Yinson: 8th Extension for Lam Son FPSO

January 16, 2020

World Energy Reports LLC.
image-yinson-105423.jpg

Malaysian FPSO leasing specialist Yinson has signed another short-term charter extension for the Lam Son FPSO offshore Vietnam.

Yinson's Vietnam JV PTSC AP on Wednesday, January 15, entered into an eighth FPSO contract extension for the FPSO with PTSC, as the previous 15-day contract extension was set to expire.

The latest extension will keep the 243 meters long FPSO busy for 45 days starting from January 16 and ending February 29, 2020.

Yinson said that  PTSC AP would have the right to terminate the contract subject to a 7-day notice period. 

The value of the extension of the contract for the FPSo is $2.24 million (equivalent to approximately RM9.12 million).

The Lam Son FPSO, capable of producing 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.

 

Floating Production Week delivers unrivaled overview, insight and analysis to the Offshore Floating Production Systems and Technology market

Floating Production Systems Report And Online Database

  • Monthly reports -- Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 80 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In October of each year we provide a detailed five year forecast of production floater orders. In March of each year we fine tune the forecast and make revisions as needed.
  • Online database -- The online database is updated every day – with information direct from primary sources. In the database are details for 240 planned projects, 370 installations in service, 70+ floaters on order and 20+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
  • Customer support -- We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request a Free Sample Report