KNOC seeks FSO for fields off Vietnam

Korea National Oil Corp. (KNOC) signed a letter of intent with Modec Inc., Japan, as part of a consortium with Mitsui & Co. Ltd. and Petroleum Technical Services Co. (PTSC), a subsidiary of Vietnam Oil & Gas Corp. (Petrovietnam), for a floating storage and offloading (FSO) vessel for KNOC’s Rong Doi and Rong Doi Tay fields off Vietnam.