PTSC M&C Inks EPCI Contract for Su Tu Vang South West Project Off Vietnam

Vietnam's PTSC Mechanicial & Construction Co. Ltd. (PTSC M&C), announced that it has inked an engineering, procurement, construction and installation (EPCI) contract with Cuu Long Joint Operating Company (JOC) for the Su Tu Vang South West (SVSW) Project in Block 15.1 offshore Vietnam.

The EPCI deal, signed June 20, also includes transportation and offshore hook-up & commissioning services for a 2,000 ton tripod platform. In addition, PTSC M&C will provide modification work on the existing Su Tu Vang Central Processing Platform.

Cuu Long JOC awarded the Letter of Intent to PTSC M&C Nov. 12, 2013. The Vietnamese firm has completed fabrication and offshore installation work on the SVSW jacket, while fabrication of the topsides is progressing at PTSC M&C’s yard. The completed topsides is scheduled for offshore installation in September.

First oil from the SVSW project is targeted for late 2014.

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