PetroVietnam company launches office in Malaysia

The Vietnam Petroleum Technical Services Corporation (PTSC) launched its branch office in Kuala Lumpur on August 2, paving the way for setting up PTSC’s subsidiary company in Malaysia.

Addressing the launching ceremony, Dinh La Thang, Head of the board of directors of the Vietnam National Oil and Gas Group (PetroVietnam), stressed that opening the office in Malaysia marks the unceasing development of the PTSC.

Through international bids, PTSC has exported service packages worth up to hundreds of millions of USD to Malaysia in recent years, thus meeting its revenue target as well as contributing to the country’s foreign currency resources, PTSC General Director Nguyen Hung Dung told a Vietnam News Agency correspondent.

A member of the Vietnam National Oil and Gas Group, PTSC provides technical services to the oil and gas industry.

According to the PTSC General Director, the office in Malaysia will help to the corporation further penetrate the southeast Asian nation and affirm its commitment to providing high-quality services.

PTSC has won contracts to provide oil and gas-related technical services to partners in Malaysia. PTSC joined hands with Malaysia International Shipping Corporation (MISC) to win an international contract for providing, installing, operating and maintaining the FPSO Ruby II floating tank under an eight-year contract for the Petronas Carigali Vietnam Limited (PCVL). They also provided the FSO Orkid oil ship for Talisman Malaysia and other services.

PTSC has a fleet of more than 20 ships and strives for 100 ships by 2050. – Vietnam+

Tags: PetroVietnam, PetroVietnam Malaysia

Posted by VBN on Aug 3 2010. Filed under Enterprises, Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry