Petrovietnam, a key player in the country’s oil and gas industry, stands out in the offshore wind industry.
With a workforce of 60,000 skilled employees, advanced infrastructure, and unique geological data, PetroVietnam excels in managing investments, acting as a principal contractor for engineering procurement and construction, and offering high-quality technical services for offshore projects.
The company possesses the expertise to conduct seabed and geophysical surveys crucial for oil and gas operations and offshore project feasibility studies.
Additionally, Petrovietnam’s well-trained design team uses licensed software to handle all design phases, ensuring efficient project execution.
In operations and maintenance, its nearly 40 years of experience and robust infrastructure enable them to efficiently manage offshore wind power projects, including operating large-scale manufacturing ports and diverse fleets of service vessels.
Its strong financial capabilities and extensive collaborations in the energy sector also position the company to leverage advanced offshore wind knowledge and technology on a global scale.
Recently, Petrovietnam entities like Vietsovpetro and Petrovietnam Technical Services Corporation (PTSC) have partnered with global renewable energy investors to explore clean energy projects in Việt Nam.
These collaborations involve agreements such as memoranda of understanding and service contracts, reflecting Petrovietnam’s commitment to developing renewable energy sources in the country.
To gear up for the offshore renewable energy competition, Petrovietnam is actively constructing a domestic supply chain involving key units like PTSC, Vietsovpetro, VPI, PetroVietnam Engineering Consultancy JSC (PVE), PETROSETCO, PV Drilling (PVD), PVC-MS, and PV Shipyard.
These units are tasked with establishing a value chain complex for renewable energy projects, leveraging their expertise, experience and infrastructure to explore offshore renewable energy opportunities domestically and internationally.
Conclusion No. 76-KL/TW has ushered in a transformative phase for Petrovietnam, guiding the company towards a dual focus on both conventional oil and gas sectors and cutting-edge developments in renewable energy, said Dr. Nguyễn Đức Hiển, Deputy Head of the Party Central Committee’s Economic Commission.
This strategic evolution positions Petrovietnam to emerge as a key player in the national industrial and energy landscape. It entails ventures into offshore and coastal wind power, advancements in hydrogen and ammonia technologies, integration into LNG (liquefied natural gas) supply chains, and a pivotal role in manufacturing energy equipment, particularly for renewables.
Việt Nam’s extensive coastline and vast sea area offer unparalleled potential for offshore renewable energy development, estimated at 599 GW, presenting a significant opportunity for economic, social and environmental progress.
By capitalising on these resources, the country can target sustainable growth, bolster energy security, fortify national defence, uphold maritime sovereignty, and transition towards net zero emissions by 2050.
Conclusion No. 76-KL/TW lay a solid foundation for Petrovietnam to proactively craft strategies and industry blueprints, propelling Việt Nam towards early technological leadership, fostering a comprehensive supply chain for global competitiveness, and encouraging substantial growth in the realm of clean energy. — VNS