This purchase will allow Trenergy to expand its FPSO capabilities in lieu of its plans to provide FPSO facilities to the new Kikeh oil field off the coast of Sabah. Currently, the company only operates a single vessel - Perintis - that does not have the capacity for the task.
MMM has a fleet of 12 vessels - mostly car carriers and tankers - and three of them are expected to be converted into FPSOs, which will then be leased to Trenergy at favourable prices.