Vietnam's PTSC to Install Underwater Pipelines at Dai Hung

Vietnam's Petroleum Technical Service Corporation (PTSC) is preparing to install an underwater intra-pipeline network worth US $57 million for the Dai Hung offshore oil field.

The Corporation will cooperate with J.Ray McDermott, a leading worldwide marine solutions company, on the project including designing, engineering, procurement, and operation.

The underwater pipeline network is part of a series of work that the PVEP Dai Hung will carry out in its operation expansion plan that aims to produce 18,000 barrels of crude oil by September 2011.

(C) 2010 Asia Pulse Pte Ltd.

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