Two Malaysian companies vying for a contract to provide the leased floating production, storage and offloading vessel for the Ca Rong Do oil and gas project in Vietnam have been asked to revise their commercial offers.
Bumi Armada and Yinson Holdings — the fifth and sixth largest FPSO companies in the world based on the number of floaters on contract and on order — are competing to provide Spanish operator Repsol with a vessel with processing capacity of between 25,000 barrels per day of oil and 30,000 bpd plus up to 130 million cubic feet per day of gas.
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