MISC Group, a Malaysia-based maritime energy services provider, has secured contracts to deliver and operate Papua New Guinea’s (PNG) first floating storage and offloading (FSO) unit. The company signed long-term bareboat charter and operations and maintenance agreements with ExxonMobil subsidiary ExxonMobil PNG, which is the operator of the PNG liquefied natural gas (LNG) project. The contracts mark MISC Group’s entry into the country. The charter is set for 15 years with options to extend for a furth ...