Malaysia’s Yinson Holdings has seen the charter contract on one of its FPSO units extended until late 2018.
Addax Petroleum Development (Nigeria) has exercised a three-year option on the Knock Adoon FPSO in a deal worth $129m.
Kuala Lumpur-listed Yinson Holdings said the charter extension takes effect immediately and will run until late October 2018.
The contract with Sinopec Group subsidiary Addax was awarded in 2006 for an initial eight years, with options to extend the contract by a further eight years.
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