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Multinational marine consultancy launches Vietnamese base

06th March 2013

London Offshore Consultants continues Asian expansion with office opening in Vietnam

LOC is responding to 'astonishing growth' in Vietnam's oil and gas industry in r
LOC is responding to 'astonishing growth' in Vietnam's oil and gas industry in recent years

Global marine and engineering consultancy, London Offshore Consultants (LOC), has announced that a new office will formally begin operations in the port of Vung Tau, Vietnam, in May.

The company, which is currently exhibiting at INMEX Vietnam 2013, says that the office will provide oil majors, contractors, underwriters, and other insurers operating in Vietnam’s oil and gas sectors with specialist consultancy services for planning, design and execution of complex, high-value marine and energy-based operations.

LOC’s expertise is in the construction, marine transportation, and installation of structures onshore and, in particular, offshore. The group offers technical consultancy such as front-end advice on new technologies, assessing viability of proposed operations, approving such operations, and monitoring their execution. Investigating operational problems is also covered by LOC’s remit.

LOC’s client profile in Vietnam is oil majors including the national oil company, PetroVietnam, and its various arms, and international and national offshore contractors working in Vietnam.

Regional Director, Jon Walker, said: “We have witnessed the astonishing growth of the oil and gas industry in Vietnam over recent years. We believe this growth will continue and we look upon Vietnam as a crucial part of LOC’s expansion in Asia to complement our existing operations in the region.

“Our decision to set up in Vietnam was driven by three factors. First, new offshore developments in the pipeline and a key client who wishes us to cover their projects in Vietnam. Second, Vietnam like other Asian countries is increasingly keen to use local content in its oil and gas sectors. Third, we have been asked many times to bid on Vietnamese contracts but – until now – we had not been locally competitive due to travel cost components.”

The new office will be managed by Kenny Ong, who is said by LOC to be highly experienced in major offshore oil and gas projects across Asia, especially in Vietnam.

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