Sevan Marine bags Yinson USD 50m FPSO module EPC contract

Submitted by Paddy Harris on Mon, 2015-02-16 10:14

16th February 2015

Kanfa AS, a subsidiary of Sevan Marine ASA, has been awarded a letter of award for the engineering, procurement and construction (EPC) of four process modules for the FPSO Yinson Production

The FPSO is expected to commence operations in the OCTP block in 2017

The contract is expected to have a duration of 15 months with a contract value of approximately USD 50m.

The FPSO Yinson Production will be deployed at the recently sanctioned Eni-operated Offshore Cape Three Points Block (OCTP), located in the Tano Basin, around 60 kilometres off the cost of Ghana.

The OCTP Block is operated by Eni’s subsidiary Eni Ghana and the joint venture partners Vitol Upstream Ghana Limited and Ghanaian state-owned Ghana National Petroleum Company.