Viet Nam/South China Sea: Vietnam to Build Big Oil Rigs

Nov 8, 2014 | Dat Viet, VietnamNet
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The Vietnam National Oil and Gas Group (PetroVietnam), Vietsovpetro (the main investor) and PV Shipyard in October held a keel laying ceremony for the Tam Dao 05 oil rig after five months of construction.

Tam Dao 05 is a jack-up rig, designed in accordance with Friede and Goldman’s JU-2000E model. It is expected to have a total 18,000 tonnage when it is built, capable of operating at a depth of 120 meters or 400 ft below water, and will be able to drill at a depth of 9,000 meters, or 30,000 ft.

Tam Dao 05 is expected to have a value of $230 million, while the building is scheduled to be completed after 32 months of execution.

This is the second jack-up rig domestically manufactured by subsidiaries of PetroVietnam. The first was Tam Dao 03 which was put into operation in 2012....