Wednesday, January 23, 2008

Vietnam oil and gas services provider moves south

Oil and gas services provider moves south

BA RIA-VUNG TAU — Specialised oil and gas industry services provider PTSC Offshore Services Co. Ltd. was formally established in the southern province of Ba Ria-Vung Tau yesterday.

This affiliate of the Petroleum Technical Services Corporation, which actually began operations five months ago, has a charter capital of VND25 billion (US$1.56 million), and will provide installation, operational, and maintenance services and supply technical workers for petroleum-related projects.