Yinson Production has closed a USD 1-billion investment from an international consortium to support its future growth in offshore energy, the company said on Tuesday.
The consortium includes a wholly owned subsidiary of the Abu Dhabi Investment Authority, British Columbia Investment Management Corporation and RRJ Group.
The investment was made through redeemable convertible preferred shares and warrants issued by Yinson Production Offshore Holdings Limited, a UK-based entity.
The first USD 300 million tranche has been funded, with USD 200 million distributed to parent company Yinson. The remaining USD 700 million will be disbursed in up to three instalments by December 2026. The agreement includes an option to raise an additional USD 500 million within 24 months.
“We are delighted to have successfully closed this significant investment from leading global investors. This investment not only reflects the quality of our business with highly visible cash flows and significant revenue backlog, but underscores the confidence in Yinson Production’s long-term growth potential,” Yinson Production chief financial officer Markus Wenker said.
“By further strengthening our financial foundation, this transaction positions us well to pursue new opportunities in a rapidly evolving offshore energy landscape.”
Yinson Production is a top-tier FPSO contractor with a fleet of 10 vessels and operations across 11 countries.
The company has an order book of more than USD 19 billion through to 2048 and is known for its strong safety record, project execution and sustainable FPSO designs, including its Zero Emissions FPSO Concept. It is part of Malaysian group Yinson Holdings Berhad, active in offshore energy, renewables and green technologies.
Global demand for FPSOs has been rising as offshore oil and gas producers seek cost-efficient and flexible solutions to develop deepwater and marginal fields. The FPSO market is expected to remain robust, driven by strong project pipelines in Latin America, West Africa and Southeast Asia, where operators are investing in new floating production systems to meet growing energy needs.
Source: theenergyyear.com