Yinson Production celebrates the naming and sail away of the Agogo FPSO
Yinson Production has officially named the Agogo FPSO at a grand naming and sail away ceremony held at Cosco Shipping Heavy Industry (Shanghai) Shipyard in Shanghai, China. The vessel is now preparing to set sail for Angola, where she will operate in the Agogo Integrated West Hub Development Project in Block 15/06 offshore Angola for […]
Yinson Production completes acquisition of Stella Maris CCS, expanding its carbon capture and storage ecosystem
Yinson Production has successfully completed the acquisition of 100% of the shares in Stella Maris CCS AS (“Stella Maris”) from Altera Infrastructure. Stella Maris is a Norway-based carbon capture and storage (“CCS”) company developing a full CCS value chain, including carbon capture, intermediate storage, offshore transportation, and permanent sequestration of CO2 captured from industrial sources. […]
Yinson Production secures USD 1 billion investment from consortium of international investment firms to drive further growth
Yinson Production, through the newly established, UK-based holding company Yinson Production Offshore Holdings Limited (the “Issuer”), has entered into a definitive agreement with a consortium comprising Platinum Lily B 2024 RSC Limited (“Platinum”), a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”)”, and funds managed by British Columbia Investment Management Corporation (“BCI”), and […]
Yinson Production’s FPSO Atlanta achieves first oil
Yinson Production is pleased to announce that FPSO Atlanta achieved first oil on 31 December 2024. A 72-hour test has been successfully completed and Final Acceptance has been obtained from Brava Energia SA. This marks the commencement of the project’s firm charter, with contracted day rates being paid to Yinson Production for a period of […]
Yinson Production secures contract extension of at least 18 months for FPSO PTSC Lam Son
Singapore, 30 December 2024 – Yinson Production is pleased to announce the extension of the charter contract for FPSO PTSC Lam Son. In continuation of the existing bareboat charter, the contract has been extended for a firm period of 18 months starting from 1 January 2025 to 30 June 2026, with an automatic extension for […]
Yinson Production and PTSC joint venture wins FSO contract with a subsidiary of Murphy Oil Corporation for the Lac Da Vang project in Vietnam
Singapore, 2 December 2024 – PTSC Asia Pacific (“PTSC AP”), a joint venture between Yinson Production (49%) and PetroVietnam Technical Services Corporation (“PTSC”; 51%), has executed a contract for the provision, charter, operation and maintenance of the floating storage and offloading (“FSO”) vessel for the Lac Da Vang project with Murphy Cuu Long Bac Oil […]
Yinson hosts Malaysia Prime Minister Anwar Ibrahim in Rio de Janeiro, Brazil, celebrating strong Malaysia-Brazil ties and Yinson FPSOs
Yinson proudly hosted Malaysia Prime Minister, The Honourable Anwar Ibrahim at a networking reception in Rio de Janeiro to celebrate the strong ties between both countries, which is marked by a shared commitment to innovation and growth. The event, held at the Windsor Barra Hotel, was also attended by Minister of Investment, Trade and Industry […]
Yinson Production completes sale of minority stake in FPSO Anna Nery to “K” Line
Yinson Production has successfully completed the sale of an 11.8% stake in Yinson Boronia Consortium Pte. Ltd., which fully owns (indirectly) FPSO Anna Nery, to Kawasaki Kisen Kaisha, Ltd. (“K” Line) through a private sale transaction (the “Sale”). The Sale, first announced in July 2020, was closed on 22 October 2024 for a total cash consideration of USD 49 million. The […]
Yinson Production’s FPSO Maria Quitéria achieves first oil
Yinson Production is pleased to announce that FPSO Maria Quitéria has achieved first oil on 15 October 2024, followed by a successful 72-hour test. This marks the commencement of the project’s firm charter, with contracted day rates being paid to Yinson Production for a period of 22.5 years, until 2047. The project has also achieved […]
Moody’s raises Yinson Production’s outlook to positive, affirms Ba1 rating
Moody’s Ratings (“Moody’s”) has revised the outlook on Yinson Boronia Production B.V.’s rating from stable to positive, while reaffirming its credit rating of “Ba1”. Yinson Boronia Production B.V. owns and operates FPSO Anna Nery for Petróleo Brasileiro S.A. (“Petrobras”) in the Marlim field offshore Brazil. This change in outlook reflects Moody’s confidence in the financial […]