Vietnam Offshore Floating Terminal (Ruby) (VOFT), the joint venture between MISC Group and PetroVietnam Technical Services Corporation (PTSC), has secured a contract with Petrovietnam to extend the lease, operation and maintenance of FPSO Ruby II offshore Vietnam through 31 December 2027.

The 1990-built unit has been operating in Blocks 01 & 02 since first oil in June 2010, supporting production and offtake activities in the country’s offshore sector.

Under the JV structure, MISC Group holds 40% of VOFT while PTSC holds 60%. The FPSO is described as an Aframax-sized vessel designed for 39,000 barrels per day of oil production capacity, and the contract scope includes life-extension work such as equipment replacement and refurbishment.

Operational performance metrics cited in Malaysian media reports include 5,761 days without a lost time injury, 99.9% uptime, 236 offtake operations and exports totaling 68.5 million barrels of oil since start-up.