PTSC Lam Son FPSO produces first oil in Vietnam

Yinson’s FPSO PTSC Lam Son (jointly owned with PetroVietnam Technical Services Corporation) had on 6 June 2014 produced its first oil for Lam Son Joint Operating Company (“LSJOC”) offshore Vietnam.

The FPSO contract with LSJOC was secured in 2012 and it is for a seven 7-year contract on the Thang Long-Dong Do Field, Vietnam with an option to be extended for additional 1 year period over a further 3-year period.

Lam Son is a Joint Operating company established by Petronas Carigali of Malaysia (50%) and PetroVietnam Exploration Production Corporation (PVEP) of Vietnam (50%). Currently LSJOC is conducting exploration and production activities in Block 01/97 & 02/97 offshore Vietnam.

This area is north-eastern of Cuu Long Basin, 169 km eastern from Vung Tau, 26 km from Ruby field, 30 km from Topaz field and 20 km from Rang Dong field.

 

June 09, 2014

 

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