MISC Berhad has started the conversion of floating storage, and offloading unit (FSO) Benchamas 2 in a ceremony at the MMHE West Yard, Pasir Gudang, Malaysia.
FSO Benchamas 2 will be a conversion of the Bunga Kelana 5, previously operated by AET, an Aframax tanker that was built in March 1999. It weighs about 105,400dwt and can store about 750,000-tonne of crude oil.
The contract for the FSO, with Chevron Offshore (Thailand) is valued at about US$230 million and will last 10 years, with five, one-year extension options. Sail away is expected in Q1 2018.