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, floating storage and offloading vessels (FSO), floating production, storage and offloading vessels (FPSO) and seism surveys for the oil and gas industry in Vietnam and Southeast Asia, especially in the field of designing, manufacturing and installing offshore oil platforms. At present, PTSC has over 23 affiliates, 3 joint-ventures in Singapore and 1 affiliation in Malaysia with a staff of more than 10,000 people who have high capability and professional skills. Having been carefully trained and with … [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 by the total time of engineering, procurement, fabrication, installation and hook-up is only within approximately 29 months for the topside of Hai Thach Production & Quarters Platform (including a 70-person-on-board living quarter); two wellhead platforms Moc Tinh 1 and Hai Thach 1; 3 jackets; 1bridge, along 70km pipelines and 21km subsea cables. Production & Quarters Platform is installed offshore and operated at the 133m deep water field. Presence at the loadout ceremony, Deputy Prime … [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 Stock Company as the main contractor. The Bien Dong 1 is the country's largest offshore oil and gas project with a total installation workload of 60,000 tonnes. More than 3,300 technicians and workers are working on the project. V.N.A … [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 the country's largest offshore oil and gas project with a total installation workload of 60,000 tonnes. More than 3,300 technicians and workers are working on the project. — VNS … [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 installation of a complex of offshore facilities including Moc Tinh 1 Wellhead Platform (WHP-MT1), Hai Thach 1 Wellhead Platform (WHP-HT1), and Production and Quarters Platform at Hai Thach field (PQP-HT), together with infield pipelines, export gas pipelines and submarine cables. Once completed, these will be the largest platforms in Vietnam, especially the PQP having oversized structure and complex process systems, in the past built solely by overseas contractors. In addition, given the very … [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 created new motivation for more efficient cooperation between the two countries, strengthening ASEAN and promoting multifaceted cooperation between Vietnam and Singapore. VCCI organized the accompanying business delegation and co-sponsored the "Vietnam-Singapore Business Forum" with over 250 participants. President Truong Tan Sang attended the Forum and discussed with business people of the two countries the development of supporting industry, restructuring of State-owned enterprises and bilateral … [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 Company (PVC-MS), the 136- metre high structure is the largest manufactured in Vietnam. In April the company also manufactured and launched a jacket structure for the Dai Hung oil rig that is 120m high and weighs 7,000 tonnes. The Moc Tinh oil rig is part of the Bien Dong 1 project, invested by the Bien Dong Petroleum Operating Company (Bien Dong POC), and the rig's jacket structure will be installed offshore by September 5. … [Read more...]

Huge “made in Vietnam” oil rig jacket in action

Moc Tinh oil rig - illustration photo

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 Stock Company (PVC-MS), the 136 metre high structure was the largest manufactured in Vietnam. In April the company also manufactured and launched a jacket structure for the Dai Hung oil rig with weight of 7,000 tonnes and height of 120 metres. The Moc Tinh oil rig is part of the Bien Dong 1 project, invested by the Bien Dong Petroleum Operating Company (Bien Dong POC), and the rig's jacket structure will be installed offshore by September 5. Source VIR/VNA … [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 20,000 barrels of condensate daily. BDPOC is a subsidiary of state-run Vietnam Oil and Gas Group (PetroVietnam). Honeywell Process Solutions (HPS) will implement its award-winning Experion® Process Knowledge System (PKS) with C300 Controller and Foundation Fieldbus capabilities to fully automate the facility. Safety Manager will also be installed to improve process-safeguarding protocols, such as emergency shutdowns, fire and gas monitoring, and critical application control. By increasing … [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 and 20,000 barrels of condensate per day. Moc Tinh field, located at block 5.3 in the Nam Con Son basin, offshore southern Vietnam, has estimated reserves of 0.5 trillion cubic feet (tcf) of gas and 9.59 million barrels of condensate. Dung Quat Economic Zone to be expanded (Source: VIR/VNA) … [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 between 15,000 and 20,000 barrels of condensate per day. Moc Tinh gas field, located at block 5.3 in the Nam Con Son basin, offshore southern Vietnam , has estimated reserves of 0.5 trillion cubic feet (tcf) of gas and 9.59 million barrels of condensate. VNA/VOVNews … [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 5.3 in the Nam Con Son basin, offshore southern Vietnam, has estimated reserves of 0.5 tcf of gas and 9.59 million barrels of condensate. PetroVietnam expects to produce 23.58 million tons of oil equivalent from 15 million tons of crude oil and 8.58 billion cubic meters of natural gas this year. (Youth) … [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 the supply of a floating storage and offloading unit (FSO) for Hai Thach and Moc Tinh fields, Bien Dong 1 Project. This agreement resulted from the great efforts of PTSC to sustain and develop the market of floating production, storage, and offloading/floating storage and offloading (FPSO/FSO) units amid the global economic crisis. Following up the successful FPSO Ruby Princess, FSO Orkid, FPSO Ruby II, FSO Rong Doi MV12, FPSO Cuu Long MV9 and FSO PTSC Bach Ho, the FSO chartered to BDPOC will … [Read more...]

Fertiliser plants set for revamp

The PetroVietnam Fertiliser and Chemicals Corporation signed in Ha Noi yesterday an EPC Contract to revamp the Phu My NH3 and NPK complex. — VNA/VNS Photo Huy Hung HA NOI (Biz Hub) — PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo) yesterday signed the EPC Contract (Engineering, Procurement, Construction and Commissioning) with an international contractor consortium to revamp the Phu My NH3 and NPK complex. The project, covering an area of over 15 hectares on the land housing Phu My Fertiliser Plant at Phu My 1 Industrial Zone in southern Ba Ria-Vung Tau Province, consists of two parts: revamping the NH3 Unit and build Phu My NPK Plant. The complex project has a total investment capital of nearly VND5 trillion, some US$37 million, 70 per cent of which will be financed by bank loans and another 30 per cent by the owner's equity. After completion, the upgrading of the NH3 Unit will increase the current ammonia output at Phu My Fertilizer Plant by 90,000 tonnes … [Read more...]

NH3 Unit and Phu My NPK Plant to be built

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At the signing ceremony (VNA) NDO - An EPC Contract (Engineering, Procurement, Construction and Commissioning) to build the Phu My NH3 and NPK complex was signed in Hanoi on June 7 between PetroVietnam Fertiliser and Chemicals Corporation (PVFCCo) and an international contractor consortium. The contractor consortium includes Italy’s Technip Group, Germany’s ThyssenKrupp Industrial Solutions and PetroVietnam Technical Services Corporation. The project has a total investment capital of nearly VND5 trillion (approximately US$37 million), 70% of which will be financed by bank loans and another 30% by the owner’s equity. The complex will be under construction over 26 months and brought into operation by July, 2017. The project, covering an area of over 15 hectares on the land of the Phu My Fertiliser Plant in the southern province of Ba Ria-Vung Tau Province, consists of two parts: the NH3 Unit and the Phu My NPK Plant. Once completed, the upgrade of the NH3 … [Read more...]

Ocean science takes big step forward in VN with purchase of well-head platform

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VietNamNet Bridge - A subsidiary of PetroVietnam, the national oil and gas group, has obtained a contract to export a well head platform (WHP) to Brunei. Do Thai Binh, a renowned maritime expert, and Vice Chair of the Association of Science & Technology of Vietnam Shipbuilding Industry, says this a great success of Vietnam’s science and technology. PTSC M&C (PetroVietnam Technical Services Corporation Mechanical and Construction), the builder, is expected to export the oil rig to Brunei by mid-June. The $100 million product is being made to fulfill the order of Total E&P Borneo B.V, a French group headquartered in Brunei. Local newspapers reported that PTSC M&C has finished the construction of the jacket, weighing 1,200 tons in Brunei, while it is working on the topside weighing 3,000 tons in Ba Ria – Vung Tau province, Vietnam. In November 2014, the corporation delivered the Heera Redevelopment – Process Platform worth $70 million to the … [Read more...]

Made-in-Viet Nam oil rigs go overseas

The Hai Thach Oil Rig was built by the PetroVietnam Technical Services Corporation Mechanical and Construction (PTSC M&C). The company is set to complete an oil rig in Brunei this June. — VNA/VNS Photo Manh Duong

HA NOI (Biz Hub) — Vietnamese engineers have worked to master advanced oil rig construction technology and have now exported their giant oil platforms. The PetroVietnam Technical Services Corporation Mechanical and Construction (PTSC M&C) is planning to export the Marahaja Lela South oil rig to Brunei this June. The company earlier won the US$100 million contract to build the oil rig from investor Total E&P Borneo BV, affiliated with France's Total Corporation. PTSC M&C has completed the project's jacket in Brunei, weighing nearly 1,200 tonnes, and is working to complete the oil rig's topside, weighing nearly 3,000 tonnes, in the southern coastal province of Ba Ria-Vung Tau. In 2013 the company also won a $70 million procurement and fabrication contract for the Heera Redevelopment – Process Platform project operated by India's Oil and Natural Gas Corporation. It was performed by PTSC M&C under a contract signed with Afcons, the main contractor of the … [Read more...]

Made-in-Vietnam oil rigs go overseas

Vietnamese engineers have worked to master advanced oil rig construction technology and have now exported their giant oil platforms. The PetroVietnam Technical Services Corporation Mechanical and Construction (PTSC M&C) is planning to export the Marahaja Lela South oil rig to Brunei this June. The company earlier won the US$100 million contract to build the oil rig from investor Total E&P Borneo BV, affiliated with France's Total Corporation. PTSC M&C has completed the project's jacket in Brunei, weighing nearly 1,200 tonnes, and is working to complete the oil rig's topside, weighing nearly 3,000 tonnes, in the southern coastal province of Ba Ria-Vung Tau. In 2013 the company also won a US$70 million procurement and fabrication contract for the Heera Redevelopment – Process Platform project operated by India's Oil and Natural Gas Corporation. It was performed by PTSC M&C under a contract signed with Afcons, the main contractor of the project. The company … [Read more...]

Breakfast @ Tuoi Tre News – March 18

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Enjoy your breakfast while skimming these news items on Tuoi Tre News today, March 18 -- The Ho Chi Minh City People’s Committee has proposed that the Prime Minister approve the handover of a plot where the Saigon-Ba Son complex is to be built to the city, which will select a competent investor to speed up the project. The proposal came as Ba Son Corporation, a Defense Ministry unit, has procrastinated in implementing the project though the company was given the plot in 2011. -- According to the Ministry of Health, almost 100 dossiers have been submitted to three competent hospitals two days after the regulation on surrogate pregnancy took effect on Sunday, March 15. The National Hospital of Obstetrics and Gynecology has selected 10 eligible cases, which will become the country’s 10 first-ever surrogate pregnancy instances. -- Phan Nguyen Nhu Khue, director of the Ho Chi Minh City Department of Culture and Sports, said on Tuesday that his department has instructed … [Read more...]

Vietnam to export $70 million oil rig part to India

Accordingly, PTSC M&C - a subsidiary of the national petroleum conglomerate Vietnam National Oil and Gas Group (PetroVietnam)

PTSC Mechanical and Construction Services Co Ltd (PTSC M&C) under the PetroVietnam Technical Services Corporation (PTSC), on Saturday launched an important part of an oil rig it built under a contract with the Oil and Natural Gas Corp Ltd of India (ONGC) in the southern province of Ba Ria - Vung Tau. - successfully completed the $70 million upper deck of the Heera Redevelopment (HRD) process platform project for ONGC after 17 months of construction, in accordance with the requirements of the investor, said Dong Xuan Thang, director of PTSC M&C. … [Read more...]