kieudiemvje
23-11-2010, 03:46 PM
The PetroVietnam Insurance Joint Stock Corporation (PVI (http://finance.vietstock.vn/StockDetail.aspx?scode=PVI&q=PVI&language=en)) will provide risk insurance for the entire construction and installation process of the Bien Dong 1-Con Son Oilfield project with a total value of nearly US$1.3 billion.
To this effect, a five-year insurance contract was signed between PVI (http://finance.vietstock.vn/StockDetail.aspx?scode=PVI&q=PVI&language=en) and the Bien Dong Petroleum Operating Company under the Vietnam Oil and Gas Group (PVN), in Ho Chi Minh City on November 22.
The Bien Dong 1-Con Son Oilfield project, wholly invested by PVN, is the largest offshore installation and construction project in Vietnam so far, with an estimated investment capital of about US$1.12 billion.
The same day, PVI (http://finance.vietstock.vn/StockDetail.aspx?scode=PVI&q=PVI&language=en) announced the Southern Oil and Gas Insurance Company (PVI (http://finance.vietstock.vn/StockDetail.aspx?scode=PVI&q=PVI&language=en) South) as the main provider of risk insurance policies for the Bien Dong 1 project.
Established in December 2009, PVI (http://finance.vietstock.vn/StockDetail.aspx?scode=PVI&q=PVI&language=en) South not only develops oil and gas insurance services but also provides insurance policies for industrial clients in the southern market.
By the end of October 2010, PVI (http://finance.vietstock.vn/StockDetail.aspx?scode=PVI&q=PVI&language=en) had recorded total revenue of over VND4 trillion or 111 percent of its yearly plan and a pre-tax profit of VND278 billion, fulfilling 85 percent of its annual target.
To this effect, a five-year insurance contract was signed between PVI (http://finance.vietstock.vn/StockDetail.aspx?scode=PVI&q=PVI&language=en) and the Bien Dong Petroleum Operating Company under the Vietnam Oil and Gas Group (PVN), in Ho Chi Minh City on November 22.
The Bien Dong 1-Con Son Oilfield project, wholly invested by PVN, is the largest offshore installation and construction project in Vietnam so far, with an estimated investment capital of about US$1.12 billion.
The same day, PVI (http://finance.vietstock.vn/StockDetail.aspx?scode=PVI&q=PVI&language=en) announced the Southern Oil and Gas Insurance Company (PVI (http://finance.vietstock.vn/StockDetail.aspx?scode=PVI&q=PVI&language=en) South) as the main provider of risk insurance policies for the Bien Dong 1 project.
Established in December 2009, PVI (http://finance.vietstock.vn/StockDetail.aspx?scode=PVI&q=PVI&language=en) South not only develops oil and gas insurance services but also provides insurance policies for industrial clients in the southern market.
By the end of October 2010, PVI (http://finance.vietstock.vn/StockDetail.aspx?scode=PVI&q=PVI&language=en) had recorded total revenue of over VND4 trillion or 111 percent of its yearly plan and a pre-tax profit of VND278 billion, fulfilling 85 percent of its annual target.