EMAS Production Achieves First Oil in Vietnam with Lewek EMAS

EMAS has announced that Lewek EMAS, the floating production, storage and offloading (“FPSO”) for Vietnam’s high-profile Chim Sao oil project, has successfully achieved first oil on 10 October 2011.
The vessel is EMAS Production’s latest and largest FPSO vessel. This milestone marks the commencement of the vessel’s US$1 billion charter contract with Premier Oil Vietnam Offshore B.V. (“Premier”).

The contract, which was one of a handful of FPSO contracts awarded globally in 2009, comprises of a primary term of six years, with six renewable one-year extension options.

Lionel Lee, EMAS’s Managing Director, said: “Working with Premier is a proud moment for the EMAS Group as we had the opportunity to involve our key divisions to support the Chim Sao project. The Group was able to provide an integrated solution from the provision of the FPSO through EMAS Production and the fabrication of modules at TRIYARDS in Vietnam, to the installation and commissioning of the vessel. This demonstrates how EMAS aims to serve clients globally across the entire life-of-field.”

Lewek EMAS, which underwent conversion in Singapore’s Keppel Shipyard from a 168,000 deadweight tonne Suezmax oil tanker, has a storage capacity of about 660,000 barrels of oil and can produce up to 50,000 barrels of oil per day.

The day-to-day operations and maintenance, during the contract period, is being undertaken by PV Trans EMAS Company Limited (a newly-incorporated Vietnamese Joint Venture company owned by PetroVietnam Transportation Corporation and EOC Limited).

MarketWatch

Tags: Lewek EMAS

Posted by VBN on Oct 11 2011. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry