Short-term Charter Extension for Yinson's FPSO in Nigeria

Bartolomej Tomic
Wednesday, December 21, 2022
Credit: Yinson

Malaysia's FPSO leasing company Yinson has secured a one-month contract extension for its Adoon FPSO in Nigeria.

The contract was signed with client Addax, a Sinopec subsidiary, on December 16, 2022 and will run until January 2023.

The value of the contract extension is estimated to be $3.4 million. The original contract for the FPSO Adoon was awarded on October 17, 2006.

The spread-moored FPSO, with a storage capacity of 1,7 million barrels of oil, is used for oil production from Addax's Block OML 123, offshore Nigeria. The FPSO can produce 60,000 barrels of oil per day. 

According to Yinson's 2022 annual report, 84% of the people working aboard the FPSO were local.

The deal between Sinopec's Addax and Yinson's Adoon Pte. Ltd. extends the FPSO's tenure to November 16, 2022.  The extension is worth $3.4 million (equivalent to approximately RM16.04 million).

 Elsewhere in Africa, Yinson earlier this month agreed to start preliminary activities for the provision of an FPSO for Eni, BP JV in Angola, called Azule Energy.

Under the agreement with Azule Energy, Yinson will start preliminary work for the provision, operation, and maintenance of a floating, production, storage, and offloading asset for the Agogo Integrated West Hub Development Project in Angola. Read More.


Categories: Energy Industry News Activity FPSO Floating Production

Related Stories

TMC Books Compressors Orders for FPSO and LNG Vessels

TMC Books Compressors Orders for FPSO and LNG Vessels

Sapura Energy Scoops Close to $9M for O&M Work off Malaysia

Sapura Energy Scoops Close to $9M for O&M Work off Malaysia

China Unveils Plans for New Offshore Wind Farms to Tackle Carbon Emissions

China Unveils Plans for New Offshore Wind Farms to Tackle Carbon Emissions

MODEC and Samsung Team Up to Install Carbon Capture Tech on FPSO

MODEC and Samsung Team Up to Install Carbon Capture Tech on FPSO

Eco Wave Finds Partner for Wave Energy Project in India

Eco Wave Finds Partner for Wave Energy Project in India

McDermott Concludes Work at PTTEP’s Kikeh Gas Field Off Malaysia

McDermott Concludes Work at PTTEP’s Kikeh Gas Field Off Malaysia

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

BP to Help Boost Oil and Gas Output at India’s Largest Producing Field

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

Flare Gas Recovery Meets the Future

Current News

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

TMC Books Compressors Orders for FPSO and LNG Vessels

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

photo

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com