Malaysia’s FPSO provider Yinson has secured a one-month extension for the FPSO Lam Son in Vietnam.
Yinson said Monday that it had, through its Vietnam JV PTSC AP, entered into a “second addendum” to the interim contract with PTSC to further extend the tenure of the FPSO contract for a period of one month starting from 1 July 2019 to 31 July 2019.
PTSC AP is a joint venture company owned by Yinson and PetroVietnam Technical Services Corporation (PTSC) each holding 49% and 51% interest in the JV, respectively.
The Lam Son FPSO, capable of producing 15,000-20,000 barrels of oil per day (bopd) and with a storage capacity of up to 650,000 barrels of oil, has been operating at the Lam Son field offshore Vietnam. Yinson said that the value of the extension was $1.54 million (equivalent to approximately RM6.39 million).
The extension follows PTSC AP’s previous six-month contract signed on December 31, 2018.
Offshore Energy Today Staff
Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email .
Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns.
If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options.