Yinson and PTSC sign $416M deal for an FSO vessel to develop Vietnam's Lac Da Vang oil field.

Two energy companies, Yinson and PTSC, have signed a $416 million contract to develop a Floating Storage and Offloading (FSO) vessel for Vietnam's Lac Da Vang oil field. The vessel, with a storage capacity of 500,000 barrels and advanced fuel systems, is set to start operations in late 2026. The project reinforces Yinson's position in offshore assets and strengthens their partnership with PTSC.

December 02, 2024
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