Following a period of navigating numerous difficulties, Petroleum Equipment Assembly & Metal Structure Joint Stock Company (PVC-MS) has successfully recovered and strongly developed its production and business activities. The company has not only achieved success in domestic projects but has also marked a significant milestone by expanding into the international market, showcasing its solid capabilities and potential. This was affirmed by winning the contract for the procurement and onshore fabrication of the Wellhead Platform Jackets and Topsides, which belong to the Wellhead Platform and Interconnection Pipeline Project. This project is executed by Mazagon Dock Shipbuilders (MDL) as the Main Contractor and India's leading oil and gas corporation, Oil and Natural Gas Corporation Limited (ONGC), as the Project Owner.
Overview of the Kick-off Meeting in India.
A Spectacular Transformation and the Journey Towards International Projects
This achievement is the culmination of PVC-MS's strategic restructuring and continuous, relentless effort. After successfully overcoming various challenges, the company focused on strengthening its internal resources, optimizing production, and flawlessly completing a series of key domestic and international projects.
PVC-MS's impressive track record includes: Package A2 for the Long Son Petrochemicals Complex (Owner: LSP-SCG Thailand); fabrication of 2 JA&KA Gallaf Batch 3 Jackets for the Al-Shaheen Field (North Oil Company - Qatar); Topside WHP Dai Hung Phase 3 (Owner: PVEP); fabrication of 13 wind farm foundation jackets for the Orsted Group (Denmark); fabrication of 4 topsides for the Block-B O Mon project chain (Owner: Phu Quoc POC); and the Lac Da Vang Jacket (Murphy Oil Corporation - USA). These projects have consistently received high praise from both domestic and international Owners and General Contractors for adherence to Safety, Schedule, and Quality.
These accomplishments have established a solid foundation of experience, management capacity, and reputation, enabling PVC-MS to confidently enter the competitive bidding race for international EPC offshore structural fabrication contracts. Choosing the ONGC project for the tender was a strategic move, perfectly aligning with the company's core competence in complex steel structure fabrication, particularly for oil and gas platforms.
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Overview of the meeting.
Internal Efforts – The Key to Success
This success primarily stems from PVC-MS’s determined internal efforts, driven by the unwavering resolve of the Board of Management and the dedicated spirit of the entire current workforce. Notably, the valuable and precious support from retired leaders and employees, who contributed their expertise, intellect, and experience to build a high-quality tender submission, demonstrated a strong spirit of solidarity and "corporate loyalty", dedicated to the company's development.
Additionally, comprehensive financial, technical, and managerial support from the parent company— Petrovietnam Construction Joint Stock Corporation (PETROCONs)—has created the most favorable conditions for PVC-MS to maximize its capacity and confidently conquer challenges in the international market.
Kick-off Meeting in India – A Crucial Step in Project Deployment
On June 12 and 13, 2025, a high-level delegation from PVC-MS, including Mr. Phan Khac Man (Secretary of the Party Committee, Director of the Company) and Mr. Le Sanh Thanh (Deputy Director), alongside key personnel, attended the Kick-off Meeting in Mumbai, India. The meeting involved the Project Owner ONGC, Main Contractor MDL, and Nauvata Energy Transition Enterprise Private Limited (NET) is the design and management consultant of the project. The meeting concluded successfully, with all parties agreeing on preliminary plans, setting the essential groundwork for future work deployment.
Mr. Phan Khac Man - Director of the Company and Mr. Le Sanh Thanh posing for a commemorative photo after the successful meeting.
Significance and Development Vision
Commenting on this event, the Director, representing the PVC-MS Board of Management, stated: "This is the fruit of a long journey of effort and determination. We are extremely proud that the Vietnamese flag will fly at the construction site of a major oil and gas project in India. We dedicate this victory to all employees, both current and former, who have contributed to PVC-MS's development. We commit to concentrating all the best resources to execute the project successfully, fulfilling the trust of the Owner ONGC, and continuing to write new chapters in our globalization journey."
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The PVC-MS delegation taking a commemorative photo with partners.
Winning this international contract not only serves as a testament to PVC-MS's technical expertise, project management capabilities, and professionalism but also affirms the correct vision and strategic direction chosen by the leadership.
PVC-MS is currently on a strong development trajectory, continuing to assert its position as one of the leading enterprises in oil and gas industrial fabrication, a reputable EPC contractor in Vietnam and the region, and one that is constantly reaching further on the international map. This is a great source of pride for the Vietnamese oil and gas construction industry and clear proof of the spirit of innovation, creativity, and persistent resilience of Vietnamese enterprises.
Profile of Oil and Natural Gas Corporation (ONGC)
Oil and Natural Gas Corporation (ONGC) is an Indian multinational oil and gas company majority-owned by the Government of India. Established in 1956, ONGC is the nation's largest state-owned enterprise and its leading exploration and production (E&P) company.
ONGC serves as the backbone of India's energy security, responsible for approximately 70% of the country's crude oil production and 84% of its natural gas output. The corporation's operations cover the entire hydrocarbon value chain, from prospecting, exploration, and development to processing.
With its immense scale, ONGC operates vigorously both domestically and globally through its subsidiary, ONGC Videsh, which has projects in 15 countries. Ranked as a "Maharatna" (Great Gem), ONGC is one of India's most profitable corporations and holds one of the largest market capitalizations. The corporation continuously invests in modern technology to maintain production and expand reserves.
The Western Offshore is ONGC's core and most vital operational area, situated on the western continental shelf of India, highlighted by the Mumbai Offshore Basin. This region hosts the nation's largest and highest-producing oil and gas fields, including the legendary Mumbai High field. This area contributes the vast majority of India's oil and gas production.
PVC-MS.