Leading floating production, storage and offloading vessel contractors in Southeast Asia are standing by in preparation for an invitation to start the bidding phase for a sizeable floater required for the Tuna oil and gas project offshore Indonesia.

FPSO market sources said at least four companies or consortia are lining up for the bidding phase — Bumi Armada with Shapoorji Oil & Gas, BW Offshore, HBA Offshore and Yinson Holdings.

An invitation to bid for the floater’s design competition is expected before the end of this year when licensed Indonesian contractors will be invited to team up with the invited FPSO bidders.