Malaysia's Yinson Holdings and Sumitomo Corporation have concluded an agreement for their participation into the charter, operations, and maintenance of Anna Nery, a floating production storage and offloading (FPSO) vessel slated for the Marlim revitalisation project in Brazil.
Under the agreement, Sumitomo will have a 25 per cent stake in the project, which was awarded to Yinson by Petrobras in October 2019.
Sumitomo's participation follows on from the signing of a long term and binding memorandum of understanding (MOU) between the two parties in April 2018 to jointly pursue and collaborate in the leasing and operation of FPSO and FSO projects worldwide.
Anna Nery, formerly the very large crude carrier Falcon, is currently undergoing conversion works in Qidong, China.
