September 28, 2011 [Dow Jones Newswires] - PetroVietnam Technical Services Corp. (PVS.VN) said Wednesday it and Yinson Holding have signed an agreement with two Singaporean banks for a $105 million loan to build a floating oil storage and offloading unit.
The lenders are United Overseas Bank Ltd. and Overseas Chinese Banking Corp., PTSC said in a statement.
The FSO unit, with capacity of 350,000 barrels of crude oil, will be used for oil and gas production at Hai Thach and Moc Tinh fields in Blocks 05.2 and 05.3 offshore Vietnam, it said.
