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Yinson in line for Talisman FPSO contract

Malaysia’s Yinson Holdings has announced that Talisman Vietnam has agreed via a letter of intent (LOI) to enter into exclusive negotiations with Yinson Production, a subsidiary of the company, for the supply of a floating production, storage and offloading (FPSO) facility for the Ca Rong Do field development offshore Vietnam.

The LOI is a confirmation of Talisman Vietnam’s intention to award the contract to Yinson Production. The deal is expected to be finalised by April 2017.

Talisman Vietnam is a wholly owned subsidiary of Repsol. The other partners in the Ca Rong Da field are PetroVietnam, PetroVietnam Exploration Production Corporation, Mubadala Petroleum, and Pan Pacific Petroleum.

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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