Contractor for Oil and Gas Projects and Offshore Renewable Energy Projects

LATEST NEWS

12/02/2024Press release Offshore Wind and Oil & Gas series of events

11/05/2024PTSC was honored as Vietnam Value Products 2024

09/25/2024PTSC participates in WindEnergy Hamburg 2024

09/24/2024PTSC Signs Strategic Partnership Agreement with Excelerate Energy and Equipment Supply Contract with Enerflex in New York

08/29/2024Awarding Ceremony for the Wind & Metocean Measurement Services and Geotechnical Desktop Study of Vietnam – Singapore Offshore Renewable Energy Export – Import Project

05/30/2024PTSC achieved 06 million safe working hours and completed the first Suction Bucket Jacket for the Greater Changhua 2b and 4 Offshore Wind Farm Project for Ørsted.

04/25/2024Hai Long 2 &3 OWF Project: OSS Topsides start sailing to Taiwan

04/16/2024PTSC completed the final integration for the first foundation of offshore windfarm Greater Changhua 2B&04

03/05/2024PTSC worked with the Singapore Government Delegation on the Renewable Energy Export Project

02/05/2024Deputy Prime Minister Tran Hong Ha paid a visit and worked with PTSC in Vung Tau City

PetroVietnam Technical Services Corporation (PTSC)

Established on the implementation of Decision No. 458/TTg dated November 24, 1976 of the Prime Minister on approval of master plan to build Vung Tau City to be the petroleum base. Over the past 48 years from inception, having been experienced important breakthroughs, PTSC has become a leading corporation in providing diversified technical services for petroleum, energy and other industries in Vietnam and the region.

Year of Sustainable Development

12949

Owner’s equity
(billion VND)

25828

Total Assets
(billion VND)

10000

Employees

CORE SERVICES

EPCIC FOR OFFSHORE FACILITIES

PTSC is a key subsidiary of Vietnam Oil and Gas Group (PetroVietnam - PVN) specialized in providing mechanical services for Oil and Gas development projects, including: Engineering, Procurement, Fabrication, Construction, Transportation, Installation, Hook-up & Commissioning (EPC/EPCIC) for offshore facilities in Vietnam.

FSO/FPSO

PTSC owns and co-owns 6 FSO/FPSO, provides operation and maintenance services for 8 FSO/FPSO in Vietnam and overseas. PTSC is the leading company in Vietnam who masters the technologies in newbuild, conversion, management, operation and maintenance services for FSO/FPSO.

TRANSPORTATION, INSTALLATION, OPERATION AND MAINTENANCE OFFSHORE FACILITIES

Participated in providing fully-package services of Transportation & Installation (T&I), Hook-up & Commissioning (HUC), Operation & Maintenance (O&M) since 2002, PTSC has succesfully handed over many key projects to domestic and foreign oil and gas clients.

PORT & SUPPLY BASE

PTSC currently owns, manages and operates a nationwide network of ports and supply bases, spreading throughout Vietnam from the North to the South, with a total area of over 320 hectares including: PTSC Dinh Vu Port, Nghi Son Port, Hon La Port, Son Tra Port, Dung Quat Port, Phu My Port, Sao Mai-Ben Dinh Port and PTSC Supply Base.

OFFSHORE SUPPORT VESSELS

PTSC currently owns and operates a major/dedicated fleet of offshore vessels in Vietnam for the oil and gas industry including: Anchor Handling Tug Supply (AHTS) vessels, Support Vessels (OSV& PSV), Dynamic Positioning (DP1 & DP2) vessels, Seismic Support vessels, Field Standby and Safeguard vessels, etc. PTSC’s fleet of vessels is operated by highly competent and experienced crew members from Vietnam and abroard.

GEOLOGICAL SURVEY, ROV SURVEY & REPAIR OF SUBSEA FACILITIES

PTSC provides geological and geophysical survey, survey and repair of subsea facilities using ROV (Remote Operated Vehicle), provision and operation of specialized ROV survey vehicles and equipment. PTSC is the exclusive subsidiary of PetroVietnam with sufficient capacity and experience to carry out such survey services that meet international standards.

EPC FOR INDUSTRIAL PLANTS

Since the success of GPP Dinh Co and Nam Con Son gas-condensate storage tank in the 2000s, PTSC has now expanded its implementation of EPC services for various onshore industries such as thermal power/oil refinery plants, technological and mechanical skids, petrochemical and fertilizer plants, etc, met the international standards and the most stringent requirements of the clients.

RENEWABLE ENERGY

To adapt with the transition from traditional hydrocarbon to renewable energies, PTSC has been actively involved in the renewable energy, especially offshore renewable energy, with a role both as the services provider and the project investor/developer.

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TYPICAL PROJECTS

ONSHORE PROJECTS

LONG SON PETROCHEMICALS - LSP

Package A1 – Olefins Factory

Client: Long Son Petrochemical Co., Ltd

Location: Vietnam

Duration: 12/2019 –On going

Scope of work: Piling, Civil, Steel Structure Erection, Mechanical Erection, Piping, Pre-Cast Rack Erection, Common Scaffolding, Painting, Insulation Works and EPC Tank

OFFSHORE PROJECTS

SAO VANG - DAI NGUYET PROJECT

Client: Idemitsu Kosan Co., Ltd

Location: Vietnam

Duration: 2017 – 2021

Scope of work: EPCIC for Sao Vang Central Processing Platform (CPP) and Dai Nguyet Wellhead Platform.

ONSHORE PROJECTS

THI VAI LNG TERMINAL PROJECT

Client: PV GAS

Location: Vietnam

Duration: 07/2019 – 10/2022

Scope of work: EPCC for Thi Vai LNG Receiving Terminal.

OFFSHORE PROJECTS

GALLAF 1 PROJECT

Client: North Oil Company

Location: Vietnam - Qatar

Duration: 2018 – 2021

Scope of work: EPCIC for 03 Wellhead Platform Topsides (WHPs) & 01 Linked-bridge.

OFFSHORE PROJECTS

BIEN DONG 01 PROJECT

Client: BIEN DONG POC

Location: Vietnam

Duration: 2010 – 2012

Scope of work: EPCIC for Hai Thach Central Processing Platform (CPP) and HT1 & MT1 Wellhead Platforms.

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INVESTORS

Investor news

09/16/2021Announced the last registration date to exercise right to receive dividends in cash in 2020

09/14/2021Published the Resolution on payment of 2020 dividends in cash

06/12/2021Signed the audit contract and review the Financial Statements 2021 prepared in accordance with Vietnamese Accounting Standards

05/15/2021Published the Charter and Internal Rules of PTSC

Investor Relations

Document Management

PVS stock

Press release Offshore Wind and Oil & Gas series of events

Operating News

PTSC Signs Strategic Partnership Agreement with Excelerate Energy and Equipment Supply Contract with Enerflex in New York

Operating News

Awarding Ceremony for the Wind & Metocean Measurement Services and Geotechnical Desktop Study of Vietnam – Singapore Offshore Renewable Energy Export – Import Project

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HSEQ NEWS

PTSC maintains an integrated health, safety and environment management framework according to the international accepted standards codes of ISO 9001, ISO 14001 and ISO 45001

SUBSIDIARIES

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Contractor for Oil and Gas Projects and Offshore Renewable Energy Projects

Contractor for Oil and Gas Projects and Offshore Renewable Energy Projects

Contractor for Oil and Gas Projects and Offshore Renewable Energy Projects

LATEST NEWS

PetroVietnam Technical Services Corporation (PTSC)

Year of Sustainable Development

Owner’s equity (billion VND)

Total Assets (billion VND)

Employees