FSO Benchamas 2 (2Q 2018-2Q2028)

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FSO Benchamas 2 (2Q 2018-2Q2028)

Unread post by escveritas » Sun Jun 30, 2019 1:28 am

Malaysia’s maritime solutions and services provider MISC Berhad has held the naming and delivery ceremony of its new floating, storage and offloading (FSO) facility for Chevron, the FSO Benchamas 2.

The project marked MISC’s maiden foray into Thailand’s offshore oil & gas sector as well as its first partnership with Chevron Thailand in the offshore space.

The contract for the lease and operations of the FSO was secured through an international competitive bidding process and was signed between MISC Offshore Floating Terminals (L) Limited (MOFT) and Chevron Offshore (Thailand) in August 2016.

Conversion works for the FSO Benchamas 2 Project started in early 2017. The donor vessel for the conversion was the formerly AET-operated Bunga Kelana 5, an Aframax tanker built in March 1999 with a 105,400 deadweight tonnage which can store around 750,000 tonnes of crude oil.

The FSO will be deployed for a full field development for Chevron at the Benchamas field in the Gulf of Thailand. The project is expected to start by the second quarter of 2018.

According to MISC, FSO Benchamas 2 Project took over 2.2 million man-hours to complete. The FSO has a storage capacity of 650,000 barrels with 12 years design life without drydocking.

Chevron Corp. let a $230-million lease and operations contract to MISC Offshore Floating Terminals for the FSO Benchamas 2 project in the Gulf of Thailand.

The 10-year contract with Chevron Offshore (Thailand) Ltd. has options of up to five 1-year extensions.

The contract covers engineering, procurement, construction, installation, commissioning, lease, and operation of the FSO Benchamas 2, scheduled to start operation by second-quarter 2018.

Chevron is among Thailand’s largest oil producers (OGJ Online, Nov. 13, 2000). MISC Offshore is part of Malaysia’s MISC Bhd.

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