MISC Offshore Floating Terminals Limited has signed an agreement with Chevron Offshore (Thailand) Limited (COTL) for the lease and operations of a floating storage and offloading (FSO) vessel in the Gulf of Thailand. The vessel is being leased for the FSO Benchamas 2 project. The agreement with COTL is for a span of 10 years, with COTL holding the right to extend the agreement for up to five extensions of one year each.
