Sign up | Log in



Home  >>   Daily News  >>   Vietnam  >>Politics  >> Made-in-Viet Nam oil rigs go overseas
NEW UPDATES Asean Affairs  24 March  2015  

Made-in-Viet Nam 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 $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 delivered the project's 8,500-tonne topside to its Indian partner last November.

At the delivery ceremony, K Subrahmanian, a representative from Afcons, said the platform was completed professionally, while maintaining international standards.

Director of PTSC M&C company Dong Xuan Thang told Tuoi Tre (Youth) newspaper that the company had once hired foreign experts to work on detailed design stages, which led to an increase in total expenses.

But since 2009, the company set a target to complete the detailed design stage itself, to help avoid such hurdles, he said.

To that end, PTSC M&C initially invited international partners to train its engineers at the company's headquarters in Ba Ria-Vung Tau Province. The Vietnamese and foreign engineers worked together on several projects, and the company reached its target one year earlier than expected.

The achievement was marked with its engineers completing the detailed design for the Su Tu Vang Tay Nam oil rig on their own in mid-2014.

Thang said the completion of detailed designs for oil rig construction projects by Vietnamese engineers brought in many profits, particularly economic efficiencies. It also helped to minimise project management staff and helped to save millions of dollars on each project, he said.

The use of local workforce also helped the company detect and fix any problems immediately, he added.

"The time to complete the jacket was thus shortened to only five months, instead of up to 11 months, and ten months from the previous 18 months in the case of the topside," he said.

"The loss ratio of the project also dropped to only 5 per cent, instead of 20-25 per cent."

While PTSC M&C is being praised for its efforts, the PetroVietnam Marine Shipyard Company (PV Shipyard) is also enjoying initial successes in its bid to master the leading-edge technology in building jackup rigs.

A jackup rig, or a self-elevating unit, is a type of mobile platform that consists of a buoyant hull fitted with a number of movable legs, and is capable of raising its hull over the surface of the sea, freeing it from reliance on tug boats or heavy lift ships for transportation.

Last October, PV Shipyard started work on the first phase of the $230 million Tam Dao 05 jackup rig for Vietsovpetro, a joint Russian-Vietnamese enterprise. Construction is expected to be completed after 32 months. This is considered the largest and most modern self-elevating rig in Viet Nam, that was built wholly by Vietnamese engineers from detailed design through construction.

In early 2012, PV Shipyard also succeeded in building the Tam Dao 03 platform as part of a $190 million contract with Vietsovpetro. The platform was granted a certificate by the American Bureau of Shipping (ABS) for meeting international standards.

The event helped to list Viet Nam among the few countries in the world that are able to manufacture such jackup rigs.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           March  24 , 2015 Subsribe Now !
• Made-in-Viet Nam oil rigs go overseas Subcribe: Asean Affairs Global Magazine
• Japanese firms look to expand
• Aerospace industry in for big business in Malaysia
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Singapore's first prime minister Lee Kuan Yew dies at 91
• Garuda sees clear skies despite booking $373m loss in 2014
Asean Analysis                    March 20, 2015
• Asean Analysis March 20, 2015
Aftermath Of Botched Philippines Raid Should Concern Washington
Advertise Your Brand

Asean Stock Watch  March 23,  2015
• Asean Stock Watch-March 23, 2015
The Biweekly Update
• The Biweekly Update March 20, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand