US producer Murphy Oil has awarded a contract to PTSC Mechanical & Construction (PTSC M&C) for the engineering, procurement, construction, and installation (EPCI) contract for the Lac Da Vang project offshore Vietnam.
The Lac Da Vang field is in Block 15-1/05 of the Cuu Long Basin on the south-east continental shelf of Vietnam, about 120 km east of Vungtau City. Murphy holds a 40% interest in the block and serves as the operator of Block 15-1/05 together with its partners PetroVietnam Exploration Production Corporation (35%) and SK Earthon (25%).
The initial Lac Da Vang Phase 1A development includes a central complex platform to process crude oil and export it through a pipeline, directing to the infield floating storage and offloading vessel. The platform, Murphy's first offshore project in Vietnam, is expected to have throughput of between 30,000 and 40,000 BOE/D.
The EPCI contract covers project management, detailed engineering, procurement, construction, transportation, installation, hookup, and commissioning, with topsides weighing more than 6,000 metric tons, and the substructures—jacket and piles—more than 5,000 metric tons.
The platform is slated for commissioning during the second half of 2026, with most of the work performed at PTSC’s offices in Vungtau City, Vietnam.
“Murphy is pleased to celebrate this significant milestone in the Lac Da Vang project, our first development in Vietnam,” said Jason Ritchie, general manager of the development, at the contract signing ceremony. “We are excited to begin the next phase of the Lac Da Vang project with PTSC and hope that this is the first of many projects that we execute together in Vietnam for the benefit of our stakeholders. The Murphy team looks forward to continuing our collaborative working relationship with PTSC to safely and efficiently deliver this significant energy project.”
Murphy sanctioned Lac Da Vang in November 2023. The field has estimated gross recoverable resources of 100 million BOE.
