Yinson

YINSON Holdings Bhd’s Singapore-based subsidiary, Yinson Production Offshore Pte Ltd has successfully completed the buy-out of the project loan for FPSO Atlanta from Brava Energia SA, paying approximately US$255.5 million in cash plus US$ 1.9 million in accrued interest, against an outstanding principal of US$408.8 million.

The deal was funded using the company’s existing cash reserves, with plans to secure new debt financing in the future.

Yinson acquired FPSO Atlanta in 2023 through a purchase option, with the vessel currently operating under a 15-year firm contract (plus a five-year extension option) with Brava.

The FPSO achieved first oil on December 31 2024, and the remaining contract value is around US$2 billion.

Yinson Production is a leader in FPSO operations, managing a fleet of 11 vessels and holding an orderbook exceeding US$ 19 billion across 11 countries.

The post Yinson acquires FPSO Atlanta project loan for US$257m appeared first on The Malaysian Reserve.

YINSON Holdings Bhd, via its joint venture PTSC South East Asia Pte Ltd (PTSC SEA), has secured a contract worth up to US$600 million for the provision and charter of a floating storage and offloading (FSO) vessel for the Block B field offshore Vietnam.

In a filing with Bursa Malaysia, the group said the contract with Phu Quoc Petroleum Operating Company (PQPOC) was effective from July 28, 2025.

The base charter period is 14 years, with an option for a further extension of up to nine years.

PTSC SEA is a 49:51 joint venture between Yinson Production Capital Pte Ltd, a wholly-owned subsidiary of Yinson, and PetroVietnam Technical Services Corporation.

The FSO will support Vietnam’s Block B Gas Project, which encompasses Blocks B&48/95 and 52/97.

The fields are located 250–400 km offshore Ca Mau Province and the O Mon Power Complex, in water depths of 77 to 80 metres.

The project is expected to supply more than five billion cubic metres of gas annually to customers across Vietnam’s southwest region.

Yinson said the contract is expected to contribute positively to its earnings and net assets per share, though it will not affect its share capital or structure. — TMR

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