PTSC maintains properly core services

In the first six months of 2018, PetroVietnam Technical Services Corporation (PTSC) continue to maintain and implement the contracts of supplying specialized vessels; Port operation services; FSO/FPSO Services; Mechanical services; transportation, installation, operation and maintenance services of petroleum projects; seismic surveying, engineering geology and underground survey and repair for oil and gas companies and contractors.

In particular, PTSC's petroleum mechanical services have a good growth with estimated revenue of VND3623 billion in the first half of 2018, up to 51% of the year, increasing 26% compared to the quarter of last year.

Specifically, in the first 6 months, PTSC continued to concentrate on completing Sao Vang - Dai Nguyet project (SVDN) and preparing resources to implement other potential projects; To continue organizing onshore industrial projects well such as: Long Phu 1 Thermal Power Plant Project, Hai Phong Port Warehouse Project, Go Dau Port Expansion Project ensuring quality and progress as requested by customers; continue to approach, follow information closely of potential projects such as Golden Camel, White Lion FF - Phase 2, Bao Vang Field, Kinh Ngu Trang/Vang, Nam Du U Minh, Blue Whale project...

Additionally, PTSC has also proceeded and pursued onshore projects including Long Son Refinery Complex, Dung Quat Refinery Project, Ho Tram Cogeneration Plant, Bao Vang Gas Field, Dinh Co GPP2 and other potential projects.

In the first six months of 2018, PTSC maintain core services properly.

Other core services of PTSC also achieved satisfactory business results. In the first 6 months of 2018, Port Operation services of the PetroVietnam Port have been estimated at VND 758 billion, achieving 56% of the year plan, up 9% over the same period last year; Transportation, installation, connection, operation, repair and maintenance (O & M) of petroleum projects is estimated at 475 billion VND, reaching 59% of the year plan, up 25% over the same period last year. PTSC continues to implement well the management, exploitation and operation of FPSO Ruby II, PTSC Bien Dong 1 FSO, Lam Son FPSO to operate safely and effectively to meet the requirements.

Mai Phuong