Yinson Wins $2.5 bln Ghana Oil & Gas Contract

Yinson Holdings Bhd , Malaysia's oil and gas services firm, said on Wednesday it secured a $2.54 billion floating production, storage and offloading (FPSO) vessel charter contract for oil and gas support operations in Ghana.

Yinson said it won the contract, for a firm charter period of 15 years with 5-yearly extension options exercisable by the clients, from Italy-based oil and gas group Eni SpA (E)'s unit in Ghana, according to a local stock exchange filing.

The contract would contribute to its revenue and earnings beginning financial year ending Jan. 31, 2018, it added.

Reporting By Yantoultra Ngui