Stolt Offshore S.A. announced September 5 that it had been awarded a contract valued at approximately US$36 million by state oil producer PetroVietnam Exploration and Production (PVEP) for the Dai Hung Field Extension, offshore Vietnam.
The contract is for the Engineering, Procurement, Construction and Installation work associated with Block 05-1a offshore Vietnam. The field extension, in water depths of 120 metres, comprises 18 kilometres of NKT flexible flowlines and risers, 9km of combined service umbilicals and two mid-depth buoys and ties back five new wells to the existing Dai Hung Floating Production Unit. Offshore installation is scheduled to take place during summer 2006. The vessel carrying out the installation will be the Seaway Hawk.
Jeff Champion, vice President for the Asia and Middle East Region, said, “This award represents a substantial milestone in our development of this region and confirms our customers’ confidence in our ability to deliver SURF(1) projects in this emerging market.”
Stolt Offshore is a leading offshore contractor to the oil and gas industry, specialising in technologically sophisticated deepwater engineering, flowline and pipeline lay, construction, inspection and maintenance services. The Co operates in Europe, the Middle East, West Africa, Asia Pacific, and the Americas.