PVS launches 5,000-dwt barge and signs four new contracts

At the PTSC lower section seaport of Vung Tau province, Petroleum Technical Service Joint Stock Corp (PTSC - coded PVS) successfully launched its 5,000 tonne barge after nine-month construction.

The barge is 90 metres long, 34.6 metres wide and 5.5 metres high. With this, PTSC will be active in transporting petroleum building components to install offshore, reduce transport cost and time.
First off, the barge will be used to carry topside of northeastern Black Lion (Su Tu Den) oilfield.

On the same day, PTSC signed four supply contracts worth nearly $415 million including Chim Sao project with Premier Oil Co, Black Rhinoceros contract with Hoang Long JOC, Topaz contract with Petronas Caligari Vietnam, and the operating and maintenance service supply contract with Cuu Long JOC.

Also, PTSC contracted to provide a FSO-5 supply service to Vietsovpetro for the crude oil mining in White Tiger (Bach Ho) oilfield.

FSO-5 ship costing PTSC's $208 million was built by Vinashin.

As scheduled, the ship will be finished and handed over by next March. With the load of 150,000 tones, this is the highest floating oil storage warehouse in Vietnam at this time.