Yinson Holdings Gets $2.54 Billion Offshore-Production Vessel Contract
January 27 2015 - 9:11PM
Dow Jones News
By Jason Ng
KUALA LUMPUR--Yinson Holdings Bhd (7293.KU) said Wednesday it
has secured a charter contract worth $2.54 billion for a floating
production storage and off-loading vessel from Italy's ENI S.p.A.
(ENI.MI).
The 15-year contract was awarded to a consortium, in which
Yinson owns a 49% stake. Its local partner Oil and Marine Agencies
Ghana Ltd. holds the other 51%, Yinson in a statement.
The contract would begin contributing to earnings beginning
financial year 2018 and may be worth up to $3.26 billion if
extended for another five years.
The vessel will process oil and gas from the Offshore Cape Three
Points block about 60 kilometers off the coast of Ghana, it
added.
Write to Jason Ng at jason.ng@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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