Arpeni wins Kangean FSO contract
Monday, April 20 2009 - 01:08 AM WIB
IDX-listed shipping firm PT.Arpeni Pratama Ocean Line TBk said it had won contract to provide a Floating Storage and Ofloading vessel from Kangean Energy Indonesia Indonesia, the operator of Kangean PSC offshore East Java.
CEO Oentoro Suryo was quoted by Bisnis Indonesia as saying that the contract will have value of US$60 million for four year. The FSO, he said, will have capacity of 700,000 barrels.(*)