Yinson Holdings Bhd has sealed a US$737.30mil (RM2.35bil) agreement with Petrovietnam Technical Services Corporation to provide a floating production, storage and off-loading (FPSO) unit.
Yinson said on Monday the agreement involved the engineering, procurement, construction and installation (EPCI) and also a bareboat charter contract.
The indicative value of the bareboat charter contract was for seven years with an option to extend on an annual basis for another three years.
"The total contract value is US$737.30mil (RM2.35bil) for 10 years (US$516.11mil or RM1.65bil) for the firm period and US$221.19mil (RM705.49mil) for the extension period)," it said.
Source: www.thestar.com.my
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