Semco Maritime and PetroVietnam Marine Shipyard (PVMS) establish Vung Tau Rig Services in Vietnam to repair, refurbish and upgrade rigs.
Semco Maritime and PVMS have worked together since 2012 and aim to offer high quality and cost efficient solutions.
“We’ve had operations in Vietnam since 2010, and we have been very active within accommodation modules,” said Morten Clausen, Semco Maritime managing director. “Now we are ready for phase two of our business plan with a focus on upgrades for the Southeast Asian offshore rig market and doing that with PVMS in our joint Vung Tau Rig Services holds very promising prospects and adds significantly to our South East Asia presence.”
The prospects for upgrades in the Southeast Asian offshore rig market are positive. Some 25 rigs are currently operating in Vietnamese waters and the access to upgrades in Vietnam will appeal to rig owners now having an alternative to moving their rigs to Singapore to have them upgraded, says Semco Maritime.
Vung Tau Rig Services is looking for facilities to allow for upgrades of even larger rigs.
In June, Semco Maritime entered a partnership with Bergen Group and Apply Rig & Modules to establish Hanøytangen Rig Services, to meet the growing rigging service market.
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