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. MISC noted the contract marks its entry into the floating storage and offtake vessel business in 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.