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PTSC Operates Vietnam Biggest Floating Storage

Vietnam Economy

Petroleum Technical Services Corporation (PTSC), an affiliate of the state-run Vietnam Oil and Gas Group (PetroVietnam), has put into operation the floating storage and offloading unit (FSO-5), the biggest of its kind in Vietnam so far.


The unit took the first oil from block 09-1 in Bach Ho field on November 8, 2010 and offtook 31,855 tons of oil on Jan 8, the Communist Party of Vietnam said.


The 150,000-ton vessel is 258.14 meters long, 46.4 meters wide, and 24 meters high, and is capable of storing and processing a total 173,796 cubic meters of oil.


The ship, which is designed by Monobuog of the U.K. and Sinus of Poland, will help the Vietnam-Russia Oil and Gas Joint Venture (Vietsovpetro) produce oil at the Bach Ho field for ten years.


Vietsovpetro expects to produce 36 million tons of crude oil in the next five years, including 6.31 million tons this year.





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