Yinson bags US$5.4b contracts from Brazil's Petrobras

Yinson Holdings Bhd has received two letters of intent (LOI) from Petróleo Brasileiro S.A. (Petrobras) with a value of US$5.4bil to provide a vessel and also operations and maintenance over 25 years.

KUALA LUMPUR: Yinson Holdings Bhd has received two letters of intent (LOI) from Petróleo Brasileiro S.A. (Petrobras) with a value of US$5.4bil to provide a vessel and also operations and maintenance over 25 years.

Yinson said on Wednesday the first LOI was for a floating production storage and floating facility (Marlim 2 FPSO) to the Marlim field offshore Brazil in the north-eastern part of the Campos basin.