- Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year.
Vietnam Crude Oil and Condensate Production was 175 Thousand Barrels Daily in 2023, down 3.8% on 2022. The Crude Oil and Condensate Production dataset of Vietnam from 2015 to 2023 provides a clear and consistent view of the country’s petroleum production landscape, highlighting production trends, crude oil output, condensate volumes, and supply patterns over the observed period.
Vietnam Crude Oil and Condensate Production moved from 342 Thousand Barrels Daily in 2015 to 175 Thousand Barrels Daily in 2023 (−48.8%), an average of −8% a year. The series high was 342 Thousand Barrels Daily in 2015 and the low 175 Thousand Barrels Daily in 2023.
The gap between the series high (2015) and low (2023) is 167 Thousand Barrels Daily. The sharpest single-year move was −13.3% in 2020.
Among the 28 countries in this dataset, Vietnam ranks 24 for 2023, behind U.S. (12,927 Thousand Barrels Daily) and Russia (10,554 Thousand Barrels Daily). It accounts for 0.2% of the global total in 2023.
Full series
Complete annual series with year-on-year change. Values are reported in Thousand Barrels Daily.
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| Year | Thousand Barrels Daily | Change vs prior year |
|---|---|---|
| 2023 Trough | 175 | −3.8% |
| 2022 | 182 | −1.6% |
| 2021 | 185 | −5.1% |
| 2020 | 195 | −13.3% |
| 2019 | 225 | −7.4% |
| 2018 | 243 | −11.6% |
| 2017 | 275 | −10.7% |
| 2016 | 308 | −9.9% |
| 2015Peak | 342 | — |
Regional context
Crude Oil and Condensate Production by country, 2023, Thousand Barrels Daily. Vietnam is highlighted.
Data definition
Crude Oil and Condensate Production — - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
The data includes the production of crude oil extracted from conventional and unconventional oil fields, as well as lease condensate recovered at the wellhead or during field processing before refining. It covers both onshore and offshore oil production and includes output from integrated oil and gas operations where condensate is produced alongside natural gas. Production is reported before refining and excludes downstream petroleum processing activities. The dataset is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of crude oil and condensate production across countries and over time.
The data excludes refined petroleum products such as gasoline, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other products obtained through refinery processing. It also excludes natural gas production, natural gas liquids (NGLs) other than lease condensate, synthetic fuels, biofuels, oil shale products, and petroleum derived from coal-to-liquids or gas-to-liquids processes unless specifically stated in the reporting methodology. The indicator does not measure crude oil reserves, exports, imports, domestic consumption, refinery throughput, or production value. Minor differences may occur due to variations in national reporting standards, condensate classification, and estimation methodologies across countries.
Crude Oil and Condensate Production — - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
Measured in thousand barrels daily, the dataset reflects domestic crude oil and condensate production from onshore and offshore fields, making it an important indicator of upstream energy activity, resource utilization, energy security, and the country's contribution to regional oil supply.
Vietnam produced 342 thousand barrels daily of crude oil and condensate in 2015, declining to 308 thousand barrels daily in 2016 and 275 thousand barrels daily in 2017. Production continued to decrease to 243 thousand barrels daily in 2018 and 225 thousand barrels daily in 2019, reflecting the gradual maturation of producing oil fields and lower output from existing reserves. The downward trend persisted in 2020, with production falling to 195 thousand barrels daily. Output declined further to 185 thousand barrels daily in 2021 and 182 thousand barrels daily in 2022 before reaching 175 thousand barrels daily in 2023, the lowest level recorded during the review period.
Overall, the dataset highlights a sustained long-term decline in Vietnam's crude oil and condensate production throughout the review period. The continuous reduction reflects declining production from mature fields, limited additions from new developments, and the ongoing challenges of maintaining output while balancing exploration activities and investment in upstream operations.
The dataset serves as a valuable resource for monitoring national oil production performance, assessing upstream sector trends, and evaluating long-term supply dynamics. It also supports energy market analysis, production forecasting, investment assessments, and policy development. Researchers, policymakers, and industry stakeholders can use the data to evaluate resource management strategies, production efficiency, and future exploration opportunities while supporting informed decision-making across Vietnam's petroleum sector.
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Definition- Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
Vietnam Crude Oil and Condensate Production was 175 Thousand Barrels Daily in 2023, down 3.8% on 2022.
Vietnam Crude Oil and Condensate Production moved from 342 Thousand Barrels Daily in 2015 to 175 Thousand Barrels Daily in 2023 (−48.8%), an average of −8% a year. The series high was 342 Thousand Barrels Daily in 2015 and the low 175 Thousand Barrels Daily in 2023.
The highest value was 342 Thousand Barrels Daily in 2015 and the lowest was 175 Thousand Barrels Daily in 2023.
Included: The data includes the production of crude oil extracted from conventional and unconventional oil fields, as well as lease condensate recovered at the wellhead or during field processing before refining. It covers both onshore and offshore oil production and includes output from integrated oil and gas operations where condensate is produced alongside natural gas. Production is reported before refining and excludes downstream petroleum processing activities. The dataset is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of crude oil and condensate production across countries and over time. Excluded: The data excludes refined petroleum products such as gasoline, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other products obtained through refinery processing. It also excludes natural gas production, natural gas liquids (NGLs) other than lease condensate, synthetic fuels, biofuels, oil shale products, and petroleum derived from coal-to-liquids or gas-to-liquids processes unless specifically stated in the reporting methodology. The indicator does not measure crude oil reserves, exports, imports, domestic consumption, refinery throughput, or production value. Minor differences may occur due to variations in national reporting standards, condensate classification, and estimation methodologies across countries.
The series is sourced from energyinst.org (https://www.energyinst.org/__data/assets/pdf_file/0006/1542714/684_EI_Stat_Review_V16_DIGITAL.pdf). It covers 2015–2023 and is reported in Thousand Barrels Daily.
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