Yinson gets FPSO contract termination notice

Malaysia’s Yinson has received the termination of an FPSO contract for its Knock Allan FPSO located on the Olowi field offshore Gabon.

Knock Allan; Image by: Albert Bridge and licensed for reuse under the CC BY-SA 2.0 license.

Yinson said on Tuesday that the oil company Canadian Natural Resources has decided to terminate the contract for the Knock Allan FPSO, operated by Yinson’s subsidiary Knock Allan Pte Ltd.

According to Yinson, the contract was terminated “on the ground of convenience.” CNR will pay an early termination fee to the Yinson subsidiary on January 31, 2019.

The initial contract between the companies for the provision and operation of the FPSO converted Suezmax tanker Knock Allan was signed on November 30, 2006. The contract was signed for a fixed primary term of ten years, beginning from May 1, 2009, and expiring on April 30, 2019.

The Knock Allan, converted into an FPSO by Drydocks World in Dubai, started production from the Olowi field in 2009.

The Olowi block covers an area of 1,271 square kilometers and extends from the shoreline to a maximum water depth of approximately 50 meters.

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2018 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

Fuel Cell Expo 2019

FC EXPO is world’s largest show for hydrogen & fuel cell…

read more >

LNG Bunkering Summit 2019

LNG Bunkering Summit will cover the obstacles facing both the shipping and port communities…

read more >

Egypt Petroleum Show

This event will feature 500+ regional & international exhibiting companies from over 35 countries…

read more >

IoT in Oil & Gas 2019

The IoT in Oil & Gas 2019 Conference will continue to focus on helping operators…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply