Samos Energy, the global energy investor, is pleased to announce the execution of a Ship Sale Agreement for the acquisition of the Suksan Salamander Floating Storage and Offloading (FSO) unit from Altera Infrastructure Group (“Altera'). The Suksan Salamander FSO is currently deployed on the Bualuang oil field offshore Thailand, operated by Medco Energi Thailand.
As part of the transaction, Samos has partnered with FPSO Ventures, a leading specialist in the operations and maintenance of floating production units. Samos and FPSO Ventures have executed contracts with Medco Energi Thailand pursuant to which, upon completion of the transaction and delivery of the Suksan Salamander FSO from Altera to Samos, FPSO Ventures will assume responsibility for the ongoing operations and maintenance contract for the Suksan Salamander FSO and Samos will take ownership of the asset and the associated bareboat charter contract.
The transaction represents a further step in Samos’ strategy to expand its portfolio of high-quality offshore production assets. The acquisition adds to Samos’ existing portfolio of three floating production units in Southeast Asia, which were acquired from BlackRock in 2023.
The acquisition follows a period of significant activity for Samos, during which the group has secured new equity and debt facilities at the group level to support the continued growth of its offshore production fleet and the acquisition of new platforms focused on E&P, midstream and power.
Samos’ partnership with FPSO Ventures reinforces its commitment to ensuring seamless operational continuity, high safety standards, and long-term reliability for Medco Energi Thailand and the Bualuang oil field. The Suksan Salamander FSO plays a critical role in production from the Bualuang oil field, providing offshore storage and offloading capacity to support stable operations. The double-hull FSO has storage capacity of approximately 470,000 barrels of crude oil, with a production handling capacity of 20,000 barrels per day and an offloading rate of 20,000 barrels per hour.
Source: Samos Energy
