Yinson gets BW offer

The Petroleo Nautipa FPSO contract will last until September next year, with options for a one-year extension.

PETALING JAYA: Yinson Holdings Bhd has received an offer from BW Offshore Ltd to either sell down or increase its stake in the Petroleo Nautipa floating production, storage and offloading facility (FPSO), which is currently in Nigerian waters.

In a statement to the stock exchange yesterday, Yinson said BW Offshore had proposed to reach a mutual agreement over the eventual 100% ownership of the Petroleo Nautipa FPSO and its owner Tinworth Pte Ltd by either parties.