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Technics awarded S$35 million contract from Vietsovpetro for Dragon oilfield in offshore Vietnam
Contract for provisioning of topside equipments for wellhead satellite platforms, RC-6 and RC-7 expected to commence in September 2010 and is slated for completion by September 2011 Repeat order yet again affirms the established and strong working relationship between Technics and Vietsovpetro. SINGAPORE, 23 September 2010 Mainboard listed Technics Oil and Gas Limited (Technics or together with its subsidiaries, the Group), a leading full service integrator of compression systems and process modules for the global offshore oil and gas sector, today announced that it has secured another EPCC contract from JV Vietsovpetro (VSP) for the provisioning of the topside equipments for wellhead satellite platforms named RC-6 and RC-7 for the Dragon oilfield in offshore Vietnam, worth an estimated S$35 million.
The two platforms from this latest contract are expected to produce up to a total of 84,000 barrels of crude oil per day. Project planning will commence in September 2010 and is targeted for completion in September 2011. Technics will be responsible for the engineering, project management, procurement, fabrication, supervision of installation and hook up, onshore and offshore commissioning of topside modules for the two platforms. It will also supply the full package of equipment and
systems, such as oil and gas processing equipment, power generation, electrical/control, accommodation modules, as well as other auxiliary equipments and systems.
Issued on behalf of Technics Oil and Gas Limited by Cogent Communications Pte Ltd Tel: (65) 6323-1060, Fax: (65) 6222-1210 Ms Liew Shi Wei, shiwei@cogentcomms.com (DID: 63231193; Mobile: 97106507) Mr Roger Poh, roger@cogentcomms.com (DID: 63233178; Mobile: 94552690)