1

Like any enduring success

story we have grown from a

humble beginning since our

inception in 2001 into one of

the leading turn-key, EPCI

contractor for offshore and

onshore oil & gas industry.

PTSC M&C’s today achieve-

ments have been built upon a

strong foundation of our em-

ployees’ endeavor, sheer pas-

sion and quality-driven disci-

plines that brings exceptional

results and satisfaction to do-

mestic and international cli-

ents.

After 10 years of strong and

consistent development, PTSC

M&C proudly possesses a

strong human resource of

about 4,000 professional em-

ployees and skilled workers,

state-of-the-art facilities and a

well-organized fabrication

yard, all contribute to our pro-

ductivity up to 50,000 tons per

year. At PTSC M&C, we be-

lieve quality works require

quality people; accordingly, we

have developed and main-

tained a dedicated workforce

who are focused and commit-

ted to bringing the best in

everything they do, and they

are those who are capable

enough to sail PTSC M&C

abroad.

PTSC M&C at a glance

Having recognized the essence of Health Safety Environment

(HSE) and Quality Management, PTSC M&C pays strict atten-

tion to fully comply with relevant national and international

HSE and Quality legislations, conventions and standards. More

specifically, quality is considered as part of PTSC M&C’s heri-

tage, and we have established an effective and efficient manage-

ment system measuring the quality of what we do and what we

deliver to clients. Ensuring smooth and successful project reali-

zation, safety, on time and within budget – is the best value we

attempt to deliver to our clients.

Looking ahead, we are confident that PTSC M&C is positioned

to deliver trust, satisfaction and expected business results to

our clients. This is exciting time for us and we are ready for

next challenges as we understand every single employee will

strive daily in pursuit of work and improve themselves with the

aim of inspiring PTSC M&C to embark on a strategic world-

integration program.

PTSC M&C

Newsletter, Q1/2012

Headlines

PTSC M&C at a glance

PTSC M&C- Of top

500 largest Vietnamese

Enterprises

Su Tu Trang Project-

On the way of comple-

tion

BD1 Project– Run to

target

Hai Su Trang Den Pro-

ject- Successfully rowed

up Panel B– Jacket

HST & HSD

Detail Design activities

for Hai Su Den Plat-

form and Thang Long-

Dong Do Platforms &

Infield Pipelines

PTSC M&C fabrication

capability- Ready for

taking off

2012- Health, Safety

and Environment Con-

ference

Mr. Dong Xuan Thang— Director of PTSC M&C

2

13th January 2012 saw the VNR500 Awards Ceremony which acknowledged and honored the achievements of top 500 largest Vietnamese companies, among which PTSC M&C was delight-fully ranked 105th, increased from 155th position in 2010. In the meantime, PTSC M&C’s Parent company was ranked 36th.

Vietnam Top 500 Largest Enterprises by revenue ranking is being conducted under the model of Fortune 500 which is in accor-dance with international standards by Vietnam Report Joint Stock Company. Amongst 300,000 Vietnamese enterprises, top 5,000 ones with high revenue are selected; accordingly, 500 largest en-terprises are shortlisted. The improvement in 2011-year ranking has marked PTSC M&C dramatic business growth positively con-tributed by our passionate and dedicated employees as well and the effective management system being applied at PTSC M&C.

Statistically, there has been an increase of approximately 53% in revenue growth rate in 2011. Such achievement was built upon the successful completion of two main projects namely 100 Men Living Quarter of PetroVietnam Marine Shipyard, Te Giac Trang

of Hoang Long JOC and also the partial completion of other projects that are tentatively finished in 2012 namely Su Tu Trang of Cuu Long JOC, BD1 of Bien Dong POC and so on.

standing events in terms of load-out work for piles, jacket and

topside and the commencement of offshore installation campaign

in May 2012.

gress of more than 97% of

completion. Accordingly,

the onshore work is ex-

pected to be finished in

April 2012 and ready for

offshore installation cam-

paign in May 2012. Some

activities regarding trial fit

for flare boom, boatlanding

along with the weighing

event of topside were exe-

cuted respectively in January

and February 2012. Next

quarter will see some out-

PTSC M&C - Of top 500 largest Vietnamese enterprises

ber 2012. Known as a well-

established operator in Viet-

nam, Cuu Long JOC has been

operating the Petroleum Ex-

ploration and Production ac-

tivities under the Petroleum

Contract for Block 15.1 Off-

shore Vietnam with four great

discoveries namely Su Tu Den

(Black Lion) Oil Field, Su Tu

Vang (Golden Lion) Oil Field,

Su Tu Trang (White Lion) Gas

-Condensate Field and recently

Su Tu Nau (Brown Lion) Oil

Field. Su Tu Trang is the third

project that PTSC M&C is

contracted. The detailed design

work was completed in No-

vember 2011 by Nippon Steel

Engineering Company Limited

(NSEC). Procurement and

fabrication have seen the pro-

Su Tu Trang Project – On the way of completion

With the successful comple-

tion of Su Tu Den North

East Project in July 2010

achieving 2.56 million man-

hours, PTSC M&C has also

attempted to drive Su Tu

Trang project, which was

awarded by Cuu Long JOC

in March 2010, to be com-

pleted in July supporting the

target of First oil in Septem-

Ensuring smooth and

successful project realization,

safety, on time and within

budget is the best value we

attempt to deliver to our

clients

Volume 1 PTSC M&C Newsletter , Q1/2012

3

BD1 Project– Run to target

Hai Su Trang/Den Project– Successfully rowed up Panel B-

Jacket HST & HSD

Having been carried out since

March 2010, BD1 Project is

running to target marking the

biggest ever-built Process/

Quarter Platform by a local

EPCI contractor with key fa-

cilities encompassing 01 PQP,

01 Well Head Platform, jack-

ets, piles, pipeline and subsea

cables weighing approximately

30,000 tons.

Being entrusted by our client ,

PTSC M&C has made great

effort to achieve the target of

project completion in 2012.

Having BD1 project success-

fully completed will be PTSC

M&C’s turning point in con-

ducting EPCI contract for

central processing platforms.

The load-out work is planned

to be performed by one of the

biggest skidways in Vietnam

built by PTSC M&C which is

able to accommodate a 25,000

ton object. Currently BD1

project is under execution and

maintaining project schedule.

Tentative completion date

drops in Q4/2012.

Thang Long Joint Operating Company (JOC) is formed between a famous Canadian oil and gas

operator named Talisman Ltd. and PetroVietnam Exploration & Production Corporation (PVEP)

which is known for having operated block 15-2/01 since 2005 on the development of Hai Su Trang

and Hai Su Den Project.

In Hai Su Trang Den project,

Thang Long JOC has thor-

oughly invested in building up

Hai Su Trang jacket of 891

tons, topside of 2,186 tons,

Hai Su Den jacket of 845 tons,

topside of 1,737 tons, 36 km

pipeline connecting Hai Su

Trang and Hai Su Den, also

performing the connection

between Hai Su Trang with

H1- Te Giac Trang wellhead

platform weighing approxi-

mately 10,870 tons. PTSC

M&C is the main contractor

accountable to delivering this

turn-key project from detail

design to hook-up and commissioning which is tentatively completed in June 2013.

Since the First cut 2 months ago, mostly owning to the project team dedicated workforce, Panel B

for jacket Hai Su Trang and Hai Su Den has successfully been rowed up ensuring project substantial

progress. The remaining horizontal frames are scheduled to be lifted to the final position for Hai Su

Trang Den Jacket in April 2012.

We are positioned to

deliver trust, satisfaction

and expected business

results to our clients

Volume 1 PTSC M&C Newsletter , Q1/2012

4

ness activities to global market and getting more effective coopera-

tion with strategic partners all over the world.

PTSC M&C has upgraded an over-30-ha fabrication yard and

a wide range of well-equipped facilities including cranes of

varied sizes from 30 to 1,200 tons, trucks of 20 to 60 tons,

three-sized skid-ways which are able to accommodate 6,000,

15,000 and 25,000 ton objects, and other equipments such as

forklifts, generators, air compressors, profile cutting machine,

CNC cutting machine, etc.

Along with the thorough investment in tools and equipments,

we have also built up our manpower with qualified and ex-

perienced skillful workers familiar with international stan-

dards. PTSC M&C’s available workforces today are of about

3,500 men including long-term, short-term and subcontrac-

tors’ personnel who are annually trained through various

courses and supervised by more than 100 supervisors in the

fabrication yard.

With our on-hand capability, PTSC M&C now is able to ap-

proach and absorb more fabrication work for onshore and

offshore facilities. Also are we keen on expanding our busi-

MDS, PSI, and PDMS re-

view), SACS 5.3, BOCAD,

Tekla Structure, CAESARII,

PVElite, CADwork 2009,

ETAP, INTOOLS, Auto-

CAD 2010 etc. which are

available for use as per cli-

ent’s or specific package

requirement.

With on-hand supporting

facilities and a resource of

qualified and experienced

engineers and designers

working across all disci-

plines such as Process,

Structural, Piping & Plant

Layout, PDMS, Mechanical,

Electrical and Instrumenta-

tion with engineering execu-

tion support and manage-

ment by experienced Engi-

neering Managers, Project &

Planning Engineers, detail

design work has been pref-

erably performed in Vung

Tau City which allows the inter-

face with other critical EPCIC

activities such as Procurement to

be effectively and timely managed

bringing benefits to Project

schedule as well as offering

smooth transition from Engi-

neering to Commissioning phase.

As scheduled, detail design work

for Hai Su Den and Thang Long

Dong Do projects will be fin-

ished in the middle of June 2012.

Detail Design activities for Hai Su Den Platform and Thang

Long - Dong Do Platforms & Infield Pipelines

Currently, PTSC M&C is exe-

cuting Detail Design for Hai

Su Den Well Head Platform of

Thang Long JOC and Thang

Long – Dong Do Well Head

Platforms and infield pipelines

of Lam Son JOC which include

a topside, jackets, and pipe-

line/PLEM engineering at our

full-fledged Engineering Office

in Vung Tau City. The work is

more than 80% completion

and is being well-performed

ensuring good design quality

and maintaining project sched-

ule.

The Engineering Office is well-

equipped with a Library of

Engineering Codes & Stan-

dards used in Oil/Gas industry

and Computer Aided Design/

Computer Aided Engineering

facilities with the use of soft-

wares such as HYSYS,

AVEVA PDMS (including

We are ready to embark

on a world-integration

program which offers

more interesting and

challenging tasks

Volume 1 PTSC M&C Newsletter , Q1/2012

PTSC M&C’s fabrication capability - Ready for taking off

5

9th March 2012 saw the Health, Safety and Environment Conference at Petro Hotel in Vung Tau

City. Such conference was organized by Vietnam Oil & Gas Group (PVN) with the aim of access-

ing and evaluating the performance of Health, Safety and Environment work in 2011 as well as

drafting action plans for 2012. This is a precious opportunity for exchanging know-how and experi-

ence amongst those companies operating in oil and gas industry in Vietnam. Delightfully at the

conference did PTSC M&C present the efficiency and effectiveness of a systematic technique

named Hazop in indentifying potential hazards in a system and operability problems likely to result

in nonconforming products.

Having attended the conference were there Dr. Do Van Hau – CEO and President of PVN, Mr.

Nguyen Vu Truong Son – Vice President of PVN,

representatives of Vietnamese Ministry of Industry

and Trade, Ministry of Natural Resources and Envi-

ronment, Ministry of Public and Security, Ministry of

Labor, Invalids and Social Affairs, and leadership of

joint venture companies, contractors, operators, and

more than 200 delegators specialized in Health, Safety

and Environment of PVN and across its subsidiaries.

At the conference, PTSC M&C was proudly awarded

by the Ministry of Industry and Trade and PVN for

the achievement of 7 million man-hours without any

lost time injury and having brilliantly performed

Health, Safety and Environment work in 2011.

2012– Health, Safety and Environment Conference

We provide

optimum solution to

Oil and Gas Industry

Volume 1 PTSC M&C Newsletter , Q1/2012

PTSC Mechanical and Construction Joint Stock Company

PTSC Mechanical and Construction JSC

No. 31, 30/4 Street, Ward 9, Vung Tau, S.R. Vietnam

Tel: 84-64-3838834|Fax: 84-64-3838170

Email: ptscmc@ptsc.com.vn| Website: http://mc.ptsc.com.vn