PetroVietnam looks to enhance co-operation with global partners

PetroVietnam engineers work on the Nam Con Son 2 gas pipeline.

In doing so, the group is reinforcing a trend that it has set over the last few years, they add.

On February 4, P.V.P, a joint venture between two PVN affiliates, Petro Vietnam Technical Services Corporation (PTSC) and Petro Vietnam Construction Joint Stock Corporation (PVC), co-operated with the Vietnam Waterway Construction Corporation (Vinawaco) to sub-contract a dredging project to the UK’s Boskalis International BV.

The 20-month project will dredge downstream sections of the Nghi Son Refinery’s port.

Four days later, PV Drilling, another PVN member, signed a contract with Singapore-based Falcon Energy Group Limited to build a new version of the jack-up oil rig that is expected to be completed by the end of this year.

To date, PVN has signed 49 investment co-operation agreements and implemented 22 contracts in 13 countries including exploration of the Nhenhexky oil field in Russia and the Giunin 2 oil field in Venezuela, as also a hydropower project in Luang Prabang, Laos.

Since 2007, PVN has been extracting oil from the Nhenhexky oil field as well as the SK 305 lot in Malaysia.

PVN will soon get crude from four other fields: Nam Rong-Doi Moi and Pearl in Vietnam; and D30 and Dana in Malaysia.

“In the coming time, with the target of speeding up development and restructuring, PVN will increase co-operation with foreign partners to start potential projects,” Do Van Hau, general director of PVN was quoted as saying by the Sai Gon Giai Phong (Liberated Sai Gon).

At present, PVN has 40 co-operation projects in the Nam Con Son 2 gas pipeline; the Thai Binh 2, Hua Na and Nhon Trach 1 thermal power plants; the Phuoc An Port; and the Dung Quat Shipyard.