Petrovietnam delivers 33 offshore windfarm foundations to Orsted’s 920 MW project

By Tri Duc
Mon, December 2, 2024 | 10:35 am GMT+7

State-owned Petrovietnam delivered 33 offshore windfarm foundations to Orsted on Sunday, serving the Danish offshore wind power developer’s 920 MW Greater Changhua 2b&4 project offshore Taiwan.

Petrovietnam and its technical arm Petrovietnam Technical Services Corp (PTSC) held a delivery ceremony at PTSC’s manufacturing yard in the southern coastal province of Ba Ria-Vung Tau on the day, with the participation of Prime Minister Pham Minh Chinh.

Prime Minister Pham Minh Chinh (center) attends the launching and delivery of offshore windfarm foundations from Petrovietnam to Orsted, in Ba Ria-Vung Tau province, southern Vietnam, December 1, 2024. Photo courtesy of the government's news portal.

Prime Minister Pham Minh Chinh (center) attends the launching and delivery of offshore windfarm foundations from Petrovietnam to Orsted, in Ba Ria-Vung Tau province, southern Vietnam, December 1, 2024. Photo courtesy of the government's news portal.

PTSC and Orsted signed an agreement on manufacturing the facilities in May 2023. The Vietnamese side has met the delivery deadline.

PTSC mobilized over 100 sub-contractors and over 80,000 tons of steel for the production. Each item weighs about 2,300 tons and has a height of 85 meters.

The project is an indicator that Ba Ria-Vung Tau province can develop into a renewable energy hub in Vietnam, according to Petrovietnam.

At the event, PTSC also signed agreements on manufacturing and supplying offshore windfarm foundations to foreign partners in the Asia-Pacific region.

Prime Minister Pham Minh Chinh (green shirt) visits an offshore windfarm foundation made by PTSC. Photo courtesy of Petrovietnam.

Prime Minister Pham Minh Chinh (green shirt) visits an offshore windfarm foundation made by PTSC. Photo courtesy of Petrovietnam.

PM Chinh also attended a first-cut ceremony for offshore windfarm substations supplied to the Baltica 2 project. Baltica 2 is part of the 2.5 GW Baltica Offshore Wind Farm, jointly developed by Denmark’s Orsted and Poland’s Polska Grupa Energetyczna (PGE).

The project is located in the Baltic Sea, targeting operational date from 2027 for the 1.5 GW Baltica 2 and 2030 for the 1 GW Baltica 3.

It marked the first time a Vietnamese firm has exported offshore windfarm substations to Europe.

Oil-gas activities

Regarding oil-gas activities, on the same day, Petrovietnam held a first-cut ceremony for the Block B central processing platform and a granting ceremony for the floating storage and offloading (FSO) contract for Lac Da Vang oilfield.

Block B central processing platform is a key component of Block B-O Mon gas-to-power project, a mega and long-delayed project of Vietnam with an investment of $12 billion.

The exploited gas, 433 kilometers off the coast of southern Vietnam, can reach 5.06 billion cubic meters a year and will be transported to the Mekong Delta city of Can Tho for the 3,810-MW O Mon power complex, which comprises the O Mon 1, O Mon 2, O Mon 3, and O Mon 4 power plants.

The project has an annual designed capacity of 22 billion kWh. The O Mon 1 power plant is already operational, while the O Mon 2, 3 and 4 power facilities are set to begin operations in 2026, 2027, and 2028, respectively.

Lac Da Vang oilfield is about 120 kilometers offshore Ba Ria-Vung Tau province. The FSO for Lac Da Vang oilfield has a designed capacity of 500,000 barrels of crude oil and can enter operation in the second half of 2026.

Comments (0)
  • Read More
Halal market presents major opportunities for Vietnamese businesses

Halal market presents major opportunities for Vietnamese businesses

The global Halal market is projected to reach $5 trillion by 2030, with Malaysia alone expected to hit $113.2 billion, said Shariza binti Abdul Rasheed, Halal product manager at Maybank Malaysia.

Economy - Thu, August 7, 2025 | 9:18 pm GMT+7

Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant

Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant

Vietnam’s leading steelmaker, Hoa Phat Group (HoSE: HPG), will increase investment in its Dung Quat 2 iron and steel production complex by VND3.4 trillion ($129.7 million) as part of an expansion plan.

Industries - Thu, August 7, 2025 | 8:03 pm GMT+7

Vietnam’s army-backed construction firm proposes 14 offshore wind power projects

Vietnam’s army-backed construction firm proposes 14 offshore wind power projects

Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.

Energy - Thu, August 7, 2025 | 5:07 pm GMT+7

Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure

Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure

Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.

Companies - Thu, August 7, 2025 | 4:31 pm GMT+7

Northern Vietnam province accelerates $2.2 bln LNG-to-power project

Northern Vietnam province accelerates $2.2 bln LNG-to-power project

Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.

Energy - Thu, August 7, 2025 | 4:17 pm GMT+7

Vietnam's seafood firms ride profit wave ahead of US tariff hike

Vietnam's seafood firms ride profit wave ahead of US tariff hike

Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.

Economy - Thu, August 7, 2025 | 2:21 pm GMT+7

Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC

Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC

Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.

Companies - Thu, August 7, 2025 | 2:01 pm GMT+7

Indonesia, Malaysia, Thailand expand local currency transaction network

Indonesia, Malaysia, Thailand expand local currency transaction network

Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.

Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7

ASEAN to sign MoU on regional power grid implementation

ASEAN to sign MoU on regional power grid implementation

ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.

Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7

Vietnam overtakes Thailand to become world's second-largest rice exporter

Vietnam overtakes Thailand to become world's second-largest rice exporter

Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.

Companies - Thu, August 7, 2025 | 12:41 pm GMT+7

Vietnam posts trade surplus of $10.18 bln in 7 months

Vietnam posts trade surplus of $10.18 bln in 7 months

Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.

Economy - Thu, August 7, 2025 | 12:19 pm GMT+7

Malaysia pledges big purchases, investments with US

Malaysia pledges big purchases, investments with US

Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.

Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7

Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt

Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt

Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.

Companies - Thu, August 7, 2025 | 10:11 am GMT+7

Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil

Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil

Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.

Economy - Thu, August 7, 2025 | 9:57 am GMT+7

Malaysia steps up efforts to explore nuclear energy potential

Malaysia steps up efforts to explore nuclear energy potential

Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.

Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7

Indonesia's economy grows faster than expected

Indonesia's economy grows faster than expected

Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).

Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7