Keppel to support construction of Vietnam’s first tension leg wellhead platform
- Business & Finance
Keppel Offshore & Marine’s subsidiary, Keppel FloaTEC LLC, has secured a contract to provide engineering, technology and construction management support services for Repsol’s Ca Rong Do tension leg wellhead platform (TLWP) to be built in Vietnam.
The Ca Rong Do field is operated by Repsol’s subsidiary Talisman Vietnam.
The contract was awarded to Keppel by PTSC Mechanical & Construction (PTSC M&C), which is the main engineering, procurement, construction and installation (EPCI) contractor for the TLWP. PTSC M&C is the service arm of Vietnam Oil and Gas Group (PetroVietnam),
Keppel said on Thursday that its contract for work on the first platform of its kind in Vietnam is worth about $40 million. When installed, it will be the first three-column TLWP in the offshore oil and gas industry, Keppel added.
When completed, the TLWP will be deployed in the Ca Rong Do field development, located in Block 07/03 offshore southern Vietnam. It will be part of the overall field development plan which includes the development of a TLWP, a tender assisted drilling (TAD) vessel and a floating production storage and offloading (FPSO) vessel. The platform will be located in a water depth of 320 meters and host up to 20 wells including oil production, water injection and gas injection.
In related news, Malaysia’s Yinson on Wednesday informed it had secured a contract with Talisman Vietnam for the provision of an FPSO for the Ca Rong Do field.
Commenting on the TLWP contract award, T K Das, President of Keppel FloaTEC said, “We are proud to contribute to the first Tension Leg Wellhead Platform in Vietnam. It is a testament to Keppel FloaTEC’s technical strength and expertise, and the advantages our patented ETLP (Extended TLP) technology brings to this project.”
Keppel FloaTEC’s work on the wellhead platform comprises hull and mooring engineering, topsides basic engineering as well as construction management support services.
Chris Ong, Acting CEO of Keppel O&M said, “I am confident that this TLWP will become the preferred proven solution for projects of similar water depths.”
Dong Xuan Thang, Chairman and Managing Director of PTSC M&C said, “This is a significant milestone for Vietnam in expanding our capabilities to build a complex production platform in-country.”
Offshore Energy Today Staff