A TRIO of contenders are standing by to submit commercial offers to Repsol to provide the floating production, storage and offloading vessel for the $1.1 billion Ca Rong Do (Red Emperor) oil and gas development off Vietnam.
The three companies are understood to be Yinson Holdings, Petrofac and Bumi Armada. Sources said Japanese giant Modec had withdrawn from the race.
The leased FPSO for Ca Rong Do will have a processing capacity of between 25,000 and 30,000 barrels per day of oil plus 60 million cubic feet per day of gas.
It
