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

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Turkey Discovers New Black Sea Gas Reserve

Indonesia Grants Approval to Kuwaiti Firm for Anambas Block in Natuna Sea

Valeura Energy Greenlights Wassana Oil Field Redevelopment off Thailand

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

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

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

Current News

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Three Dead in Chevron's Angolan Oil Patform Fire

BW Opal FPSO Vessel set for Work off Australia

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

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