Singapore-based upstream energy investment firm Samos Energy has executed a ship sale agreement for the acquisition of the FSO Suksan Salamander from Altera Infrastructure.
The unit is currently deployed on the Bualuang oil field offshore Thailand, operated by Medco Energi Thailand.
As part of the transaction, Samos has partnered with FPSO Ventures, a specialist in the operations and maintenance of floating production units.
Samos and FPSO Ventures have executed contracts with Medco Energi Thailand under which the latter will assume responsibility for operations and maintenance of the unit following the completion of the transaction and delivery of the FSO from Altera to Samos. The Singapore firm will take ownership of the asset and the associated bareboat charter contract.
The acquisition adds to Samos’ existing portfolio of three floating production units in Southeast Asia, which were acquired from BlackRock in 2023.
The Suksan Salamander FSO plays a critical role in production from the Bualuang oil field, providing offshore storage and offloading capacity to support stable operations. The double-hull FSO has a storage capacity of approximately 470,000 barrels of crude oil, with a production handling capacity of 20,000 barrels per day and an offloading rate of 20,000 barrels per hour.
