Yinson Holdings Bhd has secured US$300 million (RM1.39 billion) in funding from private equity firm RRJ Capital.
The funding will be used to partly finance the construction of a floating production storage and offloading (FPSO) vessel for the Angola LNG project.
Yinson is a Malaysian oil and gas company that provides engineering, procurement, construction, and installation (EPCI) services to the oil and gas industry.
Image Credit: Yinson
The company has a strong track record in the FPSO market and has built and delivered several FPSOs over the years
The Angola LNG project is a joint venture between Sonangol, TotalEnergies, BP, and ENI.
The project is located offshore Angola and will produce liquefied natural gas (LNG).
The FPSO that Yinson will build will be used to produce, store, and offload the LNG.
The funding from RRJ Capital is a significant vote of confidence in Yinson and its ability to deliver the Angola LNG project.
The funding will also help Yinson to expand its business and pursue new opportunities in the oil and gas industry.
RRJ Capital is a private equity firm that invests in the energy sector.
The firm has a strong track record of investing in successful energy companies and has a deep understanding of the industry.
The investment by RRJ Capital is a significant endorsement of Yinson and its business model.The funding from RRJ Capital will help Yinson to deliver the Angola LNG project and expand its business.
The project is a major milestone for Yinson and will help the company to establish itself as a leading player in the FPSO market.
