Malaysian And Japanese Companies Want To Enter The Campos Basin And Supply FPSO

Written by Paulo Nogueira

Published on 28/03/2019 at 05:00

Updated on 28/03/2019 at 10:16

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The Intent of Yinson Holdings Bhd and Sumitomo Corporation Is to Form a Joint Venture to Supply Floater for the Marlin Field and Act on Revitalization Projects

Yinson Holdings Bhd (Malaysia) has signed a Letter of Agreement (LOA) with Sumitomo Corporation (Japan) to participate in a potential joint venture for the supply of a Floating Production, Storage, and Offloading Unit (FPSO) for the Marlin field in Brazil. In a statement released yesterday (27), the company said the LOA confirmed Sumitomo Corporation’s intention to participate in the project with an effective interest of at least 20% in the event of a successful proposal made by Yinson.

According to him, under this collaboration, Yinson is committed to overseeing and leading the overall implementation of the project, while Sumitomo is committed to seeking competitive logistics and financing, as well as enhancing project execution.

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“The collaboration has been positive so far, and the cordial working relationship is a strong indication of the trust our partners have in Yinson’s ability to execute projects and manage risks.

“We are confident that the collaboration with Sumitomo Corporation at different levels of work will enhance our strength in terms of bidding strategy, financing, and project execution, increasing our competitiveness in future projects worldwide”, said the chairman of the Yinson group, Lim Han Weng. – Bernama

Malaysian And Japanese Companies Want To Enter The Campos Basin And Supply FPSO

The Intent of Yinson Holdings Bhd and Sumitomo Corporation Is to Form a Joint Venture to Supply Floater for the Marlin Field and Act on Revitalization Projects

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Malaysian And Japanese Companies Want To Enter The Campos Basin And Supply FPSO

The Intent of Yinson Holdings Bhd and Sumitomo Corporation Is to Form a Joint Venture to Supply Floater for the Marlin Field and Act on Revitalization Projects

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Secret chamber sealed 4,500 years ago found in the Pyramid of Khufu, and Hawass announces its opening to the world in 2026

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

China has begun the second phase of energy assistance to Cuba with a 120 MW solar generation plan, and the first result is a photovoltaic park with batteries that regulates voltage, controls frequency, and provides local autonomy to an island suffocated by chronic blackouts.

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