Yinson Production Concludes Minority Stake Sale in FPSO Anna Nery

Tuesday, October 22, 2024

Yinson Production has completed the sale of minority stake in floating, production, storage and offloading (FPSO) unit Anna Nery, working for Petrobras offshore Brazil, to “K” Line for $49 million.

Yinson Production sold its 11.8% stake in Yinson Boronia Consortium, which indirectly fully owns FPSO Anna Nery, deployed at the Marlim field.

The sale follows the final acceptance of the FPSO Anna Nery last year and the successful refinancing earlier this year, which were closing conditions of the sale.



“K” Line is the second strategic investor in FPSO Anna Nery, following Sumitomo Corporation with an equity stake of 25%.

Upon completion of the sale, Yinson Production retains controlling equity stake of approximately 63.2% in the FPSO.

FPSO Anna Nery is a key part of the revitalization of Petrobras’ Marlim field in the Campos basin offshore Brazil.

The FPSO, which achieved first oil in May 2023, has a production capacity of 70,000 BOPD and 142 MMSCFD, and an estimated contract value of $ 5.5 billion over a 25-year firm carter period, until 2048.

"We are delighted to welcome “K” Line as a new shareholder in FPSO Anna Nery. This transaction marks another milestone in our long-standing strategic partnership with "K" Line and reflects their deep understanding of the sector, as well as their confidence in Yinson Production’s excellence as a leading independent owner and operator of FPSOs globally,” said Markus Wenker, Chief Financial Officer of Yinson Production.

Categories: Industry News Activity South America Asia Oil and Gas FPSOs

Related Stories

Woodside to Shed Some Trinidad and Tobago Assets for $206M

Petronas Preps for Sabah-Sarawak Gas Pipeline Decom Op

Sunda Energy Starts Environmental Survey for Timor-Leste Oil and Gas Field

EnQuest to Acquire Harbour Energy's Vietnamese Assets

Petronas to Retain National Authority After Sarawak Gas Deal

BP Targets 44% Oil, 89% Gas Increase from India’s Mumbai High Field

US Operator Finds Oil Offshore Vietnam

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

CNOOC’s South China Sea Oil Field Goes On Stream

Shell Shuts Down Oil Processing Unit in Singapore Due to Suspected Leak

Current News

Mitigate SCC & HE to Keep Offshore Metal Structures Ship Shape

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

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

Petrovietnam, Petronas Extend PSC for Offshore Block

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

Hanwha Ocean Marks Entry into Deepwater Drilling Market with First Drillship

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