Yinson Holdings in FPSO Vietnam deal
Malaysia Yinson Malaysia
The deal with Respol subsidiary Talisman Vietnam provides Yinson with exclusive negotiations for deployment of the vessel to block 07/03 on the Eastern Sea in Vietnam. The FPSO will be connected to a tension-leg wellhead platform by a subsea flowline. Gas from the project will be exported via a subsea pipeline.
The development is run by PetroVietnam Gas with a 55% share. Estimates by partner Pan Pacific Petroleum, which holds a 5% share, see a potential of 45.4 million barrels of oil, 4.87 bcm (172 bcf) gas and 2.3 million barrels of condensate at the site. Other partners include Pearl Energy and PetreoVietnam E&P with a 25% and 15% stake, respectively.
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