New MOPSU venture in the works
Quoted from http://www.upstreamonline.com/incoming/article180355.ece:
New MOPSU venture in the works
Malaysia-based Perisai Petroleum is firming up a tripartite joint venture to pursue mobile offshore production and storage unit (MOPSU) projects, according to industry sources.
Perisai will take the lead in the joint venture with a 50% majority stake, while Malaysian fabricator, Kencana Petroleum and Singapore-based Ezra Holdings will each contribute 20% interests, according to a source.
The trio will invest in two MOPSU units to be built based on Perisai’s patented technology. Each unit is said to cost $60 to $80 million.
The MOPSU is a barge-shaped production and storage unit with hydrocarbon processing equipment and living quarters on-board and installed over jack-up legs mounted into the seabed.
A Malaysian tender is understood to have been floated last September for the supply of an 8000 to 9000-tonne MOPSU to be installed in the Sepat project off Malaysia.
