JV to supply Chim Sao FPSO

Ezra Holdings, EOC, PetroVietnam, and KSI Production are establishing a joint venture company that will supply an FPSO and related services to Premier Oil for the Chim Sao project, offshore Vietnam.

Offshore staff

SINGAPORE -- Ezra Holdings, EOC, PetroVietnam, and KSI Production are establishing a joint venture company that will supply an FPSO and related services to Premier Oil for the Chim Sao project, offshore Vietnam.

As part of the joint venture agreement, Ezra will provide the tanker Lewek Emas for conversion into the FPSO.

After conversion by Keppel Shipyard, the FPSO is expected to produce up to 50,000 b/d of oil and have a storage capacity of about 680,000 bbl of oil. Production is scheduled to begin in 2Q 2011.

02/08/2010

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