First steel cut for Murphy's Lac Da Vang oil platform in Vung Tau

MCB is a subsidiary of Murphy Oil Corporation (Murphy), a US exploration and production company.

This occasion represents the official start of the construction phase for the platform, which will be installed at Block 15-1/05 of the Cuu Long Basin on the Southeast continental shelf of Vietnam, approximately 120 km east of Vung Tau, to support the Lac Da Vang Oil Field Development Project, operated by MCB.

The initial Lac Da Vang Phase 1A development includes a central complex platform (Lac Da Vang - A Platform), which processes crude oil to meet export quality standards.

PTSC M&C is the main contractor responsible for the completed engineering, procurement, construction, transportation, installation, hook-up, and commissioning of the Lac Da Vang - A Platform, following the contract being awarded on May 31.

The Lac Da Vang - A Platform comprises topsides with two modules and a flare boom, weighing over 6,000 metric tonnes, along with a jacket and piles weighing more than 4,500 metric tonnes. The ceremonial cutting of the first steel signifies the beginning of the structural fabrication process, which is expected to complete the offshore installation by the third quarter of 2026.

The Lac Da Vang oil field underscores the first offshore project developed by Murphy in Vietnam, and also the first collaboration between the US operator with PTSC M&C in project development.

Murphy Cuu Long Bac Oil Co, Ltd. (MCB), a subsidiary of the US-based Murphy Oil Corporation (Murphy), signed a contract with PTSC Mechanical & Construction on May 31 to develop the Lac Da Vang oil field.

Prime Minister Pham Minh Chinh received President and Chief Executive Officer of Murphy Oil Corporation Roger Jenkins in Washington DC on May 13 afternoon (US time) as part of his trip to the US.

The US Murphy Oil Corporation, Korea's SK Innovation and their Vietnamese partner PetroVietnam Exploration Production Corp has completed the transaction of participation right on the petroleum sharing contract for block 15-1/05 in Cuu Long basin offshore Vietnam.