Following Redline’s news released earlier this year that Thien Phuc Equipment Material Company Limited selected Redline’s Virtual Fiber® solution to support operations for a leading oil and gas exploration enterprise located in Vietnam, is this new article by Off Shore Technology discusses how Vietnam has emerged as a potential player in the oil and gas industry.
Below is a quick excerpt from the article, which you can click below to read in full.
The US Energy Information Administration says that Vietnam has now emerged as an essential oil and natural gas producer in Southeast Asia. It has boosted exploration activities, allowing for greater foreign investment and cooperation, plus it has introduced limited market reforms to support the energy industry.
Add in rapid economic growth, industrialization, and export market expansion, and a picture of rising domestic energy consumption emerges. It’s therefore an encouraging scene for both innovation and Vietnam’s offshore energy, and by inference its industrial future too. A potential win-win situation for people and profit, if done right.
Vietnam’s offshore potential
Redline Communications is a provider of data infrastructure for remote and harsh environments. It has just announced that materials company Thien Phuc will deploy a virtual fiber solution to support operations for a leading oil and gas exploration in Vietnam, delivering advanced communications for nine remote exploration and production fields in the South China Sea.
Read the full article here.
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