J. Ray McDermott, S. A. (J. Ray) announced today that its subsidiary J. Ray McDermott Far East, Inc. has been awarded a transportation and installation contract by PTSC Mechanical & Construction Company Limited (PTSC) for the Te Giac Trang (TGT) field development project, offshore Vietnam.
“This is the second contract that J. Ray has won in Vietnam this year,” said Steve Johnson, President and CEO of J. Ray. ” We are pleased that J. Ray’s strong marine capabilities and extensive offshore construction experience in Vietnam have positioned us to win this project. This award further solidifies and acknowledges the long relationship we have with PTSC.”
The scope of work includes transportation and installation of two wellhead platform jackets, topsides (including two drill decks, a main deck and helideck / electrical house), infield pipelines (including tie-spools and one pin-piled pipeline end manifold), and a subsea isolation valve.
Work is expected to start in the 3rd quarter of 2010.
The TGT oilfield is located in the northern part of Block 16-1 offshore Vietnam, around 100 kilometers south east of Vung Tau City, in a water depth of approximately 45 meters, and is operated by Hoang Long Joint Operating Co.