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VietNamNews

Work begins on made-in-VN offshore rig

Update: October, 27/2014 - 09:01
Invested by the Viet Nam-Russia Oil and Gas Joint Venture (Vietsovpetro), the oilrig is expected to be completed within 32 months at a total cost of US$230 million.— P:hoto baocongthuong

BA RIA-VUNG TAU (VNS) — A ceremony to launch the construction of the Tam Dao 05 offshore oilrig, the second locally-manufactured jack-up rig, was held in the southern province of Ba Ria- Vung Tau yesterday.

Invested by the Viet Nam-Russia Oil and Gas Joint Venture (Vietsovpetro), the oilrig is expected to be completed within 32 months at a total cost of US$230 million.

The 120 metre jack-up rig will weigh almost 18,000 tonnes when it is fully completed, and drill to a depth of 9 kilometres.

According to Vietsovpetro Director General Tu Thanh Nghia, the company was currently renting four foreign oilrigs at a total cost of $220 million per year. This oilrig could help reduce costs for the company.

PetroVietnam Marine Shipyard JSC (PV Shipyard) built the first made-in-Vietnam jack-up rig, the Tam Dao 03, weighing nearly 12,000 tonnes. The Tam Dao 03 platform, including a helicopter deck, can drill as deep as 6 kilometres.

In addition, PV Shipyard also successfully upgraded the Tam Dao 02 oilrig for Vietsovpetro in October. — VNS

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