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Vung Tau, Vietnam July 2010: Following the successful completion of the Su Tu Den wellhead platform, PTSC (M&C) has awarded the cables supply contract for TGT (white rhinoceros) H1 well head platform to Cables International.
The cables contract involves the fast-track supply of all cables from factory to job-site at PTSC (M&C) in Vung Tau within 8 weeks.
As part of the project scope, full project documentation is provided including regular progress reporting, project data book, factory inspection and independent test certification and cable test reports. Cables International produces all of the required documentation on all projects to ensure the highest quality of product and service is achieved at all times, to ensure that the client is fully informed at each step of the process and to maintain a full audit trail throughout.
The Te Giac Trang oil field is located offshore Vietnam, in the northern part of Block 16-1 in the Cuu Long Basin some 62 miles (100 kilometers) southeast of Vung Tau in waters measuring 148 feet (45 meters). Hoang Long JOC, a partnership compromising PetroVietnam, Soco International, PTTEP and OPECO, operates the field; Soco holds the remaining 50% interest.
Following the success of several drill stem tests performed and the reserve assessment report, the Vietnam Government confirmed the field as a commercial discovery. Furthermore, the Ministry of Industry and Trade approved the development plan for the field on September 21, 2009.
First oil from the field is targeted for mid-2011.
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