The Vietnamese-Russian joint venture had already received commercial offers for the supply of the FSO-6, but sources said it decided to put the project on hold.

At least one round of commercial bids was submitted for the FSO by Japan's Modec, Vietnam's Vinashin and Dutch company Bluewater in late 2008.

Those bids for the engineering, procurement and construction contract ranged from $192 million to $211 million.

The