Malaysia’s Yinson has sealed an extension with Addax Petroleum Development for 1985-built FPSO Adoon.
The extension comes into effect retrospectively from October 17, 2018 and is for a period of four years.
The value of the contract extension from June 187, 2019 is estimated at $137.5m.
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.