Malaysia-based Yinson Production announced on 23 June 2026 that it celebrated the naming of FSO PTSC Lac Da Vang (“FSO PTSC LDV”), marking a significant milestone ahead of the vessel’s deployment to the Lac Da Vang project offshore Vietnam.
The ceremony marks a significant stage in the vessel’s construction and reflects the collective efforts of the project teams, partners, and stakeholders involved in bringing the project to this stage.
Contracted to Murphy Cuu Long Bac Oil Co. Ltd., a wholly owned subsidiary of Murphy Oil Corporation, FSO PTSC LDV will provide storage and offloading services for the Lac Da Vang field in Block 15-1/05 offshore Vietnam. The contract has a firm period of 10 years with an option to extend for up to an additional five years.
Designed as a newbuild double-hull vessel with storage capacity of approximately 500,000 barrels, FSO PTSC LDV incorporates advanced dual-fuel systems to support operational efficiency while contributing to lower emissions. The vessel has been designed with a strong focus on safety, operational excellence, and reliability.
The naming ceremony follows the successful launch of the vessel at Nantong StrongWind Shipyard in China earlier this year. As the project progresses through the final stages of outfitting, commissioning and testing, FSO PTSC LDV is preparing for sail-away and deployment to the Lac Da Vang field offshore Vietnam, where it is expected to commence operations in the fourth quarter of 2026.
Flemming Guiducci Grønnegaard, Chief Executive Officer of Yinson Production, said: “The naming of FSO PTSC LDV marks an important milestone in the journey towards deployment and first operations at the Lac Da Vang field. This project reflects the strength of our partnership with PTSC and the dedication of the teams who have worked tirelessly to bring the vessel to this stage. We look forward to supporting Vietnam’s growing energy needs for many years to come.”
FSO PTSC LDV further strengthens the long-standing relationship between Yinson Production and PetroVietnam Technical Services Corporation (PTSC). Through PTSC Asia Pacific and other joint ventures, the two companies have successfully operated offshore assets in Vietnam for more than a decade, including FSO PTSC Bien Dong 01 since 2013 and FPSO PTSC Lam Son since 2014.
The naming ceremony was attended by representatives from Yinson Production, PTSC, Murphy Oil Corporation, PetroVietnam, Ocean Marine & Offshore Investment, Nantong StrongWind Shipyard and other project stakeholders.