PetroVietnam Affiliate Wins Oil Rig Deal in Malaysia

Viet Nam’s Petroleum Technical Services Company has clinched a deal worth almost US$70 million from TalisMan-Malaysia Company to design and build oil rigs in the Malaysian waters.

The contract, signed on Monday in Ha Noi, is part of Malaysia’s Bunga Orkid project. The Vietnamese company, an arm of the Vietnam Oil and Gas Corporation (PetroVietnam), will make a construction volume of about 3,000 tons.

The project is planned for completion over 12 months.

Source: TTXVN – Translated by Tuong Thuy

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