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KUALA LUMPUR: Yinson Production, the offshore production business unit of Yinson Holdings Bhd, has announced the completion of a 16-year contract for FPSO Adoon, which has been operating at Block OML 123 offshore Nigeria.
In a statement, Yinson said the contract had an original period of eight years with an option to extend by up to eight more years until 2022.
Following the end of this period, the contract was further extended by client Addax Petroleum Development (Nigeria) Ltd via consecutive monthly extensions until January 2023.
“This has been made possible by our passionate team at Port Harcourt, with unwavering support from our client Addax, the regulatory bodies in Nigeria and the local community and supply chain.
"Deepest appreciation to everyone who played a part in FPSO Adoon’s success story,” said Yinson offshore production CEO Flemming Grønnegaard.