,
Phuc Loi, Long Bien, Hanoi
Telephone 090 324 3805
Email

2nd - Dong Du Shop

Business hours 8:00 ~ 12:00 / 13:30 ~ 18:00 (No day-off) (*) Business hours will vary depend on season condition.
Location Petrolimex station No.80,
Dong Du, Gia Lam, Hanoi
Telephone 090 324 3806
Email
Contact