Wednesday, 29 October 2014

ADDAX EXTENDS CHARTER OF FPSO VESSEL IN NIGERIA FOR $39 MILLION

Malaysia’s Yinson Holdings Berhad (Yinson, the Group) reported that its FPSO (floating production, storage and offloading) vessel, Knock Adoon has secured a contract extension with Addax Petroleum Development (Nigeria) Limited (ADDAX) with a total contract value of approximately $39million. Knock Adoon original contract awarded October 17, 2006 was for a firm eight year period with an extension option of up to eight years.

Read more @ Businessday

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