Yinson’s FPSO Helang achieve first gas

February 19, 2020

Dateline 2019-12-18, NST:

 Yinson Holdings Bhd’s latest floating production, storage and offloading (FPSO) vessel – FPSO Helang, has successfully completed performance testing, and charter rates commenced on 6 December 2019.

The Yinson team achieved timely delivery of first oil production 19 months after signing the contract for delivery of the FPSO facility with client JX Nippon Oil & Gas Exploration (Malaysia) Ltd (JX Nippon).

Yinson group chairman Lim Han Weng said the achievement was made possible through the great teamwork between the Yinson team, client and subcontractors.

“I would like to thank JX Nippon and Petronas for the opportunity to undertake this project.

 


Yinson to Take Over Layang FPSO from THHE

January 21, 2018

Interesting…

Dateline 2017-11-30, MarineLink:

THEE (sic), which has the Layang FPSO contract with Japan’s JX Nippon. has applied to Kuala Lumpur High Court, Malaysia to allow it novate the contract and deliver the vessel to Yinson.
Yinson has confirmed this in the Bursa Malaysia filing on Wednesday, saying it has no objection to the THHE application.
The charter contract — which is for EPCIC and leasing of a floating production storage and offloading facility to be deployed at the Layang field in Block SK10, offshore Miri, Sarawak — was initially made between JX Nippon Oil & Gas Exploration (Malaysia) Ltd and THHE.

 


Malaysia’s Yinson Holdings In Talks To Buy TH Heavy Engineering’s FPSO

December 9, 2017

Come on, Sabah International Petroleum. Where you at?

Dateline 2017-10-27, Nikkei Asian Review:

Malaysian oil and gas services company Yinson Holdings is in “exploratory talks” with TH Heavy Engineering to buy the company’s floating production storage and offloading unit, its chief executive said Friday.

The talks come as Yinson looks at opportunities to invest in “distressed” oil and gas companies, Lim Chern Yuan told Nikkei Markets. There could be other deals in the pipeline, he said.

The company “sits on about 600 million ringgit ($141.49 million) in cash” to back potential acquisitions, and will not “have a problem raising capital” should the need arise, Lim said.

 


Maybank Research retains Overweight on oil and gas sector

July 5, 2014

Who the heck is Yinson?

Dateline 2014-05-14, The Star:

 Maybank Investment Bank Research is maintaining its Overweight call on the oil and gas sector and its top picks are Dialog GroupPerdana Petroleum,SapuraKencana PetroleumPerisai Petroleum and Yinson.

It said on Wednesday these companies had exposures in the Refinery and Petrochemical Integrated Development  (RAPID), offshore support vessels (OSV), Malaysia exploration and production (E&P), offshore drilling and  floating production, storage and offloading (FPSO).