Sources said the two parties have made a breakthrough on a proposal for THHE’s partly converted MT Laurita FPSO to go on a multi-year lease at the Layang field in Block SK 10, following negotiations that have been going on since late last year.
Subject to approval from state-owned Petronas, the FPSO, which is presently anchored at Dubai Drydocks, is scheduled to undergo final conversion before starting a seven-year term charter with options for extension.
Operational
