Perisai Petroleum Teknologi Bhd is looking to finalise the purchase of a supply tanker that the company plans to convert into a floating storage offloading vessel (FSO) to support production in marginal oil fields.
In June, Perisai entered into an exclusive option agreement for the vessel purchase with FPSO Shiraz Pty Ltd, a special purpose company owned by Helix ESG and AGR.
FPSO Shiraz Pty Ltd was formed for the purpose of converting the former Royal Australian Navy supply tanker, Westralia into a floating production storage offloading vessel.
Source : Energy Current
