Yinson FPSO gets contract extension in Nigeria

Addax Petroleum Development (Nigeria) has extended its contract on Yinson Holdings’ floating production storage and offloading (FPSO) unit Adoon by a further three years until October 2018. The contract extension is valued at around $129m (RM531m).

This is the second time Addax has extended its charter of on Adoon, which has been deployed in Nigeria’s Antan offshore oilfield for the duration of its contract so far.

The FPSO’s original contract was awarded for a firm eight-year period in October 2006, with an option to renew for up to eight years.

Addax, a subsidiary of Sinopec, extended the unit’s employment by a further year in October 2014 for $39m (RM127m).


Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
Back to top button