Monday 6 August 2018

SOCO International plc announced that Hoang Long Joint Operating Company (HLJOC) has signed a contract extending the FPSO Bare Boat Charter located in the Te Giac Trang (TGT) field, offshore Vietnam.

The six-year contract extension of the existing Bare Boat Charter for the FPSO Armada TGT 1 has been signed between Armada TGT Ltd a wholly owned subsidiary of Bumi Armada Berhad and HLJOC with effect from 27 August 2018 to 14 November 2024, lowering the existing lease rate, with a contract value of USD $285 million.