Company Profile

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Company News


    On 5th April 2016, the First Cut Ceremony of the Daman Development Project Season 2 was hosted at PTSC M&C fabrication yard, marking the commence of the fabrication work.
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    In parallel with the execution of their on-going projects, PTSC M&C has been actively bidding for both domestic and international projects during late 2015 and early 2016.
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    On 15 January 2016, PTSC M&C was officially received the Letter of Award (LOA) from Swiber Offshore (India) for part of the Daman Project, in which ONGC (India) is the operator and Swiber Offshore is the main EPCIC Contractor. This is the result from a long and complicated process between the parties, mainly caused of the project schedule (to be delivered in very short time).
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    After serveral negotiation rounds under the supervision and close guidance from PetroVietnam (PVN) and PetroVietnam Exploration Production Corporation (PVEP); on Jan 15th 2016, PVEP, Cuu Long JOC and PTSC Mechanical & Construction (PTSC M&C) has come together for the EPCI Contract Signing Ceremony for the Su Tu Trang Fullfield Development Project Phase 1 (STT FFD P1).
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  • Load-out ceremony of MLJ3 Topsides in Vietnam

    In continuation to the successful load-out of the MLJ3 jacket at Muara Yard in Brunei, on 12 August 2015 PTSC M&C in coordination with Total E&P Borneo B.V (TEPB) celebrated the load-out ceremony for the MLJ3 topsides, part of the Maharaja Lela South (MLS) Project (the Project). After completion of transportation and installation, PTSC M&C will continue their work-scope in Brunei water in September 2015, ensuring targeted First Gas for the Client – TEPB.
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  • Load-out ceremony of MLS Jacket in Brunei

    On 16 July 2015, PTSC M&C in coordination with Total E&P Borneo B.V (TEPB) hosted the load-out ceremony for the Maharaja Lela South (MLS) Jacket at the Muara fabrication yard operated by PetroleumBrunei Services (PB Services).
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  • Load-out and sail-away ceremony of the TGT-H5-WHP topside

    On 10 July 2015, PTSC M&C in coordination with Hoang Long JOC hosted the ceremony to celebrate the Load-out and Sail-away for the TGT-H5-WHP Topside and the achievement of 1,00,000 working man-hours free of LTIs. In addition, the H5 topsides on this occasion were also name-plated as one of the outstanding projects successfully implemented in celebration of the second congress of PetroVietnam’s Party Committee (2015-2020).
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  • Petrovietnam press release: International arbitral tribunal sides with Petrovietnam in Production-Sharing Contract tax incentive dispute

    In an award issued on 22 May 2015, an international Arbitral Tribunal constituted under the Arbitration Rules of the International Chamber of Commerce (ICC) and comprised of leading international arbitrators Gary Born (Chairman), David A. R. Williams QC and Yves Derains has unanimously agreed with PetroVietnam’s position in a major tax incentive dispute under a production sharing contract for a Vietnamese offshore oil concession. All claims against PetroVietnam were rejected and the claimants were ordered to reimburse PetroVietnam’s costs of arbitration in full.
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  • PRESS RELEASE: Petrovietnam Acquires Two Oil and Gas Exploration And Exploitation Companies And A Pipeline Company Owned By Chevron In Vietnam

    June 17, 2015 - Vietnam Oil and Gas Group (Petrovietnam) has acquired 100% of the shares of the Chevron companies with assets in Vietnam and the operatorship that are part of the Block B, Block 48&95 and Block 52/97 projects, off Vietnam’s continental shelf. These companies include Chevron Vietnam (Block B) Ltd, holding a 42.38 % operating interest in the PSC covering Blocks B and 48/95, Chevron Vietnam (Block 52) Ltd, holding a 43.40% operating interest in the PSC covering Block 52/97 and also the operator under the two PSCs, and Chevron Southwest Vietnam Pipeline Co. Ltd, holding a 28.7% working interest in a pipeline project that would deliver natural gas from offshore to gas users in Vietnam.
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  • PTSC M&C welcomed Ghana National Petroleum Corporation (GNPC)

    A delegation of high ranking officers led by Mr. Alexander Kofi Mensah Mould – Acting Chief Executive of Ghana National Petroleum (GPNC) paid a working visit to PTSC M&C’s premises on 2nd April 2015. Having accompanied GNPC were there representatives from Yinson– the main contractor of the OCTP Ghana FPSO Project (Project).
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