The Lam Son FPSO is capable of producing 15,000-20,000 barrels of oil per day (bopd) and has a storage capacity of up to 650,000 barrels of oil.
Malaysia’s Yinson, through its Vietnam joint venture PTSC AP, has entered into an addendum to the interim contract with Vietnam’s PTSC to extend the charter of the FPSO PTSC Lam Son for the petroleum operations within the Lam Son field, offshore Vietnam for another six months, according to Offshore Energy Today.
The FPSO charter, which was set to expire on December 31, will keep the unit working for PetroVietnam Technical Services Corporation (PTSC) until June 30, 2019.
The Lam Son FPSO is capable of producing 15,000-20,000 barrels of oil per day (bopd) and has a storage capacity of up to 650,000 barrels of oil.
PTSC AP is a joint venture company owned by Yinson and PetroVietnam Technical Services Corporation (PTSC) each holding 49% and 51% interest in it, respectively.
According to Yinson, the value of the interim contract is approximately US$27.3 million, based on the December 31, 2018, expiration date.
FPSO Lam Son. Photo: PTSC
|
The Lam Son FPSO is capable of producing 15,000-20,000 barrels of oil per day (bopd) and has a storage capacity of up to 650,000 barrels of oil.
PTSC AP is a joint venture company owned by Yinson and PetroVietnam Technical Services Corporation (PTSC) each holding 49% and 51% interest in it, respectively.
According to Yinson, the value of the interim contract is approximately US$27.3 million, based on the December 31, 2018, expiration date.
Other News
- US-based Rosen Partner to invest in world-class entertainment complex projects in Vietnam
- Vietnam among top investment destinations for SEA investors
- Vietnam, China intensify cooperation on green growth, digital economy
- Foreign capital set to dominate Vietnam’s M&A landscape
- Vietnam looks to support FDI firms as global minimum tax looms
- Factors unlocking Vietnam’s potential in FDI attraction: HSBC
- Samsung to invest US$1 billion annually in Vietnam
- Opportunity at hand: Leveraging global minimum tax for FDI attraction
- Thai bank acquires Vietnamese finance company
Trending
-
Vietnam celebrates Hung Kings Commemoration Day
-
Vietnam news in brief - April 18
-
Vietnam win first match of Asian U23 tournament
-
Colorful stage shows in Hoan Kiem Lake pedestrian area
-
It happened as it had to happen
-
Hanoi street where dead appliances come back to life
-
Vietnam’s economy urged to rely on internal strengths to weather global uncertainties: ADB
-
Vietnam, Thailand advance realization of “Three Connections” strategy
-
MICHELIN Guide sets its sights on Vietnam’s central region