The Hanoi Times - The Petro Vietnam Technical Services Corporation (PTSC) and the Malaysia International Shipping Corporation on August 14 launched floating production storage and offloading vessel FPSO Ruby No 2 in Pasir Gudang, Johor Bharu, Malaysia.
The Petroleum Technical & Services Joint Stock Corporation (PTSC) and its Malaysian joint venture partner – the International Shipping Corporation Sdn Bhd (MISC), an affiliate of the Malaysia National Oil Group (Petronas) – has named ‘FPSO Ruby II’ for a floating production storage and offloading (FPSO) facility for crude oil in Malaysia .
This event marks a milestone in strengthening co-operation between the Vietnamese and Malaysia oil sectors.
According to PTSC, the project includes steps from the design, purchase, construction to the trial run, operation and maintenance of the FPSO Ruby II. The Petronas Carigali Vietnam Limited Company (PCVL) won the contract to hire the FPSO.
Costing around US$280 million, it will serve the needs of oil and gas exploration and exploitation firms.
To operate the vessel, the two partners set up the joint venture Vietnam Offshore Floating Terminal, of which the PTSC holds a 60 percent stake.
The vessel is 244.8m long, has a width of 41.2 m and weighs more than 100,000 tonnes. It will have a maximum capacity of 645,000 barrels.
Earlier, the two companies poured US$180 million into the joint venture Malaysia-Vietnam Offshore Terminal Ltd to build the floating oil storage facility FSO Orkid, which has a capacity of 754,000 barrels, for Talisman Malaysia Ltd.