A consortium comprised of McDermott and Petrovietnam Technical Providers Company (PTSC) has secured a restricted letter of award from Phu Quoc Petroleum Working Firm for Vietnam’s multibillion-dollar Block B gas-to-power mission.
Below the complete mission scope, the consortium will present engineering, procurement, development, set up (EPCI), and hook-up and commissioning providers for a central manufacturing platform, residing quarters platform, flare tower, and bridges for the Block B fuel improvement mission off the southwest coast of Vietnam.
“This award combines our 50 years of expertise executing advanced EPCI tasks within the area with PTSC’s technical strengths,” stated Mahesh Swaminathan, McDermott’s senior vp of subsea and floating Amenities. “Collectively, we’ll provoke this necessary groundwork as we finalise the complete mission scope and finally ship one other world-class mission for Vietnam.”
The total mission contract is anticipated to be executed between the events in early 2024 with an award worth of greater than $1bn.
Block B, situated within the Malay-Thổ Chu basin, is considered one of Vietnam’s most vital pure fuel exploitation websites. The mission was first introduced in 2016 however confronted a number of delays. Petrovietnam, the mum or dad of Phu Quoc Petroleum estimated a complete funding of $10bn. The mission is presently in approval stage with a last funding choice anticipated in late 2023 or early 2024. Industrial manufacturing might begin in 2027.