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Yinson gets additional Petronas licences

Yinson gets additional Petronas licences
Budding Malaysian offshore player Yinson Holdings has been awarded three Petronas licences through its Yinson Energy unit, which will enable it to tender in  a wider range of future projects offered by other oil companies, local reports said.

The first licence was for floating offshore facilities, the second for mobile offshore facilities, and the third was for naval architecture and marine engineering services.

“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,” the company said. Yinson expected the licences to contribute positively to the group’s earnings and net assets for the future financial years.