Yinson orderbook up to RM16bil after RM9bil Ghana FPSO contract

PETALING JAYA: The award of the US$2.54bil (RM9.14bil) chartering, operation and maintenance of a floating production storage and off-loading (FPSO) vessel contract in Ghana to Yinson Holdings Bhd will more than double Yinson’s orderbook to about US$4.6bil (RM16.56bil) and also double its earnings for its financial year (FY) ended Jan 31, 2018, said analysts who attended its briefing yesterday.

Prior to this contract win, Yinson’s orderbook stood at US$2.06bil (RM7.21 bil).