Yinson's Floating Production, Storage and Offloading ("FPSO") PTSC Lam Son Starts Production

abarrelfullabarrelfull wrote on 10 Jun 2014 13:38
Tags: asia fpso petrovietnam services vietnam

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On behalf of the Board of Directors of YINSON HOLDINGS BERHAD ("YINSON" or "the Company"), we would like to announce that Yinson's Floating Production, Storage and Offloading ("FPSO") PTSC Lam Son (jointly owned with PetroVietnam Technical Services Corporation) had on 6 June 2014 produced its first oil for Lam Son Joint Operating Company ("LSJOC") which marks the commencement of production in the said oil field located in Vietnam.

The FPSO contract with LSJOC was secured in 2012 and it is for a seven 7-year contract on the Thang Long-Dong Do Field, Vietnam with an option to be extended for additional 1 year period over a further 3-year period.

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