Pertamina transfers another vessel asset to new subsidiary
Thursday, October 19 2017 - 01:23 AM WIB
State-owned oil and gas company PT Pertamina has transferred the Pertamina Abherka FSO vessel to its newly set up subsidiary PT Pertamina International Shipping (PT PIS).
Pertamina said in a statement on Wednesday this follows the transfer of four tankers since May of this year to PIS including MT Sambu, MT Sei Pakning, MT Sungai Gerong, and MT Fastron.
The statement said that Pertamina Abherka FSO was previously a large range tanker with capacity of 86,000 DWT called MT Geudondong. It was converted into an FSO in 2012 at Cosco Shipyard, China. It?s Pertamina?s first FSO vessel.
The statement said that following the transfer, the Pertamina Abherka FSO would be re-deployed for operation at West Madura Offshore block operated by Pertamina subsidiary PT Pertamina Hulu Energi. The vessel has been leased out to PHE WMO for 10 years under a contract starting 2012.
Editing by Reiner Simanjuntak