Vietnam to hand over $100mn oil rig to Brunei in June
Vietnam to hand over $100mn oil rig to Brunei in June
Vietnam is about to finish building an oil and gas platform to export to Brunei in June in accordance with a US$100 million agreement approved by the former’s PTSC Mechanical and Construction Company and the latter’s Total E&P Borneo B.V. in February last year.
Dong Xuan Thang – director of the PTSC Mechanical and Construction Company, an arm of the Vietnam National Oil and Gas Group (PetroVietnam) – said his firm has completed the construction of the 1,200 ton base (or jacket) of the platform.
Now, it is building the topside of the platform, weighing nearly 3,000 tons, in Vung Tau of the southern Vietnamese province of Ba Ria-Vung Tau.
The two parts of the platform, named the Marahaja Lela South (MLS), will be taken offshore and delivered to the investor, Total E&P Borneo B.V., in June.
In February last year, PTSC M&C and MLS signed a contract to provide engineering, procurement, construction, and commissioning services of the MLS platform to be located in water at a depth of 63 meters offshore Brunei. The value of the contract is $100 million.
In November 2014, PTSC built and exported to India the $70 million topside of the central platform HRD for the Indian Oil and Natural Gas Corporation.
