PetroVietnam

PTSC Mechanical & Construction will execute the turnkey agreement covering a large, fixed platform.

Lac Da Vang is expected to deliver as much as 40,000 BOE/D at peak.

The plants are expected to be put into operation no later than 2024.

Amidst a conflict between Vietnam and China over the South China Sea, the Malaysian company’s 10-year deal to supply an FPSO for the Ca Rong Do offshore field is now history. Repsol, the operator of Ca Rong Do, suspended the project last year in the wake of government pressure.