Operations in the Ving Tau port office will start in May, and will comprise of consultancy services for the planning, design and execution of oil and gas exploration and supply operations. The office will be headed up by experienced offshore oil and gas specialist Kenny Ong.
“We have witnessed the astonishing growth of the oil and gas industry in Vietnam over recent years,” said Regional Director Jon Walker. “We believe this growth will continue and we look upon Vietnam as a crucial part of LOC’s expansion in Asia to complement our existing operations in the region.
“Our decision to set up in Vietnam was driven by three factors. First, new offshore developments in the pipeline and a key client who wishes us to cover their projects in Vietnam. Second, Vietnam like other Asian countries is increasingly keen to use local content in its oil and gas sectors. Third, we have been asked many times to bid on Vietnamese contracts but – until now – we had not been locally competitive due to travel cost components.”
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