PTSC lands Su Tu Vang work

Signing secured: PTSC gains EPCI contract for Golden Lion project

Vietnam’s PTSC has been awarded the engineering, procurement, construction and installation contract for the Cuu Long joint operating company’s Su Tu Vang (Golden Lion) South West fast-track project off Vietnam.

The SVSW project is one of several development schemes by the PetroVietnam-led joint venture at the hydrocarbon-rich block 15.1 in the Cuu Long basin.

Under the contract, PTSC will provide EPCI services as well as offshore hook-up & commissioning for a 2000-tonne tripod platform to be linked to the existing Su Tu Vang Central Processing Platform around seven kilometres away.

The Su Tu Vang CPP is designed to process 100,000 barrels of oil equivalent including 160,000 million cubic feet per day of gas.

The contractor has already been working on fabrication work for the project after a letter of intent was signed last November, and hopes to begin offshore installation of the jacket and topsides as soon as September.

PetroVietnam Exploration & Production vice president Ngo Huu Hai said the project remained on track for first oil this year and praised the speed of engineering work so far, with jacket delivery offshore coming only 106 days from the cutting of first steel.

PetroVietnam owns a 50% interest in Cuu Long JOC, with Anglo-French outfit Perenco on 23.25% following a purchase of ConocoPhilips’ Vietnam assets in 2012. The remaining interests are held by Korea National Oil Company, Singapore’s SK Energy and France’s Geopetrol.

The other four fields at the prolific block are Su Tu Den (Black Lion), Su Tu Trang (White Lion), Su Tu Nau (Brown Lion) and satellite Su Tu Den NE.

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