A group of Vietnamese banks has agreed to finance the Singaporean PVKEEZ company’s project to revamp a floating production, storage and offloading unit of the Chim Sao oilfield in offshore Vietnam.
A contract on the 227 million USD loan, which has a term of six years with two grace years, was signed in Hanoi on July 21.
As the loan is the first for a foreign joint venture company in Vietnam, four local and international law firms were hired to prepare the contract.
PVKEEZ is partnered by the Oil and Gas Transport Joint Stock Corporation, EOC Limited, Ezra Holding Limited and KSI Production Pte. Ltd./.
A contract on the 227 million USD loan, which has a term of six years with two grace years, was signed in Hanoi on July 21.
As the loan is the first for a foreign joint venture company in Vietnam, four local and international law firms were hired to prepare the contract.
PVKEEZ is partnered by the Oil and Gas Transport Joint Stock Corporation, EOC Limited, Ezra Holding Limited and KSI Production Pte. Ltd./.
