Yinson’s Adoon FPSO in another 3-month contract extension

llustration only An FPSO offshore Nigeria. Source Wikimedia under Public Domain license

Nigerian oil company Addax Petroleum has extended the contract for Yinson’s Adoon FPSO for another three months, pending discussion for a potential longer-term deal.

Malaysia’s Yinson on Friday said:” In view that negotiations are still ongoing as to a substantive extension of the tenure of the contract, Addax has via a letter dated 21 November 2018 further extended the Contract on an interim basis from 16 January 2019 to 16 April 2019 upon the existing terms and conditions.”

As Offshore Energy Today previously reported, Addax, a subsidiary of China’s Sinopec, in October extended the FPSO contract keeping it employed until January 16, 2019.

The 1985-built vessel, moored at the Antan field offshore Nigeria, won its first contract with Addax in October 2006. After the original contract expired on October 16, 2014, it was extended for another year.

After that, the contract was extended for another three years to October 16, 2018.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 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

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

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