BP has actually booked Yinson’s Nganhurra drifting, manufacturing storage space and also offloading (FPSO) vessel for usage on its recommended 10-well subsea Palas, Astrea and also Juno oil areas (PAJ Project), on Block 31, offshore Angola.
Under an arrangement authorized in between BP and also Yinson, Yinson will specifically assign FPSO Nganhurra to BP for the PAJ Project up until 31 December 2022, with an expansion alternative up until 30 June 2023, while agreement arrangements to transform, run, preserve and also rent the FPSO for the PAJ task are done. The lease and also run agreement is expected to consist of a 10-year set term. It is anticipated to be performed by the end of 2024 succeeding to BP getting to last financial investment choice.
FPSO Nganhurra has a manufacturing capability of 100,000 barrels of oil each day and also was constructed by Samsung in 2006. The FPSO, which ran at the Enfield area in Australia up until fall 2018, is presently disabled outdoors Labuan, Malaysia.
Yinson holds a special acquisition alternative for FPSO Nganhurra up until 30 June 2023 with its proprietors, Woodside Energy and also Mitsui E&P Australia Pty Ltd, with a choice for Yinson to expand such special acquisition alternative up until 31 December 2023.
Yinson Production Chief Executive Officer Flemming Gr ønnegaard claims, “We have recently completed two successful redeployment projects, which are FPSO Abigail-Joseph and FPSO Helang, and the Group is currently engaged in a redeployment delivery for FPSO Atlanta. We are confident that our track record, technical knowledge and experience in this industry will support and fulfil bp’s business needs.”
