FVSB’s parent company, MISC Berhad, has secured the contract for the FSO Benchamas 2 through an international competitive bidding process. The contract is valued at approximately USD230 million for a duration of 10 years with Chevron Offshore (Thailand) Ltd having the right to extend for up to 5 extensions of one year each.
The scope of work includes engineering, procurement, construction, installation, commissioning, lease and operations of the FSO Benchamas 2, which is expected to commence operations by Q2 2018.
Due to our expertise and experience as the premier operations and maintenance provider for the offshore oil & gas industry in Malaysia, coupled with unwavering support from our parent company, FVSB is set to enter the Thai offshore oil and gas market as the operations and maintenance (O&M) service provider for the FSO Benchamas 2.
With this significant milestone, FVSB has strengthened its leadership position and established a benchmark through its expertise that redefines O&M standards in the offshore oil and gas industry in Malaysia and expanding our footprint into international locations.