TechnipFMC Wins EPC Pipe Deal off Vietnam

London-based TechnipFMC has landed an engineering, procurement and construction contract from state-owned PetroVietnam for the Nam Con Son 2 Phase 2 gas pipeline project in southern Vietnam, it said on October 15.

The contract is for construction of 118 km of rigid pipeline and fabrication of subsea structures to tie back the existing Nam Con Son 2 Phase 1 pipeline to the Long Hai Landfall station. The pipeline will pump gas from Su Tu Trang field, the Sao Vang-Dai Nguyet fields, and potentially other deposits in the Nam Con Son offshore basin.

TechnipFMC did not disclose the exact value of the contract, but described it as “significant”, putting its worth at between $75mn and $250mn.

PetroVietnam’s Nam Con Son 2 Phase 2 development has an overall cost of $810mn. Phase 1 was completed several years ago and consisted of 150 km of pipeline linking the Thien Ung and Dai Hung fields to the Bach Ho field.