Sea Discovery


Fred Olsen Production Signs Contract


Image: Quest Offshore Fred. Olsen Production ASA, on behalf of a joint venture to be established between Marubeni Corporation, Japan and Fred Olsen Production ASA, inked a Letter of Intent (LoI) with PetroVietnam Technical Services Corporation, Vietnam, relating to contracts for construction and installation and subsequent chartering of an FPSO for Thang Long & Dong Do oil fields offshore Vietnam. The charter contract is for a fixed period of seven years plus yearly options thereafter, with scheduled commencement during Q3 2013. A final contract is subject to finalization of terms and conditions.


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