Before this meeting, McDermott has appointed the specialists to survey the capacities, study the development strategy of PVC-MS as well as with PVC-MS’s specialists carried out the survey on potentiality and opportunity of oil rig fabrication work in Vietnam market in the stage from 2011 to 2015.
In the meeting, the leaders of two sides have concluded the policy that McDermott Asia Pacific would buy 10% additionally issued shares and will be one of the strategic shareholders of PVC-MS. The two sides will continue the negotiation on the price of the stock and final decision will be made before April 30th, 2011.
McDermott is a leading engineering, procurement, construction and installation (“EPCI”) company focused on executing complex offshore oil and gas projects worldwide. Cooperating with McDermott, PVC-MS will be supported on Engineering, technology and project management which contributes to the capacities to new step development to meet the highly increasing requirement on fabrication and installation work for oil & gas projects in Vietnam.
PVC-MS
