Yinson secures LOI for Ghana FPSO from Aker Energy

Malaysia’s Yinson Holdings has received a letter of intent (LOI) from Aker Energy for the provision of a floating production, storage and offloading vessel (FPSO) for the Pecan development project offshore Ghana.

According to Yinson Holdings, its affiliate companies Yinson Production West Africa Ltd, Yinson Gazania Production and Yinson Gazania Operations have received the LOI for a bareboat charter party agreement as well as an operation and maintenance agreement.

The primary term of the contracts is for a period of 10 years, and five one-year extension options are included. The value of the contract is not disclosed.

Yinson currently has the John Agyekum Kufuor FPSO operating in Ghanaian waters. The vessel has been working for ENI since 2017.

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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