Samos Energy partners with FPSO Ventures to jointly manage newly acquired FSO.
Energy investment firm Samos Energy has acquired the Suksan Salamander floating storage and offloading unit from Altera Infrastructure Group, following the execution of a ship sale agreement.
The transaction is significant for Samos as it marks another step in its strategy to expand its portfolio of offshore production assets, adding to its assets in Southeast Asia, the company said.
The Suksan Salamander, a double-hulled FSO, is currently deployed on Medco Energi’s Bualuang oilfield offshore Thailand. The FSO has a storage capacity of approximately 470,000 barrels of crude oil, with a handling capacity of 20,000 barrels per day and an offloading rate of 20,000 barrels per hour.
Samos, in a statement, said it has partnered with FPSO Ventures, a specialist in the operations and maintenance of floating production units, as part of the transaction.
Upon completion of the transaction and delivery of the Suksan Salamander FSO from Altera to Samos, FPSO Ventures will be responsible for the ongoing operations and maintenance contract, while Samos will take ownership of the asset and the associated bareboat charter contract.
The Samos partnership with FPSO Ventures will reinforce its commitment to ensuring operation continuity, high safety standards and long-term reliability for asset operator Medco Energi Thailand and the Bualuang oilfield, Samos said.
Before the Suksan Salamander acquisition deal, Samos had bought three floaters — the Jasmine floating production, storage and offloading vessel, the Lewek Emas FPSO and the West Desaru mobile offshore production unit — from funds managed by BlackRock Infrastructure and from Petrofac Limited.
