Yinson FPSO gets four-year extension in Nigeria

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.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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