PTSC M&C to Develop Platform for Su Tu Vang South West Oil Field [26/06/2014]

PTSC M&C to Develop Platform for Su Tu Vang South West Oil Field

VietnamEnergy - 

Petrovietnam Technical Services Corp’s Petroleum Mechanical & Construction Services (PTSC M&C) on June 20 signed an EPCI contract with the Cuu Long Joint Operating Co. (Cuu Long JOC) for the Su Tu Vang South West field development.


The contract covers the engineering, procurement, construction, installation and commissioning of a platform at Su Tu Vang South West field, with an estimated workload of over 2,000 tons.

The field is located in Block 15-1 of the Cuu Long Basin offshore the southern province of Ba Ria Vung Tau.

The engineering and procurement for the project is scheduled for completion in September.

PTSC M&C and Cuu Long JOC last December also reached a similar contract to develop two wellhead platforms for Su Tu Nhau oil field to the north of Block 15-1.

First oil from the Su Tu Nau and Su Tu Vang South West projects are targeted for the fourth quarter of 2014.

Partners in Cuu Long JOC are Petrovietnam Exploration and Production Corp, Perenco, Korean National Oil Corp., SK Corp. and Geopetrol Vietnam SA. The joint venture explores and taps oil at Block 15-1 in Vietnam’s continental shelf.

The JV is operating four oil fields in the block namely Su Tu Den (Black Lion) Oil Field, Su Tu Vang (Golden Lion) Oil Field, Su Tu Trang (White Lion) Gas-Condensate Field and a recently discovered Su Tu Nau (Brown Lion) oil field.

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