Friday, 16 July 2010

First oil flow into FPSO Ruby II vessel

A ceremony to mark first oil flow through Vietnam’s underground pipeline into floating storage vessel FPSO Ruby II was held in Vung Tau City on Thurday, 15th July. The ceremony marked the official launch of operations for oil exploitation of the FPSO Ruby II.

The event was held by Petroleum Technical Service Corporation (PTSC) and Malaysia International Shipping Corporation (MISC). The vessel will be leased by Petronas Carigali Vietnam Limited (PCVL) for crude oil from the Hong Ngoc oil field. It is estimated that FPSO Ruby II will generate around US$165,000 per day.

FPSO is owned and operated by Vietnam Offshore Floating Terminals (VOFT), a joint venture company between PetroVietnam Technical Services Corporation (PTSC) and partner MISC Malaysia, with a 60 per cent share belonging to PTSC.

Source: Saigon Daily

For more news and expert analysis about Vietnam, please see Vietnam Focus.

No comments:

Post a Comment