PTSC Lam Son FPSO produces first oil in Vietnam

Yinson’s FPSO PTSC Lam Son (jointly owned with PetroVietnam Technical Services Corporation) had on 6 June 2014 produced its first oil for Lam Son Joint Operating Company (“LSJOC”) offshore Vietnam.

The FPSO contract with LSJOC was secured in 2012 and it is for a seven 7-year contract on the Thang Long-Dong Do Field, Vietnam with an option to be extended for additional 1 year period over a further 3-year period.

Lam Son is a Joint Operating company established by Petronas Carigali of Malaysia (50%) and PetroVietnam Exploration Production Corporation (PVEP) of Vietnam (50%). Currently LSJOC is conducting exploration and production activities in Block 01/97 & 02/97 offshore Vietnam.

This area is north-eastern of Cuu Long Basin, 169 km eastern from Vung Tau, 26 km from Ruby field, 30 km from Topaz field and 20 km from Rang Dong field.