Semco Maritime aims to lure rig business away from S’pore

Hanoi: Semco Maritime has signed a new cooperation agreement with two Vietnamese companies.

“The new agreement will make Vietnam a centre for upgrade and repair of drilling rigs to Southeast Asia’s major oil and gas industry,” Semco said in a statement.

Semco Maritime signed with PetroVietnam Marine Shipyard and PVD Tech, members of the PetroVietnam Group.
The ambition for the new partnership is to make the port of Vung Tau in the southern Vietnam into a centre for upgrade and repair of drilling rigs to Southeast Asia’s major oil and gas industry.

Vietnam alone has an oil and gas production which is 20% larger than the Danish production in the North Sea, Semco noted in a release.

“The new agreement is a very important breakthrough for Semco Maritime. The market for rig projects in Southeast Asia has been a strategic focus area for us during the past 3 to 4 years where we have established our own production facilities in Vietnam. Now we bring all our competences and experience from international rig projects into play on the market” said Hans Peter J?rgensen, Senior Vice President, Semco Maritime.

Today, the operators in the waters in and around Vietnam use facilities in for instance Singapore and consequently spend 8 to 10 days towing the drilling rigs to the port and back again.

“Through the new co-operation, the international rig operators will have a new competitive alternative in Vung Tau. Here, the Vietnamese partners can provide modern yard facilities and we will contribute with our great expertise from similar projects for international rig operators in the North Sea”, J?rgensen said.  [14/11/12]

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