Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has celebrated the launch of a floating storage and offloading (FSO) unit destined for an oil field off the coast of Vietnam, Southeast Asia.
Nearly a year after a steel-cutting ceremony in February 2025 and keel laying in July 2025, the Singapore-based builder, OceanSTAR Elite Group, held the launching ceremony for the LDV FSO at Nantong Strongwind Shipyard in China on February 6, 2026. This unit is expected to be deployed at the Lac Da Vang oil field in Block 15-1/05 offshore Vietnam.
This milestone is perceived to mark the project’s transition into the delivery stage. The ceremony was attended by Murphy Cuu Long BacOil, PTSC Asia Pacific, ABS, and Titan Wind Offshore, said to reflect the strong collaboration driving this project.
The deal for the provision, charter, operation, and maintenance of the FSO was given to PTSC Asia Pacific, a joint venture between Yinson Production and PetroVietnam Technical Services Corporation (PTSC), in December 2024.
“Thanks to the excellent teamwork among all stakeholders, the project is currently progressing ahead of schedule,” underlined OceanSTAR Elite Group, adding: “We sincerely thank all partners for their continued trust and support as we move toward successful project delivery.”