KUALA LUMPUR: Yinson Holdings Bhd has been awarded two contracts by Petróleo Brasileiro SA (Petrobras) for the charter, operations and maintenance of Integrado Parque das Baleias (IPB FPSO), with an aggregate value of US$5.2 billion.
In a statement today, the company said IPB FPSO is a floating, production, storage and offloading (FPSO) vessel in the North Campos Basin, offshore Brazil.
Yinson said the letters of intent (LOIs) were issued to Yinson Production Pte Ltd, its indirect wholly-owned subsidiary.
It said the contract period is for 22.5 years from the date of the final acceptance.
IPB FPSO will be Yinson’s second vessel to operate in Brazil waters, with the first being FPSO Anna Nery, which was awarded to Yinson by Petrobras in October 2019.
FPSO Anna Nery is currently under construction in Cosco Changxing, China, and is on track to be operational in 2023 in the Marlim field, located in northeastern part of the Campos Basin.
Yinson group chief executive officer Lim Chern Yuan said the company was well-positioned to take on the IPB FPSO project, as it had successfully strengthened its resources, capacity and expertise in Brazil over the past few years.
“Brazil is a region of paramount importance to Yinson and we are committed to giving our very best in order to contribute to the advancement of the country’s energy industry.
“We are pleased that the efforts we have put into building our presence in Brazil have created synergies that will allow our Brazil-based projects to achieve greater efficiencies, creating greater value for all our stakeholders,” he said.
Sorce: New Straits Times
