On October 6, 2025, in Ho Chi Minh City, Petrovietnam Technical Services Corporation (PTSC) organized the awarding and implementation ceremony for the contract package “Engineering, Procurement, and Construction of Trestle Module & Jetty Topside” under the Ethane Storage Tank Project at the Long Son Petrochemical Complex in Southern Vietnam (LSPET).
As a member of the PTSC & TCC EPC Consortium (TCPT Consortium), PTSC conducted negotiations and officially awarded the contract package to its two subsidiary companies: PTSC Quang Ngai Joint Stock Company (PTSC Quang Ngai) and PTSC Offshore Services Joint Stock Company (POS) to execute the assigned scopes of work.
The ceremony was held in a formal manner, with the participation of Mr. Pham Van Hung – Vice President of PTSC, Head of the LSPET Project; Mr. Nguyen Hong Ha – Project Director of LSPET, along with representatives of the Project Management Board and functional divisions. Representing the awarded subsidiaries were Mr. Le Hong Phong – Director of PTSC Quang Ngai, and Mr. Nguyen Van Duong – Deputy Director of POS.
According to the signed contract, PTSC Quang Ngai is responsible for a portion of the work scope, including engineering, material supply, and fabrication services for steel structures; the provision of construction, alignment, and tie-in services for pipelines at the Trestle and Jetty Topside areas; as well as the supply of scaffolding and non-destructive examination (NDE) services for its scope of work, ensuring full compliance with the Project’s requirements for quality, schedule, technical standards, and safety.
The evaluation, selection, and awarding of the “Engineering, Procurement, and Construction of Trestle Module & Jetty Topside” package to PTSC Quang Ngai and POS clearly demonstrate PTSC’s capability in coordination and execution as the EPC consortium contractor. By effectively mobilizing and leveraging resources from subsidiaries with appropriate strengths and competitive advantages, PTSC has demonstrated its integrated management capability and synergy across its system, ensuring project implementation in compliance with schedule, quality, and safety requirements of the client. This also reinforces PTSC’s reputation and position in major industrial projects in Vietnam.
| PROJECT OVERVIEW – ETHANE STORAGE TANK PROJECT AT THE LONG SON PETROCHEMICAL COMPLEX IN SOUTHERN VIETNAM (LSPET): The LSPET Project, for which the Petrovietnam Technical Services Corporation (PTSC), acting as a member of the TCPT Consortium, has signed a turnkey EPC contract, involves the construction of two specially designed ethane storage tanks at the Long Son Petrochemical Complex. The contract covers feasibility study, engineering, procurement, and construction of two full-containment cryogenic ethane storage tanks, each with a capacity of approximately 55,000 tons, maintaining temperatures as low as -90 degrees Celsius. The project is expected to be completed by the end of 2027. The LSPET project represents a strategic move to utilize imported ethane from the United States as feedstock. It is expected to significantly reduce feedstock costs, enhance operational flexibility, and contribute to greenhouse gas emission reduction, reaffirming LSP’s long-term commitment to sustainable development and environmental protection in Vietnam. |
Ha Truong
