Hoang Long Joint Operating Company, a partnership comprising Petrovietnam, Soco International, PTTEP and OPECO, signed a contract with Bumi Armada Berhad and its partner Vietsovpetro, for the provision of a FPSO (floating production storage and offloading vessel) for the Te Giac Trang Field Development Project in Vietnam.
The Te Giac Trang (TGT or White Rhinoceros) Field is located offshore Vietnam, in the northern part of Block 16-1, in the Cuu Long Basin
Executive Director and Chief Executive Officer of Bumi Armada, Hassan Basma, said, "We thank HLJOC for this contract as it recognizes
Nguyen Huu Tuyen, the General Director of Vietsovpetro said, "Following the success of Ca Ngu Vang Project (Gold Tuna or CNV Project) which had been tied-in to our Bach Ho existing facility and the celebration of a year getting the first oil, this contract which we have won in cooperation with Bumi Armada marks another milestone in the development of our capacity. It is a result of accumulation of over 28 years experience in building and growing in our core business of oil and gas exploration and production. We believe that the participation of Vietsovpetro in this project will contribute a lot of benefit to our client on its full-field development in Vietnam."
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