(EnergyAsia, November 17, Monday) — Production Services Network (PSN), the international energy services company based in Aberdeen, Scotland, said it has secured a four-year multi-million US dollar contract extension to provide operation and maintenance services for a gas field project in Vietnam.

The contract was awarded by operator KNOC of South Korea for development work on the Rong Doi and Rong Doi Tay gas fields. The extension consists of two options of two years each, beyond which there is potential to extend PSN’s O&M support for another 16 years.

Rong Doi, located 320km off the coast of Vietnam, is KNOC’s first offshore production facility outside of Korea and is supported by a predominantly local PSN team. The development consists of a wellhead platform bridge linked to production utilities quarters compression platform and associated pipelines.

Alan Gordon, PSN operations director for the Asia Pacific region, said: “We have established an excellent working relationship with KNOC and worked hard to develop our Vietnamese workforce, a further example of PSN’s localisation strategy. Vietnam has a great deal of potential for offshore production and we have already been involved in further engineering and feasibility projects with KNOC. As a result, we are confident of growing our business in this important territory.”

Se Jin Park, general director for KNOC Vietnam office, said: “PSN supported us well through the set-up phase of Rong Doi, therefore we have taken up two further two-year contract extension options. This is testament to the firm’s record of delivery, safety and quality, supporting our business in Vietnam.”

PSN is an international energy services business, focussing on the oil, gas and utilities sectors. The company enhances the performance and extends the life of energy assets through the deployment of skills and technology in engineering and construction, operations, maintenance and decommissioning.

PSN has a reputation for safety, integrity and operational excellence. The company manages a network of over 8,500 people, working in 19 countries across five continents.

PSN was formed in May 2006 when the current management team led by CEO Bob Keiller and CFO Duncan Skinner completed a $280 million management buy out from KBR, part of the Halliburton Group.

Established in 1979, KNOC develops offshore petroleum resources in Korea and 13 other countries. The company has operated in Vietnam since 1998 as part of the Cuu Long Joint Operating Company.