PETALING JAYA: Yinson
Production has successfully completed the buy-out of the project loan related to floating production, storage and offloading (FPSO) Atlanta from Brava Energia S.A.
In a statement, the comprehensive FPSO solutions provider said at the time of the completion of the transaction, the principal amount outstanding under the project loan was approximately US$408.8mil (RM1.7bil), for which the company paid a total cash consideration of US$255.5mil plus US$1.9mil in accrued interest.
