MTC seals Indonesian FPSO deal

Malaysia’s MTC Engineering has won a contract to supply the floating production, storage and offloading (FPSO) vessel for Medco Energi’s Forel field in South Natuna Block B, Indonesia.

The project has been awarded to a consortium between MTC Engineering and Indonesian contractors Hanochem Tiaka Samudera and Cakra Bahana, following a lengthy bid process throughout most of last year.

The FPSO is expected for delivery within 21 months and will be chartered to the client and operated by the consortium for five years with an option to extend. The production capacity for the FPSO will be designed for 10,000 bopd and 43 MMscfd.

This is MTC Engineering’s third FPSO development and first FPSO project outside of Malaysia, where it has two floaters, the Nautica Muar and MTC Ledang (pictured). Concurrently, MTC and partner S.P. Engineering Services are the sole bidders for Petronas’ Limbayong FPSO project, its first deepwater development off the coast of Sabah.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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