The co-owners of the Ophir oilfield in Malaysia have selected a vessel for conversion into the floating production, storage and offloading vessel for the project.
MTC Engineering, a Malaysian contractor, has bought an oil tanker - Puteri Bangsa - for conversion into the MTC Ledang FPSO, said Ophir project co-owner Octanex.
Conversion works on the tanker will begin shortly.
The FPSO will have a small process facility module with capacity for 15,000 barrels of fluids per day and gas flaring and will be capable of storing up to 350,000 barrels of oil.