The international exhibition will include equipment related to offshore exploration, recovery, transport and processing.

Some 1,400 companies from 53 countries will be represented at the biennial exhibition.

Vietnam will participate with booths from 14 governmental agencies, O&G associations and companies.

The exhibition is expected to attract 16,000 visitors from more than 60 countries, including businesspeople and government representatives.

According to JP Morgan Chase&Co., a leading global financial services firm, Vietnam will see an output of 368,000 barrels of crude oil per day next year, up by 26 percent.

Experts say Vietnam will be a key contributor to the international energy market, offering opportunities for both domestic and foreign O&G businesses.