COOPERATION SIGNING CEREMONY BETWEN METCO OIL FIELD BLASTING SERVICES AND STRATEGIC AMERICAN AND KOREAN PARTNERS
On July 11, 2011, Economic technology joint stock company (Metco) as a license holding company for oiled field blasting services, had organized a signing ceremony of business cooperation contracts with its strategic partners from United States of America and from Korea Republics.
The honour attendants of the ceremony were Major General Khuat Viet Dung, Deputy Director of the Department of Military Industry (Ministry of National Defense of Vietnam); Colonel Vu Ba Dac, deputy manager of the C64 (Ministry of Police); Mr. Cao Anh Dung, Deputy Manager of Department of Safety and Environment (Ministry of Industry and Trade); Mr. Phung Ha, Manager of Department of Chemicals (Ministry of Industry and Trade); representatives of a number of subsidiaries of Department of Military Industry (Ministry of National Defense of Vietnam).
Signing of business cooperation contract between Metco and Hyundai Global Investment (Korea)
Besides, other dearest participants of the ceremony were Mr. Nguyen Van Thang, deputy director of BIDV Security Company (BSC); Mr. Nguyen Thien Bao, General Director of Petrovietnam Finance Corporation (PVFC); representatives of strategic partners of Metco were Mr. Bae Kyung Sik, Chairman of Hyundai Global Investment (Korea) and Mr. Mike Urbigkit, General Director of Superior Well Services, Asia Pacific Region (US).
According to the report of Mr. Tran Manh Hung, Metco General Director, GAET, a military material supply company, has signed a contract with BIDV Security Company (BSC) and Petrovietnam Finance Corporation (PVFC) for establishing a joint stock company named as Economic Technology Joint Stock Company (Metco). Despite the fact that Metco is a newly established company, it has inherited extensive experiences in oil field blasting services, in civil construction, in international and internal conferencing, in R&D of new materials and in tourism.
Signing of business cooperation contract between Metco and Superior Energy Services
Colonel Doctor Nguyen Duc Thuan, Metco chairman, had suggested that Petrovietnam, a leading economic group of Vietnam, had to conduct a number of oil field blasting operations with the full services received from foreign partners. And from now on, Petrovietnam can initiate this kind of services with a help of a local company such as Metco, which is capable to handle such oil field services in most efficient way.
Major General Khuat Viet Dung, Deputy Director of the Department of Military Industry (Ministry of National Defense of Vietnam), has made a speech and he had expressed that Metco should actively be involved in R&D of new products, new technical services, especially services related to oil & gas exploration and exploitation.
Mr. Bae Kyung Sik, Chairman of Hyundai Global Investment (Korea) also suggested that his group also expanded its business activity in oil & gas industry of Vietnam. With its extensive experiences and skilled personnel, Hyundai Global Investment believes that it shall be a key partner in oil and gas services for Petrovietnam in general and in oil field blasting services in particular.
Source: Duc Chinh, Petrotimes.
