[%MYid%] 's 49% JV secures a new win for FSO from Murphy Oil at Lac Da Vang. 
This JV had previously done FPSO Bien Dong and FPSO Lam Son. 

The FSO contract's total value is USD 416mil, smaller than their other FPSOs, over 10 years with option to extend an additional 5 years. According to RHB, the estimated capex for this FSO is around USD 200-250mil, so with 49% stake Yinson should be expected to incur capex of roughly USD 100-125mil over the ~2 years of construction. This isn't particularly big considering everything else Yinson has done, but it's a good sign nonetheless. 

It's also worth noting that Murphy Oil is a new client to Yinson, so it's good to have more options in their clientele.

Since FPSO AN, MQ, Atlanta are pretty much completed, and only Agogo is left outstanding, it's about time for Yinson to replenish some orderbook.

From my perspective, I would like it if Yinson starts to deleverage and be extremely picky about new investments once cash flow from their FPSOs start coming in in earnest. 

[%FgDw%]

$KLSE-YINSON 's 49% JV secures a new win for FSO from Murphy Oil at Lac Da Vang. 
This JV had previously done FPSO Bien Dong and FPSO Lam Son. 

The FSO contract's total value is USD 416mil, smaller than their other FPSOs, over 10 years with option to extend an additional 5 years. According to RHB, the estimated capex for this FSO is around USD 200-250mil, so with 49% stake Yinson should be expected to incur capex of roughly USD 100-125mil over the ~2 years of construction. This isn't particularly big considering everything else Yinson has done, but it's a good sign nonetheless. 

It's also worth noting that Murphy Oil is a new client to Yinson, so it's good to have more options in their clientele.

Since FPSO AN, MQ, Atlanta are pretty much completed, and only Agogo is left outstanding, it's about time for Yinson to replenish some orderbook.

From my perspective, I would like it if Yinson starts to deleverage and be extremely picky about new investments once cash flow from their FPSOs start coming in in earnest. 

https://www.yinson.com/highlights/YP-PTSC-JV-FSO-LDV-Vietnam/