MISC to monetise 50% of new Mero 3 FPSO

MISC will potentially decide on the equity partners after the vessel is converted from the existing very large crude carrier (VLCC) Bunga Kasturi Dua. The conversion is slated to be done by the second half of 2024.

PETALING JAYA: MISC Bhd is expected to monetise its Mero 3 floating production, storage and offloading (FPSO) asset by offering a 50% equity stake when the vessel is ready.

MISC will potentially decide on the equity partners after the vessel is converted from the existing very large crude carrier (VLCC) Bunga Kasturi Dua.