Yinson extends FPSO deadline for First E&P fields

Negotiations over a potential contract ongoing as deadline is pushed back to October.

Malaysian company Yinson and Lagos-based independent First E&P have extended the deadline of an agreement which could see the former provide a floating production, storage and offloading vessel off Nigeria.

It would be recalled that both companies had engaged in exclusive negotiations for the potential supply and charter of a floating production storage and offloading unit to process hydrocarbons from the Anyala & Madu fields under Oil Mining Leases 83 & 85, offshore Nigeria.

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