- PVN over-performs business and production in first 8 months
- PVN pays VND 53,000 billion of tax in first half
- PVN ranks among 500 largest companies in Vietnam
The Prime Minister also said, the Government will open the domestic market and help seek foreign export markets for mechanical products of Vietnam’s oil and gas sector.
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| Vietnam’s oil and gas industry strives to export more mechanical products |
The Vietnam Oil and Gas Group (PVN) has built a modern oil and gas mechanical engineering industry, which can manufacture products that meet the needs of domestic firms for oil and gas exploration and exploitation instead of importing products of the same types from foreign countries
30 years ago, the Vietnam-Russia Joint Venture (Vietsovpetro) had to move its rig base from Baku (Azerbaijan) to oil fields off Ba Ria - Vung Tau province to serve oil and gas exploration and exploitation in Bach Ho oilfield.
Currently, the sector could build, install and operate oil and gas exploration and exploitation rigs on Vietnam's continental shelf. In addition, Vietnam’s petroleum mechanical products are also exported to foreign markets, contributing to increasing the foreign currency account of the country.
One of the milestones in the development of the oil and gas mechanical engineering industry was the successful manufacture of jack-up rigs of Tam Dao 03 and Tam Dao 05, which could operate stably and safely in deep waters up to 90m.
The move listed Vietnam as one of a few countries that could successfully build a world-standard modern oil rig, and promoted the brand of the mechanical engineering sector of Vietnam’s oil and gas industry.
After that, Vietnam’s mechanical engineering sector received contracts from foreign partners on manufacturing and installing oil rigs in foreign countries.
In 2014, an HRD technology superstructure block, which totally weighed nearly 11,000 tons and met all international engineering and technological standards, was successfully manufactured by PVN’s PTSC Marine Engineering Services Company Limited (PTSC M&C) after 17 months, ahead of the schedule. The platform is now being operated absolutely safely and effectively by the ONGC investor (India).
That was the largest oil rig building Vietnam’s PVN had built for a foreign partner after it had beaten various rivals from India and the Middle East at an international bid.
The success of the Bien Dong 01 project demonstrated both financial and technical power of Vietnam’s Oil and Gas industry.
In fact, the Bien Dong 01 was seen as the most complex project of the oil and gas industry in all terms: Progress, technology and scale of the project. The project included a central processing platform of 12,000 tons, a pile base of 17,000 tons, total weight of others (WHP-HT1 and WHP-MT1) up to 20,500 tons as well as underground piping and cables.
All onshore processes of design, procurement and building of the oil rig were completed within 30 months. It was a record that only a few contractors in the world could have done. The success in building the made an important contribution to Vietnam’s oil and gas industry.
In the coming time, Vietnam’s oil and gas industry is predicted to face lots of difficulties and challenges. But it keeps trying its best to fulfill all missions assigned by the Party and State, and deserves to be the country’s spearheaded economic industry.
