Eric Watkins
Senior Correspondent
LOS ANGELES, Oct 17 -- Vietnam's state-owned PetroVietnam will sign an engineering, procurement, and construction (EPC) contract on Oct. 17 with the Vietnam-Russia oil and gas joint venture company Vietsovpetro for construction of the PM3-Ca Mau natural gas pipeline, according to state media.
Under terms of the $245 million contract, Vietsovpetro will be responsible for construction of the 325 km, 457 mm line, which will connect the offshore PM3 Block with An Khanh village in Ca Mau province. The line will transport as much as 2 billion cu m/year of gas.
Construction of the pipeline entails 298 km of pipe offshore and 27 km onshore. PetroVietnam expects the line to be operational in late 2006.
The pipeline is one of three parts of the multibillion-dollar Ca Mau gas-electricity-nitrogenous fertilizer complex. The project's other parts include construction of a 720 Mw gas-fired electric power plant and the Ca Mau fertilizer plant.
Contact Eric Watkins at [email protected].
