Yinson seals the deal for Vietnam FPSO

Malaysia’s FPSO operator Yinson has finally managed to secure a more long-term deal for its Lam Son FPSO, which is operating offshore Vietnam. 

FPSO PTSC Lam Son; Source: PTSC

In a Bursa Malaysia filing on Monday, Yinson said that PTSC had entered into a bareboat charter contract for the Lam Son FPSO with PTSC AP.

PTSC AP is a joint venture company between Yinson and Vietnam’s PTSC. PTSC Lam Son has been operating at Thang Long – Dong Do field from June 2014.

Yinson said that the charter contract would replace the interim charter contract retroactively and will start from July 1, 2017, to June 30, 2021. To remind, the interim contract has been extended eight times, with the latest extension in mid-January 2020.

Parties will have the right to terminate the bareboat charter contract subject to a 90-day notice period. Subject to the mutual agreement of parties, the charter contract may be further extended thereafter.

The value of the contract is estimated to be $122.87 million.

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. The FPSO has been operating at the at Thang Long – Dong Do fields offshore Vietnam since 2014.

Offshore Energy Today Staff


Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Also, if you’re interested in showcasing your company, product, or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.

Share this article

Follow Offshore Energy Today

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply