Malaysian company Yinson Holdings has sold 26% of its West Africa production subsidiary to a consortium of Japanese companies.
The four companies – Kawasaki Kisen Kaisha, Sumitomo Corporation, JGC Corporation, and Development Bank of Japan – will work together on chartering, operating
and maintaining the John Agyekum Kufuor FPSO.
This FPSO is operated by Yinson and recently started producting from Eni’s Sankofa offshore oil and gas field, where it will stay for 15 years.
Yinson chairman Lim Han Weng said: “The Group believes that the entry of these strategic shareholders into Yinson Production will enable the parties to form a long-term relationship which then allows each member to tap into the rests’ expertise and background.
“In addition, such collaboration will help to fortify the Group’s footprint in the FPSO industry.”