Su Tu Trang Jacket is among other works that are successfully completed at PTSC M&C’s fabrica-tion yard. The jacket was loaded out by trailers in May/2012 marking another important milestone with Cuu Long JOC, the operator of Su Tu Trang fi eld in block 15.1 offshore Vietnam.

BD1 PROJECT PTSC M&C’S GLOW OF PRIDE

SU TU TRANG JACKET AND TOPSIDE EN ROUTE TO THEIR LOCATION OFFSHORE VIETNAM

EPCIC CONTRACT SIGNING CEREMONY FOR THANG LONG - DONG DO PROJECT

EPCI CONTRACT SIGNING CEREMONY FOR HAI SU TRANG - HAI SU DEN PROJECT

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THE CALIFORNIA MARITIME ACADEMY’S VISIT TO PTSC M&C

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PTSC M&C ECHOED THE CALLS OF “WORLD ENVIRONMENT DAY”

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CONTENT

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Dear readers, We are now well into 2012 witnessing the fi rst two quarters of this year passing by. In an effort to keep our readers informed of PTSC M&C’s planned activities and functions, we are pleased to release the 2nd issue of PTSC M&C’s quarterly newsletter.

This edition presents a glimpse into the com-pany’s project milestones and one of the high-lights is dedicated to BD1 Project of which the PQP-HT jacket was loaded-out at the end of June. Also the emphasis was made upon PTSC M&C’s social activities to echo the calls of “World Environment Day”.

In the wake of a diffi cult economic recovery, PTSC M&C has strived to navigate our business through the challenging waves caused by the stiff competition in the oil and gas technical service segment and continue with our achievements. Those milestones achieved in passing quarters are lively testimonies of our management’s and employees’ coordinated efforts. Together we are confi dent to grow into an even more vibrant organization while never compromising on our commitment to quality and safety and our com-mitment to clients.

We hope the second version of our company newsletter fi nds everyone well and wish you en-joyable moments of reading.

Sincerely, Phan Thanh Tung, Chairman of PTSC M&C

FROM THE CHAIRMAN

BD1 PROJECT PTSC M&C’S GLOW OF PRIDE

With an amazing record schedule since the fi rst-cut ceremony for BD1 Project in July 2010, PTSC M&C has

made its fi rst milestones in mostly completing the onshore fabrication work, ready for the offshore instal-

lation campaign ahead.

The work-scope of BD1 project encom-passes the engineering, procurement, construction, installation, offshore hook-up support for 01 Central Processing Plat-form (PQP-HT) (including a 70-person-on-board living quarter); 02 Wellhead Platforms namely Hai Thach 1 (HT1) and Moc Tinh 1 (MT1), 03 jackets (for PQP-HT, WHP-MT1 and WHP-HT1); 01 Link Bridge of which the total weight of facilities is approximately 60,000MT coupled with 70km pipelines and 21km subsea cables.

There have been lots of concerted ef-forts made by Bien Dong POC’s and PTSC M&C’s employees to get BD1 project exe-cuted safely and effectively. Such endeav-ors, ultimately, were acknowledged with the load-out and sail-away ceremony of the PQP-HT Jacket on 27th June 2012.

Having attended the ceremony were there Deputy Prime Minister of the S.R of Vietnam, leaders from Ba Ria - Vung Tau Province, Vietnamese Ministries, Minis-try Divisions and representatives of Viet-nam Oil and Gas Group (PetroVietnam). Also did such well-established oil & gas operators and partners as TNK Vietnam B.V, Talisman Vietnam, Premier Oil, KNOC, Thang Long JOC, NSEC, etc. present at this memorable event.

Speaking at the ceremony, Mr. Dong Xuan Thang, PTSC M&C’s Director highlighted that being awarded BD1 project is PTSC M&C’s great achievement yet very chal-lenging in terms of technology and execu-tion schedule. So far, this project has been considered as one of the most technically complicated offshore projects in Vietnam.

The very tight 29-month schedule of the project has presented many challenges to PTSC M&C. Nevertheless, the integrated team formed by PTSC M&C and Bien Dong POC have been side by side in each and every issue to ensure the smooth and suc-cessful project realization, safety, and high quality. As at 14th June 2012, the project has achieved more than 8 million man-hours without any lost time incidents.

That PTSC M&C successfully completes BD1 project will not only be PTSC M&C’s great accomplishment which underscores its competence on a regional scale but also scan the horizon with a greater sense of confi dence in the capability of Vietnamese local EPC/EPCI contractors, added by Mr. Vu Khanh Truong, PetroVietnam’s member of Board of Directors.

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On 14th May 2012, at its fabrication yard in Vung Tau City, S.R Vietnam, PTSC M&C hosted the load-out and sail-away ceremony for the jacket and topside of Su Tu Trang Project, built for Cuu Long JOC.

The ceremony honorly welcomed rep-resentatives from Vietnam Oil and

Gas Group, PetroVietnam Exploration and Production Corporation (PVEP), Petro-Vietnam Technical Services Corporation (PTSC), the management board of Cuu Long JOC and its Partner. Additionally, other oil and gas companies were warmly received by PTSC M&C.

The Su Tu Trang Gas-Condensate fi eld lies in block 15.1 offshore Vietnam together with three more discoveries namely Su Tu Den (Black Lion) Oil Field, Su Tu Vang (Golden Lion) Oil Field, and Su Tu Nau (Brown Lion) Oil Field.

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The contract was awarded by Cuu Long JOC to PTSC M&C in March 2010 cover-ing the engineering, procurement, con-struction, installation, hook-up and com-missioning for a 1,400 ton topside, 1,200 ton jacket, 1,000 ton jacket piles, 19.5 km infi eld pipeline as well as additional modifi cations to the existing Su Tu Vang Central Processing Platform. Till the end of June 2012, the offshore installation campaign has been basically completed and ahead of schedule.

PTSC M&C has secured a major EPCIC contract worth approximately $ 113 million in Vietnam. The contract was awarded by Lam Son

JOC, a joint operating company be-tween PetroVietnam Exploration Produc-tion Corporation (PVEP, Vietnam) and Petronas Carigali Overseas Sdn Company (Malaysia).

The scope of work includes 2 wellhead platforms namely Thang Long and Dong Do with topsides weighing approximately 1,100 tons per each, 15km infi eld pipeline and 87 ton PLEMs (Pipeline End Manifold) and PLET (Pipeline End Termination). The project completion is scheduled for July 2013 supporting the targeted First Oil in October 2013.

Despite the tight schedule, PTSC M&C with a dedicated, experienced and committed project team is striving daily to adhere to the planned schedule whilst upholding the most stringent safety and quality standards.

The contract signing ceremony on 14th May 2012 is the testimony of the collabo-ration between PTSC M&C and Lam Son JOC as well as the trust and confi dence that oil operators are placing in PTSC M&C’s performance and service quality, Mr. Dong Xuan Thang, PTSC M&C’s Direc-tor emphasized.

EPCIC CONTRACT SIGNING CEREMONY FOR THANG LONG - DONG DO PROJECT

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EPCI CONTRACT SIGNING CEREMONY FOR HAI SU TRANG- HAI SU DEN PROJECT

The scope of work covers the detailed engi-neering, procurement, construction, trans-portation and installation, offshore hook-up & commissioning for 02 Well Head Plat-forms namely Hai Su Trang (HST) and Hai Su Den (HSD) with the total weight of ap-proximately 9,000 tons in which the jacket of Hai Su Trang is 1,200 tons, of Hai Su Den is 1,000 tons, the topsides of HST and HSD are 2,000 tons and 1,500 tons respectively. It also includes the drilling decks/ subsea templates (about 600 tons), interconnect-ing pipe-line system and the tie-in pipe-lines with Te Giac Trang (TGT) H1 platform of Hoang Long JOC located in Block 16-1.

Mr. Dong Xuan Thang, PTSC M&C’s Direc-tor stated that what truly counts in the con-tract signing ceremony is the effective co-operation between TLJOC and PTSC M&C. Moreover, the highlight of this ceremony lies in PTSC M&C’s commitment to keep HST-HSD project on track supporting the targeted First oil scheduled for Q2/2013 driven by high safety and quality standards.

In the speech delivered at the ceremony, Mr. Rob Mills, Country Manager of Talisman Vi-etnam Ltd. (Talisman Vietnam) highlighted: “This Project forms part of Talisman’s very substantial on-going commitment and in-vestment in Vietnam. We are very pleased to be in Vietnam, grateful for the oppor-tunity, proud of what we have collectively achieved to-date, very excited for the future and very appreciative for all the support we have and continue to receive from the Gov-ernment of Vietnam and PetroVietnam.”

Thang Long Joint Operating Company (TL-JOC) is formed between Talisman Vietnam and PetroVietnam Exploration & Produc-tion Corporation (PVEP); the JOC has oper-ated block 15-2/01 since 2005 on the de-velopment of Hai Su Trang and Hai Su Den Project. This block is geologically located in the Cuu Long Basin relative to the South Eastern coastline of Vietnam.

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PTSC M&C started the very fi rst weeks of July 2012 by its

announcement of the Contract Signing Ceremony for Hai Su

Trang- Hai Su Den (HST-HSD) EPCI Project. This contract values

approximately $247 million.

The slogan of this year World Environment Day (WED) lies in the theme named “Green Economy: Does it include you?” It is said by the United Nations Environment Program that the Green Economy aims at improving human well-being as well as social eq-

uity whilst dramatically reducing environmental risks and ecological scarcities, adding the fact that a brighter future of our planet earth is built upon our today key concept of economic development. This year WED is in the effort to increase people’s awareness of the negatively severe impact of manufacturing activities on the Mother Earth. Accordingly, having received the support and collaboration of a large number of countries, organizations, govern-ments around the globe will become overwhelming power to wide-spread the objective of the Green Economy. It is believed that all the so-far-given-efforts will make a positive contribution to protect the environment while ensuring and motivating the sustain-able growth.

In order to echo the calls of “World Environment Day”, PTSC M&C has built up detailed action plans for all employees and the management board. Relevant speeches are delivered to raise people’s awareness in the weekly safety meeting every Monday. Also has the company urged the proper mode of execution of the 5S- programme as well as intensifi ed such environment protection efforts as planting trees, classifying waste, etc. More particularly, PTSC M&C’s employees have proactively carried out the following action plans:

• At home: follow the 3R concept for waste minimization namely reduce, reuse and recycle; • In public places: take part in “Keep your City clean” activities;• In workplaces: make proper use of materials, resources in a saving- manner; utilize recyclable materials, keep the working place clean; classify wastes and put them in compulsorily-requested trash cans.

PTSC M&C ECHOED THE CALLS OF “WORLD ENVIRONMENT DAY”

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THE CALIFORNIA MARITIME ACADEMY’S VISIT TO PTSC M&C

The California Maritime Academy (CMA) is one of the seven granting institutions of its kind in the United States. The school was founded as a nautical school in 1929, but in the 1990s, it became the 22nd campus in the California State University system. With approximately 850 students, CMA is the smallest college in the California State University system but it serves one of the highest job placement rates, particularly 95% of its graduates have jobs within 6 months after graduation, said Dr. Nipoli Kamdar, Professor of CMA.

According to Dr. Nipoli Kamdar, Vietnam was chosen as a destination for the CMA trip because it is endowed with a long coastline in which many ports, shipping and logistics companies are operating that could enrich their students’ knowledge af-ter visiting. In addition, the delegation was recommended by the Vietnam Maritime University to call on oil and gas EPCI con-tractors in Vietnam and specifi cally PTSC M&C became one of the highlights of the

students’ trip, Dr. Nipoli Kamdar remarked. At the meeting, some constructive ideas were discussed between the two parties in terms of PTSC M&C working environment, work incentives as well as its policies to at-tract the best candidates from Vietnamese top-notch universities. With the current manpower resource of more than 3,000 people among which the young labor ac-counts for approximately 64%, PTSC M&C has made thorough investment in effective on-job training systems with the aim of supporting new-hires to quickly grasp the concept of their jobs and soon put it into practice. Years by years, the company on-job training systems have superbly dem-onstrated their effi ciency and effectiveness as well as have made a positive contribu-tion to the company development, added by Mr. Dong Xuan Thang, PTSC M&C’s Di-rector.

In closing, CMA’s students were guided to visit PTSC M&C’s fabrication yard in the joyful atmosphere of friendship.

The 18-member delegation com-prising of the professor and stu-dents from the California Mari-

time Academy (CMA) made a two-week visit to various termi-nals, port authorities, shipyards, shipping, logistics and oil & gas companies in Vietnam. On 21st May 2012, the delegation was

warmly received by PTSC M&C

PTSC M&C Newsletter, Q2/2012 Designed by Business Development Department