Scant interest in Langsa FPSO tender

An invitation to tender for the supply of a floating production, storage offloading vessel to go on a two-year lease in the Langsa Technical Assistance Contract off Sumatra in Indonesia has attracted only five potential Indonesian bidders, writes Tan Hwee Hwee.

21 October 2011 1:43 GMT Updated 21 October 2011 1:43 GMT

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The Langsa TAC has been producing oil through a leased FPSO, MV8 Langsa Venture, since early 2001.

That vessel was previously owned by Japan’s Modec, but in January this year it was sold to Blue Sky Langsa, a vessel-owning vehicle set up by the joint venture partners of the Langsa TAC.

The FPSO was subsequently to go on a fresh lease throughout December 2011, and Indonesian upstream regulation requires the Langsa joint venture to put out a tender for a new floater contract after the current contract expires.

The

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Scant interest in Langsa FPSO tender