PETALING JAYA: Yinson Holdings Bhd
is expected to win at least one floating production storage and offloading (FPSO) contract and may look at fundraising to fund any new projects.
According to Kenanga Research, Yinson is currently re-tendering three FPSO projects worth billions of ringgit, namely Limbayong FPSO in offshore Sabah, Pecan FPSO in offshore Ghana and Parque das Baleias off Brazil.
“These three projects were initially planned to be awarded last year but given the circumstances such as Covid-19 pandemic and plunge in oil prices, the timelines were deferred.
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