Adjust O&M Sourcing for Rising APAC Offshore Activity

Illustration; Source: Perenco Perenco has signed the GSPA for the Su Tu Trang Phase 2B project on Block 15-1 offshore Vietnam, which will supply more than 600 billion cubic feet (bcf) of gas over its life, supporting growing energy demand in Southeast Vietnam and contributing to the country’s energy security. Designed to deliver up to 150 million standard cubic feet per day (scfd) of gas, the project encompasses brownfield modifications, the installation of a new central gas facility (CGF) platform, and the dr

Home Fossil Energy Perenco pens gas deal for Southeast Asian offshore project June 25, 2026, by Perenco Vietnam, part of Anglo-French oil and gas player Perenco, has inked a gas sales and purchase agreement (GSPA) for a project off the coast of Vietnam, Southeast Asia. Illustration; Source: Perenco Perenco has signed the GSPA for the Su Tu Trang Phase 2B project on Block 15-1 offshore Vietnam, which will supply more than 600 billion cubic feet (bcf) of gas over its life, supporting growing energy demand in Sout

Designed to deliver up to 150 million standard cubic feet per day (scfd) of gas, the project encompasses brownfield modifications, the installation of a new central gas facility (CGF) platform, and the drilling of up to 15 gas wells. While the first gas is expected in June 2026, the full rate plateau is planned for June 2028

The UK-headquartered giant will receive a fixed fee for the first two years, followed by a service fee linked to a percentage share of revenue generated from net incremental hydrocarbon production

Illustration; Source: ONGC ONGC and BP have signed a technical services contract to enhance production from the Asian player’s fields in the Western Offshore Basin, said to be a critical pillar of India’s energy security

Shri Kartikeya Dube, BP India Chairman and BP Senior Vice President, emphasized: “We look forward to bringing BP’s global expertise to support enhanced production from the Western Offshore Basin and strengthen India’s energy security

” In addition, the company has supported 75 rig moves within the ONGC fields on the west coast of India from September 2025 to May 2026 by acting as tow master and marine warranty surveyor throughout the campaign period

Captain Stephen Craig, ABL’s Group Director for Rig Operations, commented: “This period has set new benchmarks in terms of the number of rig moves executed, total distance covered, and overall operational delivery across both the India and Middle East regions. “This success reflects the dedication of our offshore teams, including our tow masters and marine warranty surveyors, supported by our geotechnical and structural engineers, onshore operations teams across multiple countries, and all supporting personnel

” In addition, the company has supported 75 rig moves within the ONGC fields on the west coast of India from September 2025 to May 2026 by acting as tow master and marine warranty surveyor throughout the campaign period. ABL was appointed by ONGC’s underwriters and their consultants to provide marine warranty services across the fleet of jack-ups and mobile offshore production units operating within Indian waters

Choose a specialist, not a generalist While a generalist hire company might supply capable machines, a specialist brings hard-earned pipeline experience, and niche equipment dialled in to the intricacies of pipelining. Companies founded within the pipeline sector understand the challenges of a pipeline project, from common operational inefficiencies to environment hazards and their effects on machinery

That’s why choosing the right machinery hire partner matters, and why companies like Austrack Equipment are leaders in the field. Choose a specialist, not a generalist While a generalist hire company might supply capable machines, a specialist brings hard-earned pipeline experience, and niche equipment dialled in to the intricacies of pipelining

I wanted to set up a heavy equipment hire company that would bring a very particular expertise to service pipeline contractors. “The knowledge I had gained I could now use to assist pipeline contractors to get the best equipment to complete their projects