US marine contractor Global Industries has signed a $17 million contract with Japan Vietnam Petroleum Company (JVPC) to install pipelines for the Rang Dong and Phoung Dong field development projects off Vietnam.
The contract includes project planning, transportation and installation of four pipelines with a total length of 37.8 kilometres. The offshore installation is scheduled for the second quarter of 2008. Meanwhile, Global will be providing Saipem underwater saturation diving services to support the repair of Thailand-based PTT Exploration & Petroleum’s gas transmission trunk line in the Gulf of Thailand. The project is valued at about $10 million.
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