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McDermott-PTSC Consortium Wins Major Contract in Vietnam

A consortium led by McDermott and Petrovietnam Technical Services Corporation (PTSC) wins a major contract for the Block B gas development project, off the southwest coast of Vietnam.

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A leading consortium, including McDermott and Petrovietnam Technical Services Corporation (PTSC), has won a crucial contract for the Block B gas development project. The project, located off the southwest coast of Vietnam, encompasses a wide range of services, including engineering, procurement, construction, installation (EPCI) and commissioning (HUC).

 

The Block B Gas Development Project Contract

 

The company’s scope is vast, covering the provision of EPCI and HUC services for several key components. These include a central production platform, a platform for living quarters, a flare tower and various walkways. The importance of this contract is underlined by its value, in excess of $1 billion.

 

Consortium collaboration and expertise

 

Mahesh Swaminathan, McDermott’s Senior Vice President of subsea and floating facilities, expressed confidence in the consortium’s capabilities. He said, “This award combines our 50 years of experience in executing complex EPCI projects in the region with the technical strengths of PTSC. Together, we will initiate this important work as we finalize the full scope of the project and ultimately deliver another world-class project for Vietnam.”

In keeping with the principles of neutrality and objectivity, it is important to highlight the technical and logistical aspects of this project. The collaboration between McDermott and PTSC brings together significant expertise and resources to ensure the success of this ambitious undertaking.

 

In conclusion, the consortium led by McDermott and PTSC has been awarded a substantial contract for the Block B gas development project in Vietnam. This project, with its comprehensive scope and significant value, highlights the importance of international collaboration in the energy sector. It not only strengthens the region’s infrastructure, but also underlines the commitment to delivering high-quality projects that benefit Vietnam and the global energy landscape.

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