PetroVietnam Broadens and Deepens Cooperation with Singaporean Partners

1501962-201463151859-singapore

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, Vietnam Business Forum interviewed Mr Nguyen Hung Dung, Deputy CEO of PetroVietnam, who is in charge of some cooperation projects with Singapore. Anh Dao reports.Could you briefly talk about PetroVietnam's cooperation and investment with Singapore partners? What are the key projects? … [Read more...]

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 operating without business licenses and selling psychotropic drugs and drug precursors without permits. The inspectors will target Can Tho, Danang, Haiphong, Hanoi and Ho Chi Minh City, Duong Xuan An, the ministry's deputy chief inspector, said at a recent meeting in Hanoi. The ministry also plans to compile and submit to the Government a project to improve medical inspectors' skills by 2020. Speaking at the meeting, Minister Nguyen Thi Kim Tien ordered all health departments to inspect the … [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 quality PTSC, a member unit of PetroVietnam Group, was established on February 9, 1993 from the merger two PetroVietnam units, namely Geophysical and Petroleum Services Company and Petroleum Technical Services Company. From a little-known service provider, PTSC has now become a leading provider of oil and gas technical services of the Vietnamese oil and gas industry, and gradually asserted its position and name on the international market. PTSC brand name has been widely known to domestic and foreign … [Read more...]

PTSC Conquers the Ocean

oil-platform-panel-hai-thach-oil-field-489667-100x100

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

deputy-prime-minister-hoang-trung-hai-present-ceremony-462516-100x100

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

bien-dong-poc-close-coordination-with-other-petrovietnam-companies-to-achieve-bien-dong-1-project-key-milestones-1207143-20111122225111-moc-tinh1

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

new-prospects-of-cooperation-with-singapore-and-malaysia-1205983-20111018165021-dien-dan-tai-malaysia

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...]

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 offshore installation and construction project in Vietnam so far, with an estimated investment capital of about 1.12 billion USD. … [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...]

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

1538121-cvh

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...]