Malaysian FPSO provider Yinson has agreed to yet another short-term extension for its FPSO PTSC Lam Son, offshore Vietnam.
The company’s Vietnam JV PTSC AP on November 29 signed a sixth addendum to the interim contract with PTSC to extend the tenure contract for a period of one month starting December 1, 2019, to December 31, 2019.
PTSC AP has the right to terminate the contract subject to a 7-day notice period.
The value of the one-month extension is estimated to be $1.54 million (equivalent to approximately RM6.42 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.