LogIn LogOut

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

December 21, 2022

Credit: Yinson
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.



Current News

Roc Oil Books Velesto Jack-up Rig

Roc Oil Books Velesto Jack-up Rig

All 47 Turbines Installed at Formosa 2 Offshore Wind Project

All 47 Turbines Installed at Formosa 2 Offshore Wind Project

Exxon Banks Record $56B Profit in '22

Exxon Banks Record $56B Profit in '22

Offshore Wind: Floating Wind is the Future

Offshore Wind: Floating Wind is the Future

U.S. Major ExxonMobil Faces $220M Tax Claim from Russia

U.S. Major ExxonMobil Faces $220M Tax Claim from Russia

Japan's Marubeni Starts Commercial Ops at Akita Offshore Wind Farm

Japan's Marubeni Starts Commercial Ops at Akita Offshore Wind Farm

Samsung Heavy Delivers LNG Pair for MISC

Samsung Heavy Delivers LNG Pair for MISC
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