Singapore-based Federal International has signed a contract that will keep the floating, storage and offloading vessel Federal II at Indonesia's Widuri field for another five years.
Federal said the five-year charter for the FSO is with Pertamina Hulu Energi OSES and began on 6 September 2018.
The new contract is worth US$51.3 million and replaces the previous charter with China National Offshore Oil Corporation.
