SINGAPORE (Oct 1): Federal International (2000) says it secured five contracts amounting to a total of US$58.4 million ($80 million), the largest being a US$51.3 million five-year charter hire contract for Federal II, a floating, storage and offloading (FSO) vessel owned by the group’s subsidiary, Eastern Jason Fabrication Services (EJFS).

This comes after the group’s previous charter agreement between China National Offshore Oil Corporation (CNOOC) and PT Eastern Jason PTEJ – which secured the five-year charter hire contract and is 30%-owned by EJFS – expired on Sept 5.

Under the new contract for Federal II which commenced on Sept 6, the FSO vessel will continue to be deployed at the Widuri Field in Indonesia.

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