Yinson acquires Petronas licences

Kuala Lumpur: Yinson Holdings announced that its 30%-owned associate company Yinson Energy had been awarded three licences by Petronas.

“The award of these licences qualifies Yinson Energy to tender and participate in upcoming works relating to the categories of the listed licences for Petronas and other oil companies and/or operators in Malaysia,” Yinson said in an announcement.

The three licences issued to Yinson Energy include a floating offshore facilities licence, a mobile offshore facilities licence and a naval architecture and marine engineering licence.

Yinson said the group expects new opportunities from the licences to contribute positively to its future earnings and net assets. [13/11/14]

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