Samos Energy, a global energy investor, has finalized an agreement to buy the Suksan Salamander floating storage and offloading unit from Altera Infrastructure Group. The deal's financial details remain undisclosed.
The FSO is currently deployed at the Bualuang oilfield offshore Thailand, which is operated by Medco Energi Thailand. The vessel flies the flag of the Bahamas and was built by Mitsui in 1993, with a capacity of 78,228 deadweight tonnes.
As part of the transaction, Samos Energy has partnered with FPSO Ventures, a company specializing in the operations and maintenance of floating production units. Following the acquisition and transfer from Altera to Samos, FPSO Ventures will manage the FSO's operations and maintenance.
Samos Energy will take ownership and control of the asset, including its bareboat charter contract. This purchase aligns with the company's strategy to expand its offshore production portfolio. It complements Samos Energy's existing assets in South East Asia, such as three floating production units acquired from BlackRock in 2023.
Recently, Samos Energy has been securing new equity and debt facilities to support the growth of its offshore production fleet and the acquisition of new exploration, production, midstream, and power platforms. The collaboration with FPSO Ventures aims to maintain operational efficiency, safety standards, and reliability for Medco Energi Thailand at the Bualuang field.
The Suksan Salamander FSO is crucial to these operations, providing storage and offloading capabilities. It features a double-hull design, can store approximately 470,000 barrels of crude oil, process 20,000 barrels per day, and offload at a rate of 20,000 barrels per day.