McDermott Picks Up Vietnam Gig
- Business & Finance
McDermott has been awarded a transportation and installation subcontract by PetroVietnam Technical Services Corporation (PTSC) for the Idemitsu Kosan Co. (IKC) Sao Vang and Dai Nguyet gas and condensate field developments in the Nam Con Son Basin, offshore Vietnam.
The scope-of-work is expected to cover transportation and installation services for the central processing platform jacket, topside float-over, wellhead platform, flexible pipelines, subsea power cables and auxiliary services.
Installation will be carried out at water depths of between 110 meters and 130 meters.
McDermott said it plans to use resources from Kuala Lumpur, Dubai and Houston for project management and engineering.
The work will be performed from 2019 to 2021.
“McDermott has a strong track record in executing offshore projects in Vietnam and in delivering solutions for PTSC,” said Ian Prescott, McDermott senior vice president for Asia Pacific. “In the last two decades, we have provided engineering, procurement, construction and installation work for large, central processing platforms to pipeline installations in the region. This award enhances our position as a leading integrated oil and gas service provider in the region and reinforces that our experience and local knowledge will ensure project certainty with quality results.”