Ho Chi Minh City, Vietnam – 2 Jun 2026
PetroVietnam Exploration Production Corporation Limited (PVEP) , Cuu Long Operating Company Branch (PVEP-CUULONG) one of Vietnam’s largest offshore oil producers, has selected Cenosco’s Integrity Management System (IMS) to digitize and strengthen asset integrity management across its diverse asset portfolio in the Cuu Long Basin. The deployment covers IMS PEI, PLSS, and Civil modules, which provide comprehensive integrity coverage across all relevant asset types.
The initial deployment targets 10 offshore platforms (prioritizing some of the oldest platforms that require better control for rollout), 22 pipelines, 200 pressure vessels, extensive piping systems, and civil structures, including platform topsides and jackets structures.
Mitigating Downtime and Optimizing Costs
As a long-established operator, PVEP-CUULONG identified opportunities to mitigate production downtime from unexpected incidents and optimize inspection costs. This move to IMS is expected to enhance safety, reliability, and minimal financial overhead while supporting continuous improvement.
From Reactive to Risk-Based
PVEP-CUULONG aimed to adopt a more advanced integrity management approach for its broad portfolio by transitioning from routine, time-based inspections to a risk-based inspection (RBI) strategy aligned with API 580/581. This allows resources to be allocated more effectively and inspection activities to be justified by actual risk rather than fixed intervals.
A critical benefit of this transition is improved inspection efficiency. Previously, most inspections required production downtime; with IMS, PVEP-CUULONG aims to change this dynamic. The system will provide better data for the RBI program, allowing the team to focus on higher-risk assets rather than conducting routine inspections on low-risk equipment. In turn, this will help minimize unplanned downtime, reduce inspection expenses, and maintain high operational reliability standards across all assets.
Digitalization at the Core
Beyond inspection planning, a central goal of deployment is digitalization. PVEP-CUULONG wanted to replace fragmented manual records with a centralized platform for asset data, degradation tracking, and remaining life calculations across all asset types.
Rahul Kejriwal, CEO of Cenosco, said: “Asset integrity management is at an inflection point. Operators like PVEP-CUULONG are making the right move by shifting from reactive, time-based inspection cycles toward data-grounded risk-based strategies. This forms the foundation for Goal Zero, where risks become visible before they turn into incidents. We are proud to support PVEP-CUULONG on that journey.”
About PVEP-CUULONG
PVEP-CUULONG was established in 1998 under the Block 15-1 production sharing contract, operating in the Cuu Long Basin, approximately 160 km southeast of Vung Tau, in waters 40–70 meters deep. The company manages some of Vietnam’s most significant offshore fields, including Su Tu Den (Black Lion), Su Tu Vang (Golden Lion), and Su Tu Trang (White Lion), making it one of Vietnam’s largest oil producers. With an extensive portfolio of offshore platforms, pipelines, and pressure vessels, PVEP-CUULONG is focused on maintaining production integrity and operational reliability across its asset base in one of Southeast Asia’s most prolific hydrocarbon basins.
About Cenosco
Cenosco provides IMS, the leading asset integrity management software for oil and gas operators worldwide. IMS modules standardize inspection planning, API 580/581-compliant RBI methodologies, and reliability processes across offshore and onshore assets, including platforms, pipelines, pressure vessels, and civil structures. This approach delivers cost savings, minimizes production risks, optimizes inspection resources, and ensures regulatory compliance worldwide.
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