Semco, PV Shipyard Set Up Vung Tau Rig Services to Serve Southeast Asia
Denmark's Semco Maritime A/S announced Wednesday that PetroVietnam Marine Shipyard (PV Shipyard) and Semco Maritime JSC have entered into a strategic partnership with the aim to perform rig repair, rig refurbishment and rig upgrades in Vietnam for local and international rig operators and owners in the region. The two companies are combining their strong competences to offer high quality and cost efficient solutions under the alliance brand name: Vung Tau Rig Services.
Vung Tau Rig Services is a competitive and strong new provider of rig services in the South East Asia Region. Semco Maritime and PV Shipyard have worked together since 2012 and the partnership successfully completed two major rig upgrades in 2013. Now was the time to strengthen the cooperation even further.
“We’ve had operations in Vietnam since 2010, and we have been very active within accommodation modules,” says Morten Clausen, managing director of Semco Maritime JSC. “Now we are ready for phase two of our business plan with a focus on upgrades for the South East Asian offshore rig market and doing that with PV Shipyard in our joint alliance, Vung Tau Rig Services holds very promising prospects and adds significantly to our South East Asia presence,” says Morten Clausen.
To strengthen the partnership Semco Maritime moved their office to the PV Shipyard building. The grand opening of the new Semco Maritime office took place July 22 and the opening was well attended by clients and business partners.
The prospects for upgrades in the South East Asian offshore rig market are positive. Some 25 rigs are currently operating in Vietnamese waters and the access to upgrades in Vietnam will appeal to rig owners now having an alternative to moving their rigs to Singapore to have them upgraded. This saves both time and money and the new Vung Tau Rig Services has already identified quay facilities to allow for upgrades of even larger rigs than now.
Managing Director of PetroVietnam Marine Shipyard Phan Tu Giang is pleased with the prospects as well: “We welcome Semco Maritime in our house and as a trusted partner. We unite our competences, enabling us to meet our common goal - to become a leading rig service specialist in Asia. We are proud to generate more jobs to local supply chain as well as providing skilled specialists.”
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- McDermott Settles Reficar Dispute
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea