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Vietnam wins $300mn contract for oil platform project in Qatar

Vietnam wins $300mn contract for oil platform project in Qatar

Friday, November 16, 2018, 17:01 GMT+7
Vietnam wins $300mn contract for oil platform project in Qatar
A drilling platform manufactured by PTSC Mechanical & Construction (PTSC M&C) in the southern province of Ba Ria- Vung Tau. Photo: Tuoi Tre

A Vietnamese company has won an international contract worth US$300 million to build a drilling platform in Qatar.

PTSC Mechanical & Construction (PTSC M&C), based in the southern province of Ba Ria-Vung Tau, won the EPCI (Engineering, Procurement, Construction and Installation) agreement with Qatar’s North Oil Company, Dong Xuan Thang, the Vietnamese firm’s director, confirmed on Wednesday.

The project, named Al Shaheen, is a production oil and gas field off the northeast coast of Qatar in the Persian Gulf.

The contract package, worth $300 million, includes the construction of three wellhead platforms, each weighing more than 3,000 metric tons, along with three connecting bridges.

The deal calls for PTSC M&C to collaborate with TechnipFMC, a contractor from the United Kingdom, to establish a detailed design for the structures.

A drilling platform is manufactured in the southern province of Ba Ria- Vung Tau. Photo: Tuoi Tre
A drilling platform is manufactured in the southern province of Ba Ria-Vung Tau. Photo: Tuoi Tre

The Vietnamese company will also purchase necessary material and equipment, manufacture, install, and carry out test runs for the three wellhead platforms.

The manufacturing phase is expected to be conducted at PTSC M&C’s warehouse in Vung Tau City, Ba Ria-Vung Tau Province, from the second quarter of 2019 to the first quarter of 2021.

This process is anticipated to create job opportunities for over 3,000 Vietnamese laborers, Thang said.

PTSC M&C outbid major contractors from such nations as Malaysia, Japan, South Korea, and Singapore, the company director stated.

The firm has previously built drilling platforms in Malaysia, France, and India, he added.

Established on May 15, 2001, PTSC M&C is managed by the PetroVietnam Technical Services Corporation (PTSC), a subsidiary of state-run oil and gas group PetroVietnam.

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Duy Khang / Tuoi Tre News

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