Yinson nets $2.5bn deal

Charter confirmed for FPSO in Ghana's Tano Basin
Yinson nets $2.5bn deal

Yilson Holdings has been awarded a $2.5bn charter contract for a floating production storage and off-loading vessel by Eni Ghana Exploration & Production.

The 15-year charter comes with five-yearly extension options and could be worth up to $3.25bn if all five options are taken. The FPSO is located in Ghana's Offshore Three Points Block in the Tano Basin and is expected to start in 2017.

In a separate statement, Yinson confirmed that the recently purchased VLCC Ulriken, renamed the Yinson Genesis, will be used for the project, stating that it would be converted to an FPSO.

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by Tom Holmes

Marine Trader Editor

Tom Holmes is the Editor of Marine Trader and readmt.com, the official publications of the International Marine Purchasing Association (IMPA). To discuss news, features or contributing to Marine Trader please get in touch.

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