Back to overview Home Fossil Energy Yinson Production’s Southeast Asia-bound FSO gets its name Yinson Production’s Southeast Asia-bound FSO gets its name Business Developments & Projects June 24, 2026, by Melisa Cavcic Share this article Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has held a naming ceremony for a floating storage and offloading (FSO) unit slated for deployment at an oil field off the coast of Vietnam, Southeast Asia. FSO naming ceremony; Source: Yinson Production Yinson Production celebrated the naming of the FSO PTSC Lac Da Vang ( FSO PTSC LDV ) on June 23, marking what is seen as a significant milestone ahead of the vessel’s deployment to the Lac Da Vang project offshore Vietnam. The unit is contracted to Murphy Cuu Long Bac Oil, a wholly owned subsidiary of Murphy Oil Corporation, to provide storage and offloading services for the Lac Da Vang field in Block 15-1/05, following a deal for a firm period of ten years with an option to extend for up to an additional five years. Almost a year after  a steel-cutting ceremony  was announced in February 2025 and keel laying in July 2025, OceanSTAR Elite Group held the launching ceremony for the vessel at Nantong Strongwind Shipyard in China on February 6, 2026. This content is available after accepting the cookies. Change cookie-settings View on Offshore-energy. New construction milestone for Yinson Production’s Southeast Asia-bound FSO The naming ceremony is interpreted to signify another significant milestone in the vessel’s construction, reflecting the collective efforts of the project teams, partners, and stakeholders involved in bringing the project to this stage. The event was attended by representatives from Yinson Production, PTSC, Murphy Oil Corporation, PetroVietnam, Ocean Marine & Offshore Investment, Nantong StrongWind Shipyard, and other project stakeholders. Designed as a newbuild double-hull vesse