PetroChina awards $91.325 million FSO contract
Monday, February 13 2006 - 02:50 AM WIB
Singaporean services company Federal International (2000) Ltd announced Monday the consortium of its subsidiary, Federal Offshore Services Pte Ltd (FOS), FOS?s wholly owned subsidiary, KK Marine Inc. and PT Antarbuwana Pertala, has secured a US$91.325 million contract from PetroChina International Jabung Limited
Federal said the consortium will provide time charter of floating storage and off-loading (FSO) vessel services to support PetroChina?s operational activities in Jabung Block, Province of Jambi, starting 2006 for an initial period of 10 years with an option for another five years.
Federal added the consortium would use Federal?s FSO vessels, the Federal I, which will be moored at its terminal to receive, store and offload crude oil. (Robert)