Malaysia-based MISC Group (MISC), through its joint venture company, Vietnam Offshore Floating Terminal (Ruby) Ltd. (VOFT), has secured a contract for the FPSO Ruby II with Vietnam National Industry – Energy Group (Petrovietnam).
The contract covers the lease, operation, and maintenance of the floating production, storage, and offloading (FPSO) unit until 31 December 2027, extending the operation of FPSO Ruby II, which has been operating in Blocks 01 & 02 offshore Vietnam since achieving first oil in June 2010.
MISC and PetroVietnam Technical Services Corporation (PTSC) hold 40 per cent and 60 per cent equity interests in VOFT, respectively.
The FPSO Ruby II is an aframax-sized vessel designed with a production capacity of 39,000 barrels of oil per day. The contract includes life-extension work such as equipment replacement and refurbishment.
“As MISC’s first offshore asset in Vietnam, FPSO Ruby II has been instrumental in establishing our presence and strengthening long-standing partnerships with Petrovietnam and PTSC,” said MISC president and group chief executive Zahid Osman.
