KUALA LUMPUR: Yinson Holdings Bhd
’s (Yinson) Singapore unit, Yinson Production Offshore Pte Ltd, has completed its US$1.3bil (RM7.1bil) debt financing for the Agogo floating storage, production and offloading vessels (FPSO).
In a statement, Yinson said the financing was provided by a consortium of 13 lenders, including international banks and institutional investors, and will be utilised over the course of the construction of the FPSO.
Yinson Production entered into a firm contract for the provision, operation and maintenance of the Agogo FPSO with Azule Energy in February 2023, a 50:50 joint venture between BP and Eni, Angola’s largest independent oil and gas producer.
The contract has a firm operation period of 15 years, with additional optional periods of up to five years and a total contract value of up to US$5.7bil. — Bernama
The Agogo FPSO, designed with a full suite of carbon emission reduction technologies, is the first-ever FPSO featuring carbon capture technology. — Bernama
