18Jan 2018, Today in Hanoi, Singapore-based Enterprize Energy and partner Renewable Energy Global Solutions (“REGS”), together with PetroVietnam consortium comprising Petroleum Equipment Assembly & Metal Structure (“PVC-MS”) and VietSovPetro (“VSP”), MHIVestas Offshore Wind (“MVOW”), and DNV GL signed a series of exclusive Agreements forming an alliance for multi-phased, utility-scale wind developments, offshore Southern Vietnam, including feasibility, environmental, development, financing planning through implementation.

Today Enterprize Energy and fellow Singapore-based Renewable Energy Global Solutions (“REGS”) signed a Memorandum of Understanding (MOU) with Petroleum Equipment Assembly & Metal Structure J.S.C and Vietsovpetro whereby the companies will collaborate to develop the technical specifications for the design, development, construction and operation of a multi-phased wind development, offshore Southern Vietnam.

Currently, Tho Trang 3 Topside, a project that was invested by Vietnam-Russia Joint Venture and constructed by Petroleum Equipment Assembly and Metal Structure JSC (PVC-MS, stock symbol: PXS), was successfully loaded out. Earlier, the company had completed and handed over Tho Trang 3 jacket to VSP for offshore installation in August, 2016.

On November 2, 2016, Petroleum Equipment Assembly and Metal Structure JSC (PVC-MS, stock symbol: PXS) successfully erected Tho Trang 3 Upper deck at Vietnam-Russia Joint Venture Port. The project was invested by Vietsovpetro. As a general contractor, PVC-MS performed jacket, piles and topside fabrication.

On September 4, 2016, Su Tu Trang topside, a component of Su Tu Trang living quarter included in Su Tu Trang full field development project, was successfully loaded out by Petroleum Equipment Assembly & Metal Structure Joint Stock Company (PVC-MS) at PVC-MS port. In this project, PVC-MS is the epC contractor that executes design, consumables procurement and onshore construction.

On August 18, 2016, Petroleum Equipment Assembly & Metal Structure Joint Stock Company (Stock code: PXS) successfully loaded out Su Tu Trang jacket at PVC-MS port.