The Petroleum Technical Service Corporation (PTSC) is preparing for the installation of an underwater intra-pipeline network worth 57 million USD for the Dai Hung offshore oil field.

The corporation will cooperate with J. Ray McDermott (JRM), a leading worldwide marine solutions company, to undertake the work, which includes designing, engineering, procurement, and operation, following a contract PTSC signed with the Dai Hung Petroleum Operating Company Limited (PVEP Dai Hung) on Mar. 6.

The underwater pipeline network is part of a series of work that the PVEP Dai Hung will carry out in its operation expansion plan that looks forward to producing 18,000 barrels of crude oil by September 2011./.