HUAT AHHHHH!!!! CALVIN HOW????

YINSON AWARDED PRE-FEED CONTRACTS BY TOTAL FOR FPSO PROJECTS IN ANGOLA AND SURINAME

KUALA LUMPUR – 9 JUNE 2021

Yinson has been selected by Total to perform preliminary Front-End Engineering Design (“pre-FEED”) for two FPSO projects to be installed in the Block 20/21 in Angola and Block 58 in Suriname. The Angola project will be installed at around 1400m, located 160km from Luanda, while the Suriname project will be installed at around 2000m, located 150km from Paramaribo.

The topside design will be performed by Technip Energies, a key partner with Yinson for the pre-FEED.

The pre-FEED will provide Total with technical and commercial lease and operate proposals, including solutions to reduce emissions, within 32 weeks from the agreement date. Yinson’s Oslo office will be executing the pre-FEED for a fee agreed by both parties.

Yinson’s CEO of Offshore Production, Flemming Grønnegaard, said that the pre-FEED awards were Yinson’s first projects with Total, and believed they marked the start of a fruitful, long-term working relationship between the two parties.

“The pre-FEED is expected to create greater value for the projects by concentrating on the optimising of the design and execution strategy,” said Flemming.

“We are indeed thrilled with this opportunity to demonstrate our strong technical and operational capabilities to Total, one of the world’s leading energy players. We are currently building an FPSO for the Campos Basin in South America and have been operating in the African region since 1995. We hope that we will be able to further contribute to production of energy in these regions through these projects, and many more to come.”

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