PetroVietnam Broadens and Deepens Cooperation with Singaporean Partners

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With a very important role in the national economy, in addition to stepping up oil and gas research, exploration and exploitation to increase reserves on the mainland and on the continental shelf of Vietnam, Vietnam National Oil and Gas Group (PetroVietnam) also boosts cooperation with its international partners engaged in different fields of the oil and gas industry. PetroVietnam has many successful cooperation projects with partners from Singapore. To learn more about this collaboration, … [Read more...]

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Social News Headlines 9/4

Ministry inspects private health clinics, drugstores in 5 cities The Health Ministry plans to inspect private health clinics and drugstores in five major cities this year after many violations were uncovered during last year's inspections. In 2013, 197 private health clinics and 66 private drugstores were suspended from operations for violating medical regulations, according to the ministry. Many medical workers were found working without work permits, in addition, drugstores were caught … [Read more...]

PTSC – 20 Years of a Strong Brand

After 20 years of construction and development, PetroVietnam Technical Services Corporation (PTSC) has confidently risen to become a leading brand in oil and gas technical services in Vietnam. Getting rid of its weaknesses of 20 years ago, PTSC is today like an energetic, powerful young man walking with firm steps with Vietnam National Oil and Gas Group (PetroVietnam) to assert the position of the Vietnamese oil and gas industry on the international arena. Growth both in quantity and … [Read more...]

PTSC Conquers the Ocean

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With a dream to conquer the ocean, PetroVietnam Technical Services Corporation (PTSC) has continuously invested in technology and successfully produced many modern large-scaled oil platforms, making an effective contribution to developing the marine economy and ensuring security, national defence and sovereignty of the sea and islands. PTSC is a member of the Vietnam National Oil and Gas Group (PetroVietnam). It is considered the leading supplier of services, such as specialized vessels, … [Read more...]

Load-out of PQP-Hai Thach

On June 26, at the construction site of PTSC Downstream Port, PTSC M & C held the load-out, transportation and installation ceremony of Hai Thach Production & Quarters Platform (PQP-HT) 's jacket of Bien Dong 1 Project, invested by Bien Dong Petroleum Operating Company (Sea POC). Bien Dong 1 Project is the first largest offshore petroleum project, performed by Vietnamese contractors, with the total fabrication and installation weight of up to 60,000 tons. This is a challenging project … [Read more...]

Vietnam to install largest processing platform

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A sail-away ceremony for the 14,000-tonne Hai Thach central processing platform, the biggest ever of its kind in Vietnam, was held on June 27 in the southern province of Ba Ria-Vung Tau. Deputy Prime Minister Hoang Trung Hai was present at the ceremony. The platform will be installed at one of Vietnam's deepest oil fields where the water is up to 133m deep. It is part of the Bien Dong 1 project run by the Bien Dong Petroleum Operating Company with the PTSC Mechanical and Construction Joint … [Read more...]

Viet Nam to install largest oil platform

HA NOI — A sail-away ceremony for the 14,000-tonne Hai Thach central processing platform, the biggest ever of its kind in Viet Nam, was held yesterday in the southern province of Ba Ria-Vung Tau. The platform will be installed at one of Viet Nam 's deepest oil fields where the water is up to 133m deep. It is part of the Bien Dong 1 project run by the Bien Dong Petroleum Operating Company with the PTSC Mechanical and Construction Joint Stock Company as the main contractor. The Bien Dong 1 is … [Read more...]

Bien Dong POC: Close Coordination with Other PetroVietnam Companies to Achieve Bien Dong 1 Project Key Milestones

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Since its establishment over two years ago by Decision 066/QD-DKVN of PetroVietnam's Board of Management, Bien Dong Petroleum Operating Company (Bien Dong POC) has been expeditiously performing the important tasks assigned by PetroVietnam to continue the Bien Dong 1 development project for early production of natural gas and condensate from Hai Thach field and Moc Tinh field offshore S.R. Vietnam. The Bien Dong 1 Project covers engineering, procurement, onshore construction and offshore … [Read more...]

New Prospects of Cooperation with Singapore and Malaysia

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According to statistics, Vietnam's two-way trade with Singapore reached US$6.2 billion in 2010, and that with Malaysia US$4 billion in the first nine months 2011. The visit of President Truong Tan Sang to the two countries in late September will no doubt further strengthen the cooperation with these two countries of great potential. Singapore ranks third among countries and territories investing in Vietnam, with 938 projects worth US$23.2 billion. The visit of the Vietnamese President has … [Read more...]

Huge “made in Vietnam” oil rig jacket in action

A 11,000-tonne jacket structure for the Moc Tinh oil rig has been launched successfully at Vietsovpetro port in the southern province of Ba Ria-Vung Tau. The jacket structure includes three-dimensional frames made from large tubular steel members, allowing the jacket, which takes the loadings from the topside and sea environment, to be attached by piles to the seabed. With construction work starting in June last year by the Petroleum Equipment Assembly and Metal Structure Joint Stock … [Read more...]

Huge “made in Vietnam” oil rig jacket in action

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A 11,000-tonne jacket structure for the Moc Tinh oil rig was launched successfully on August 27 at the Vietsovpetro port in the southern province of Ba Ria-Vung Tau. The jacket structure includes three-dimensional frames made from large tubular steel members, allowing the jacket, which takes the loadings from the topside and sea environment, to be attached by piles to the seabed. With construction beginning in June last year by the Petroleum Equipment Assembly and Metal Structure Joint … [Read more...]

Honeywell to Automate Offshore Gas Platforms in Vietnam

Honeywell announced that it has been engaged by PetroVietnam Technical Services Corporation (PTSC) and the Bien Dong Petroleum Operating Company (BDPOC) to supply an integrated process control system for their new central processing platform currently under construction in Vung Tau, Vietnam. When fully operational by the end of 2012, the platform is expected to contribute significantly to meet Vietnam's increased gas demands by providing 2 billion cubic metres of gasoline each year and up to … [Read more...]

Vietnam’s Biggest Oil Platform Installed

The installation of topsides for Vietnam's biggest-ever oil rig has been completed at the Moc Tinh gas field off the southern province of Ba Ria-Vung Tau. The Moc Tinh oil rig is invested by the Bien Dong Petroleum Operating Company (Bien Dong POC), a subsidiary of the state-run Vietnam Oil and Gas Group (PetroVietnam). The Moc Tinh platform together with the Hai Thach platform, another investment of the Bien Dong POC, is expected to supply two billion cu.m of gas per year and between 15,000 … [Read more...]

Vietnam’s biggest oil platform installed

The installation of topsides for Vietnam's biggest-ever oil rig has been completed at the site of Moc Tinh gas field off the southern province of Ba Ria-Vung Tau. The Moc Tinh oil rig is invested by the Bien Dong Petroleum Operating Company (Bien Dong POC), a subsidiary of the state-run Vietnam Oil and Gas Group (PetroVietnam). The Moc Tinh platform together with the Hai Thach platform, another investment of the Bien Dong POC, is expected to supply two billion cu.m of gas per year and … [Read more...]

Risk insurance secured for offshore project

The PetroVietnam Insurance Joint Stock Corp. (PVI) will provide risk insurance for the entire construction and installation process of the Bien Dong 1-Con Son Oilfield project with a total value of nearly 1.3 billion USD. To this effect, a five-year insurance contract was signed between PVI and the Bien Dong Petroleum Operating Co. under the Vietnam Oil and Gas Group (PVN), in Ho Chi Minh City on November 22. The Bien Dong 1-Con Son Oilfield project, wholly invested by PVN, is the largest … [Read more...]

PetroVietnam Affiliate Starts Vietnam Biggest Oilrig Project

Bien Dong Petroleum Operating Company (Bien Dong POC), a subsidiary of the state-run Vietnam Oil and Gas Group (PetroVietnam), has started building jackets and topsides for Vietnam's biggest-ever oilrig at Moc Tinh gas field. The oilrig will be 134 meters high and weigh 13,000 tons. The oilrig is expected to provide two billion cubic meters of gas a year and between 15,000 barrels and 20,000 barrels of condensate a day once fully operational next August. Moc Tinh gas field, located at block … [Read more...]

PTSC: Activated by Major Projects of Early 2010

PetroVietnam Technical Services Corporation (PTSC) has introduced a number of measures to navigate the adverse impacts of the global economic recession; achieving impressive business results.

PTSC is known domestically and globally as a major force for Vietnam National Oil and Gas Group (PetroVietnam), providing technical services for the oil and gas industry. In 2010, PTSC expects more success as many leading business groups have chosen it as a key partner and it has ongoing key oil and gas projects. Particularly, on February 10, 2010, PetroVietnam Technical Services Corporation and Bien Dong Petroleum Operating Company (BDPOC) held a head of agreement (HOA) signing ceremony for … [Read more...]

PVN plans to equitise three subsidiaries this year

An oil-rig in the Bach Ho oilfield of Vietsovpetro, a joint venture between the PetroVietnam and Russia's JSC Zarubezhneft. PetroVietnam will equitise three companies in its group in the last months of the year. - VNA/VNS Photo Huy Hung

HA NOI (VNS)- Viet Nam National Oil and Gas Group (PetroVietnam) said that by the end of the year it would equitise three companies in its group, Ca Mau Fertiliser Co Ltd, Binh Son Refining and Petrochemical Co Ltd, and Dung Quat Shipbuilding Industry Co Ltd. … [Read more...]

Block B Project Partners, NFVC Provide Scholarships and Upgrade Schools

The Block B Gas-to-Power Project Partners, on August 12, awarded scholarship certificates to 100 schoolchildren from the Mekong Delta, in a ceremony celebrating a programme developed with the National Fund for Vietnamese Children (NFVC).

The partners' commitment of more than VND3.15 billion (US$150,000) in 2014 builds on an existing Block B Gas-to-Power Project education programme that has already provided scholarships to more than 3,800 children in the Mekong Delta since 2009. In addition to awarding a total of 877 scholarships, the 2014 programme will upgrade five schools in the area. The partners have sponsored upgrades to 19 schools over the past four years. … [Read more...]

More scholarships awarded to Mekong Delta schoolchildren

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The Block B Gas-to-Power Project Partners today awarded scholarship certificates to 100 schoolchildren from the Mekong Delta, in a ceremony celebrating a programme developed with the National Fund for Vietnamese Children (NFVC). … [Read more...]