 |
| Diagram of the Block B - O Mon gas power project chain. (Photo: PVN) |
(PLVN) - The Block B - O Mon project has a total investment of about 12 billion USD, and is being determined to be implemented by the Vietnam National Oil and Gas Group (PVN) and related units.
Project is accelerated
According to PVN, the Lot B - O Mon gas power project includes the Lot B mine development project (upstream), the Lot B - O Mon pipeline project (midstream) and 4 O Mon gas power plants I, II, III, IV in the downstream, with an investment scale of nearly 12 billion USD. The expected gas output is about 5.06 billion m3 of gas/year, supplying the complex of 4 power plants at the O Mon Power Center with a total expected installed capacity of up to 3,800 MW.
According to research, after nearly 20 years of many negotiations and investment preparations facing difficulties and obstacles, in June 2023, the Prime Minister decided to let PVN be the investor to continue implementing the project. At the end of October 2023, PVN and its partners signed important documents such as: Block B Framework Agreement; Minutes of agreement on the content of the O Mon I Gas Sales Contract; awarding of EPC Contract #1.
Accordingly, the joint venture between PetroVietnam Technical Services Corporation (PVS) and McDermott (USA) was awarded the EPCI package #1 (Design, construction, installation of the central technology platform and housing platform for the Block B field development project), worth approximately 1.1 billion USD. In addition, PTSC Marine Mechanical Services Company Limited (PTSC M&C), a subsidiary of PVS, has just won the EPCI package #2 for the upstream project, related to the construction of a number of wellhead platforms and an internal field pipeline system.
EPCI Package #2 is worth about 400 million USD, including main components of 4 gathering platforms, wellhead platforms with a total weight of nearly 15,000 tons; 3 20-inch intra-field pipelines, 1 8-inch pipeline with a total length of nearly 50km.
PVN's determination
Recently, Mr. Le Manh Hung - Chairman and General Director of PVN had a working session with Phu Quoc Petroleum Operating Company (PQPOC), Southwest Pipeline Operating Company (SWPOC) and Song Hau 1 Oil and Gas Power Project Management Board on the implementation status of the Block B project chain.
At the meeting, PQPOC General Director Bui Van Thuan; SWPOC General Director Tran Thanh Hai and Head of Song Hau 1 Oil and Gas Power Project Management Board Nguyen Manh Tuong specifically reported on the work related to the project chain in the upstream, midstream and downstream stages; difficulties, obstacles and recommendations to the Group. The work in the project chain is being actively implemented by PVN and its units with great determination and effort. Currently, the project chain's progress critical path is in the downstream stage, related to the time of putting O Mon IV power plant into operation, to ensure effective gas use, while being consistent with the proposed first gas flow schedule.
According to Mr. Le Manh Hung, the Block B - O Mon project is a very large and important national project, having a great impact on the country's economic development momentum and energy security in the Southwest region; it is also the largest and most important project of PVN. In 2023, after many years, the project has overcome decisive difficulties and achieved important progress with the determination to promote project implementation of the Government, Prime Minister, relevant ministries, branches and PVN. "With that importance, the Group determined to implement the project with the highest spirit, awareness and responsibility and focus resources to direct and implement", Mr. Le Manh Hung emphasized.
The head of PVN believes that it is necessary to resolutely maintain the goal of developing the Block B project chain. To achieve this goal, Mr. Hung believes that it is necessary to have a new project management model, maximum decentralization, assigning the right person to the right job; clearly assigning tasks and responsibilities; increasing updating, applying technology and management to increase efficiency, optimize total project investment; ensuring synchronization of goals of stages from upstream, midstream to downstream.
The Chairman of PVN also requested relevant units to focus on removing obstacles and promoting the progress of the downstream stage that is on the critical path, especially the O Mon IV thermal power project; focus on resolving the conditions to obtain the Final Investment Decision (FID) for the Block B gas project as planned in April 2024.
Source
Comment (0)