Chevron lets contract for FSO project offshore Thailand

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.
Aug. 26, 2016

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.

About the Author

OGJ editors

Sign up for Oil & Gas Journal Newsletters