Yinson in line for Talisman FPSO contract

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.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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