The London-headquartered global energy investor Samos Energy (Samos) has announced the execution of a Ship Sale Agreement for the acquisition of the Suksan Salamander floating storage and offloading (FSO) unit from Altera Infrastructure Group (Altera).
The FSO Salamander is currently deployed on the Bualuang oil field offshore Thailand and operated by Medco Energi Thailand.
As part of the FSO purchase transaction, Samos has partnered with FPSO Ventures who is a specialist in the operations and maintenance of floating production units.
Samos and FPSO Ventures have executed contracts with Medco Energi Thailand pursuant to which, upon completion of the transaction and delivery of the Suksan Salamander FSO from Altera to Samos, FPSO Ventures will assume responsibility for the ongoing operations and maintenance contract for the Suksan Salamander FSO and Samos will take ownership of the asset and the associated bareboat charter contract.
Samos states that the Suksan Salamander FSO plays a critical role in production from the Bualuang oil field, providing offshore storage and offloading capacity to support stable operations.
It also mentions that the double-hull FSO has storage capacity of approximately 470,000 barrels of crude oil, with a production handling capacity of 20,000 barrels per day and an offloading rate of 20,000 barrels per hour.
