Malaysian contractor MTC Engineering will soon redeploy its floating production, storage and offloading vessel MTC Ledang to develop the Jitang field in Block SM2-02 in the Irong Cluster production sharing contract off Terangganu, Malaysia, writes Xu Yihe.
The company has signed a contract with operator Vestigo Petroleum to lease the MTC Ledang on a firm four-year charter with two separate one-year extensions options.
