MISC Names, Delivers Its New FSO Unit
- Business & Finance
Malaysia’s MISC Berhad (MISC) held the naming and delivery ceremony of its new floating, storage & offloading (FSO) facility, the FSO Benchamas 2, on March 12.
The naming and delivery ceremony was held at Malaysia Marine and Heavy Engineering (MMHE) West Yard, Pasir Gudang, Johor.
The project marks MISC’s maiden foray into Thailand’s offshore Oil & Gas sector as well as its first partnership with Chevron Offshore (Thailand) Limited (COTL) in the offshore space. The contract for the lease and operations FSO, which has a storage capacity of 650,000 barrels with 12 years design life without dry-docking., was signed between MISC Offshore Floating Terminals (MOFT) and COTL in August 2016.
The FSO will be deployed for a full field development for COTL at the Benchamas field in the Gulf of Thailand. Conversion works for the FSO Benchamas 2 commenced in early 2017 and completed as planned, according to the company. FSO Benchamas 2 took over 2.2 million man-hours to complete, with zero lost time injury (LTI).
“FSO Benchamas 2 is a significant achievement for MISC, being our first collaboration with Chevron in the offshore segment. With our broad spectrum of energy related maritime solutions and services, be it in energy shipping or offshore solutions, MISC is confident of our ability to serve the various needs of the global oil and gas industry,” Yee Yang Chien, MISC’s President/Group Chief Executive Officer, said.