EOC Ltd. announced that its Perisai Kamelia FPSO successfully completed startup and commissioning at Hess' Kamelia field in the North Malay Basin, offshore Malaysia.
The FPSO is under contract to fast-track natural gas production at the field. Signed in November 2012, the contract covers a three-year charter period valued at about US$272.1 million, with extension options that could add a further three years to the charter duration.
The first of EOC’s two FPSOs, the Perisai Kamelia was previously known as the Lewek Arunothai. The vessel was recently modified to meet the operational requirements of the North Malay Basin, including the addition of an external turret mooring system able to withstand tropical cyclone conditions that was designed and fabricated by EOC affiliate companies.
In August, EOC completed the sale of its 51% equity interest in Emas Victoria (L) Bhd and Victoria Production Services Sdn Bhd, the entities which own and operate the FPSO respectively, to Perisai Production Holdings Sdn Bhd, a wholly-owned subsidiary of Perisai Petroleum Teknologi BHD (Perisai) for US$89.25 million.
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