Yinson, PTSC Add Another Year to PTSC Lam Son FPSO Contract

Credit: Yinson
Credit: Yinson

Malaysian FPSO provider Yinson has secured a contract extension for the PTSC Lam Son FPSO in Vietnam with Vietnam's PTSC AP.

The 243 meters long Lam Son FPSO, able to produce 15,000-20,000 barrels of oil per day (bopd), with a storage capacity of up to 650,000 barrels of oil, has been operating in Vietnam since 2014. 

Following the FPSO conversion by Singapore's Keppel in 2014, the vessel was deployed in the Thang Long and Dong Do oil fields in Cuu Long Basin.

Yinson said Thursday that the contract extension had been signed for a further period of 12 months from July 1, 2021, to June 30, 2022. 

The extension period consists of a firm period from July 1, 2021, to  December 31, 2021; and an option period from January 1, 2022, to June 30, 2022.

The value of the extension is estimated to be $18.1 million (equivalent to approximately RM75.17 million).

Current News

Beacon Offshore Energy Begins Production US at Shenandoah Field

Beacon Offshore Energy Begins

Harlyn Solutions Expands Market Scope with New Dutch Base

Harlyn Solutions Expands Marke

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

PTTEP Acquires Southeast Asia’

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Valeura Energy, PTTEP Partner

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine