Vietsovpetro awards J. Ray McDermott pipeline contract

March 7, 2006
Vietsovpetro has awarded J. Ray McDermott Far East Inc. a contract to install a 298 km 18-in. gas pipeline.

Offshore staff

(Asia-Pacific) - Vietsovpetro has awarded J. Ray McDermott Far East Inc. a contract to install a 298 km 18-in. gas pipeline.

J. Ray will perform the project in alliance with Petroleum Technical Services Co. (PTSC).

Contracts of this type are typically valued at over $60 million, which is part of the overall over $1 billion Ca Mau development project by PetroVietnam.

The PM3-Ca Mau gas pipeline will originate from the Bunga Raya B (BR-B) platform located on block PM3 in the Commercial Arrangement Area (CAA), of the Gulf of Thailand, to the landfall station in the Ca Mau province of Vietnam.

"The project represents one of the largest pipeline installation jobs undertaken in the Asia-Pacific in recent years, and provides us a great opportunity to leverage the strengths of our offshore capabilities," says Steve Roll, VP and general manager, Asia-Pacific operations.

The contract is part of the Gas Power Fertilizer Coordination Project operated by PetroVietnam.

As part of the project, J. Ray will perform construction engineering, partial procurement, and pipeline installation, including installation of riser at BR-B, using its Asia-Pacific based marine vessels.

"We aim to start work offshore in the first quarter of this year," says Jonathan Chong, J. Ray's project manager.

Completion of the project is slated for September 2006.

03/07/06