November 12, 2014

Petronas Awards 3 Licences to Yinson Energy


KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has awarded three licences to Yinson Holdings Bhd’s associate Yinson Energy Sdn Bhd which will enable it to tender in future projects offered by other oil companies.

It said on Thursday the first licence was for the floating offshore facilities and the second was for the mobile offshore facilities.

The third was for the engineering, design, architecture and draughting services – naval architecture and marine engineering.

“The award of these licences qualify Yinson Energy to tender and participate in upcoming works relating to the categories of the listed licenses for Petronas and other oil companies and/or operators in Malaysia,” it said. 

Yinson expected the licences to contribute positively to the group’s earnings and net assets for the future financial years.
Source : The Star