PETALING JAYA: Yinson Holdings Bhd will need to put in the best front-end engineering design (pre-Feed) for two floating production storage and offloading (FPSO) projects in Angola and Suriname, as the group is competing with two to three other global players.
If its design is selected by French oil giant, Total, Yinson could potentially secure the FPSO charters involving substantive vessel capital expenditure of US$1bil-US$1.5bil (RM4.1bil-RM6.1bil).
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