Yinson Holdings Berhad has, by way of Yinson Production West Africa Limited, Yinson Gazania Production and Yinson Gazania Operations, entered right into a Letter of Intent (LOI) with Aker Energy Ghana with the intent of awarding the contracts to constitution, function and keep the floating, manufacturing, storage and offloading vessel (“FPSO”) for the Pecan improvement venture within the Deepwater Tano/Cape Three Points (“DWT/CTP”) block, offshore Ghana. Following the execution of the LOI, the events will proceed to conclude the contracts and fulfil its circumstances. The contracts will likely be for a agency interval of ten (10) years adopted by 5 (5) yearly extension choices exercisable by Aker Energy. Aker Energy is the operator underneath the DWT/CTP Petroleum Agreement with a 50% collaborating curiosity. Its companions are Lukoil Overseas Ghana Tano Limited (38%), Ghana National Petroleum Corporation (10%) and Fueltrade Limited (2%). The Pecan area is situated in ultra-deep waters, starting from 2,400 to 2,700 metres deep, 115 kilometres offshore Ghana. The area will produce by Yinson’s FPSO, which would be the centre for processing and exporting of crude oil from the sphere, with a plateau manufacturing of roughly 110,000 barrels of oil per day. This FPSO will likely be Yinson’s second vessel to function in Ghanaian waters, with the primary being FPSO John Agyekum Kufuor which has been working for ENI within the Offshore Cape Three Points Block since 2017. Yinson’s Group Chief Executive Officer, Lim Chern Yuan, stated the award is proof of the trade’s growing confidence in Yinson’s talents to ship initiatives on time, and thereafter to take care of wonderful uptime and security data. “This is Yinson’s second giant venture award within the final 6 months, and we’re gearing up for even higher progress forward. In line with this, we now have been constructing our sources, capability and experience; placing us in a powerful place to fulfill our commitments to the initiatives that we now have undertaken,” he stated. Yinson’s Chief Executive Officer for Production, Eirik Barclay added that the Yinson workforce is drastically wanting ahead to working with Aker Energy on this thrilling and difficult venture in over 2,400 metres of water depth. He is assured in Yinson’s capacity to ship the FPSO to the Pecan area on schedule. “We are proud that Yinson has as soon as once more been chosen to execute a venture that may drastically profit the nation and the folks of Ghana,” he added.
(Source: Yinson – Image: Aker Energy)

The submit YINSON AWARDED FPSO CONTRACT FOR THE PECAN PROJECT OFFSHORE GHANA appeared first on Energy Global News.

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