Thursday, March 13, 2008

Vietnam introduces oil rig construction project

The Ministry of Industry and Trade has submitted to the central government a project to manufacture oil drilling platforms, to be developed by Vietnamese oil drill maker PV Shipyard.

The first project entails building a 60-meter self-elevating mobile drilling unit that meets international standards.

The automatic platform, to be floated at sea, represents Vietnam’s first mechanically engineered product employing high-level technology.

PV Shipyard based in Vung Tau has signed a cooperative agreement with LeTourneau Technology Inc., a US manufacturer of front-end loaders, log stackers and self-elevating mobile offshore drilling rigs, to develop projects to build mobile oil platforms in Vietnam.