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Last updated: Friday, October 20, 2017

 

PPS - Leading Name in FPSO/FSO Services in Vietnam

Posted: Tuesday, September 19, 2017


Set up 15 years ago, PTSC Production Services Joint Stock Company (PPS) has become a leading name in operation and maintenance (O&M) of FPSO/FSO vessels in Vietnam.

After 15 years of construction and development, PPS, a member of PetroVietnam Technical Services Corporation (PTSC), has occupied a big market share of FPSO/FSO services in Vietnam. PPS is currently operating and maintaining six FSO/FPSO facilities: PTSC Lam Son FPSO, Ruby II FPSO, PTSC Bien Dong 01 FSO, TBVN FPSO, MV12 FSO and especially Orkid FSO in Malaysia. In addition, PPS has also stepped up and occupied the market share of providing procurement, manufacturing, construction, operation and maintenance services for oil and gas projects and other industrial projects such as petrochemical refiners and power plants.

The current success of PPS largely comes from the right vision and leadership of the PPS Board of Management. In the early stage, FPSO/FSO O&M services in Vietnam were primarily supplied by foreign firms. To bite into this market, the then PPS leadership decided to drastically acquire technologies and increase Vietnamese staff on FPSO/FSO units and considered this vital policies of PPS. To carry out these policies, in addition to regularly sending its employees to domestic and overseas training courses to improve their skills, the company applied attractive treatments like salaries and rewards as well as other policies. Thus, PPS employees always tried their best to improve themselves and gradually undertook key positions formerly held by foreign specialists. They now can maintain and repair modern and complicated machinery and equipment on their own, which was previously done under the supervision of foreign specialists. PPS also adopted a professional maintenance management system of international standards when it deployed the Computerized Maintenance Management System (CMMS) and applied advanced maintenance methods such as CBM, RBI and RCM.

In the past 15 years, PPS has made strides not only in competencies, scale, revenue and profitability, but also in market influence and leadership in the FPSO/FSO market in Vietnam. With the strength of solidarity and the burning passion of PPS employees, Mr Nguyen Vinh Nhi Phuong, Director of PPS, is confident that PPS is on the way to build the image of a professional and prestigious provider of FPSO/FSO services in Vietnam and in the region.

PV








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