Printer Friendly

Malaysia,United States : Chevron awarded US$230mil deal to MISC Offshore Floating Terminals.

MISC Bhds unit MISC Offshore Floating Terminals (L) Ltd has won a deal from Chevron for the lease and operations of a floating, storage and offloading vessel (FSO) in the Gulf of Thailand.

The energy shipping company, which is a subsidiary of Petroliam Nasional Bhd stated that it received the agreement via a competitive bidding and this marked MISCs maiden foray into Thailands offshore oil and gas market.

The deal with COTL was for a duration of 10 years, with COTL having the right to extend for up to five extensions of one year each.

The vessel is being leased by Chevrons unit Chevron Offshore (Thailand) Ltd (COTL) for the FSO Benchamas 2 Project.

[c] 2016 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).

COPYRIGHT 2016 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Mena Report
Date:Aug 27, 2016
Words:127
Previous Article:United Kingdom : NEW lab assists ACE get contract wins.
Next Article:Ireland : LIMERICK library contract secured by BAM.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters