Samos Energy has acquired the Suksan Salamander floating storage and offloading (FSO) unit from Altera Infrastructure Group. This acquisition represents a strategic expansion of Samos's portfolio of offshore production assets, particularly in Southeast Asia.

Asset Specifications and Deployment

The Suksan Salamander is a double-hulled FSO currently operating on Medco Energi's Bualuang oilfield offshore Thailand. It has a storage capacity of approximately 470,000 barrels of crude oil, a handling capacity of 20,000 barrels per day, and an offloading rate of 20,000 barrels per hour.

Management Partnership

As part of the transaction, Samos has partnered with FPSO Ventures, a specialist in floating production unit operations and maintenance. Upon delivery of the FSO, FPSO Ventures will assume responsibility for the ongoing operations and maintenance contract. Samos will take ownership of the asset and the associated bareboat charter contract. This partnership is intended to ensure operational continuity, high safety standards, and long-term reliability for the asset operator, Medco Energi Thailand.

Strategic Context

This acquisition follows Samos's previous purchases of three other floating assets: the Jasmine FPSO, the Lewek Emas FPSO, and the West Desaru mobile offshore production unit, which were acquired from funds managed by BlackRock Infrastructure and from Petrofac Limited.