EOC Limited has announced that the Perisai Kamelia – the Floating Production, Storage and Offloading (FPSO) vessel deployed to a fast-track gas production project in the North Malay Basin, Malaysia – successfully completed start-up and commissioning and that the vessel's charter has commenced in November 2013.
Under EOC’s contract with an all-new client, Hess Exploration and Production Malaysia B.V. (Hess), and in co-operation with local Bumiputera Malaysian partner, Larizz Petroleum Services Sdn Bhd, the Perisai Kamelia has been assigned to support the early production activities in the North Malay Basin. Signed in November 2012, the contract covers a three-year charter period valued at about US$272.1 million, with extension options that could add a further three years to the charter duration.
EOC’s Chief Operating Officer, Mr Jon Dunstan, explained: “Our efforts to maintain a healthy fleet utilisation rate have clearly borne fruit, and the FPSO’s ability to achieve start- up and commissioning and gas production in such a narrow time frame demonstrates once again the depth of our capabilities in this area and our unique ability to provide complex life of field solutions in a fully integrated manner where we can provide design, construction, installation and operation of oil and gas facilities using fully in-house or affiliate company resources. We will continue to study how we can use our expertise to expand our service offerings into an integrated delivery model followed by a life of field service to our clients. It will certainly help us boost our presence in Southeast Asia, which offers excellent offshore opportunities for our vessels and services.”