wHAT We do
We offer the full spectrum of O&M services
FPSO Ventures Sdn. Bhd.(FVSB) was incorporated in 2003 to pursue Operations and Maintenance (O&M) services opportunities and initiatives for offshore floating systems. We are a subsidiary of MISC Berhad, Malaysia’s leading logistics and shipping company, and a public listed company on the KLSE main board.
We commenced our first O&M management contract in 2005 for the FPSO Bunga Kertas in the Penara and North Lukut Fields for PETRONAS Carigali. Since then, we have been progressively increasing our portfolio of managed assets and are currently the largest operator of floating production systems in oilfields throughout Malaysia. Today, almost 25% of the nation’s domestic oil production is managed through FVSB operated facilities.
Knowledge-based management systems and processes
Experienced and skilled personnel
Fast, decisive and proactive response
Why we do it
We aim to be the premier provider of O&M services for the offshore Oil and Gas industry in Malaysia.
We provide the best customised O&M services that comply with our customers’ requirements and where possible, exceeding our customers’ expectations.
On 9 April 2018, the FSO Benchamas 2 facility departed MMHE, Pasir Gudang, Johor under tow bound for the Gulf of Thailand. Her voyage is expected to take 7 days, where she will then be installed as part of a full field development for Chevron Offshore (Thailand) Ltd...read more
On 12 March 2018, FVSB’s parent company, MISC Berhad, held the naming and delivery ceremony of its new Floating, Storage & Offloading (FSO) facility for Chevron Offshore (Thailand) Limited (COTL), the FSO Benchamas 2. FSO Benchamas 2 has a storage capacity of...read more
On 12 November 2017, FVSB once again attained another major safety milestone after recording 11 years worked without a Lost Time Incident (LTI) onboard FSO Angsi. FSO Angsi is located approximately 136km from the east coast of Peninsular Malaysia at block PM-305...read more
We commenced operations on the FPSO Bunga Kertas in 2005 and we have since expanded our portfolio to the Operations & Maintenance of 11 facilities consisting of 1 FLNG, 4 FPSO’s, 5 FSO’s and 1 set of 2 Mobile Production Units (“MOPU”).