Contract signed for Te Giac Trang field FPSO
Offshore staff
HO CHI MINH CITY, Vietnam -- Hoang Long Joint Operating Co. has contracted Bumi Armada Berhad and Vietsovpetro for an FPSO destined for the Te Giac Trang field development, offshore Vietnam. Bumi Armada has acquired a Suezmax tanker for the conversion.
The contract is for an initial term of seven years and has one-year extensions up to 15 years. It also covers offshore installation, hookup, and commissioning of the FPSO. The FPSO will have a production capacity of 45,000 b/d and 1 MMbbl of storage.
Hoang Long Joint Operating Co. comprises Petrovietnam, Soco International, PTTEP, and OPECO.
11/23/2009