Sevan Marine Unit Signs LoA for OCTP EPC

Thursday, February 19, 2015

Sevan Marine’s subsidiary, KANFA, was awarded a LoA for the EPC contract for four process modules for the FPSO Yinson Production. The contract is expected to have a duration of 15 months with a contract value of approximately $50 million.

The FPSO Yinson Production will be deployed at the recently sanctioned Offshore Cape Three Points Block (OCTP), offshore Ghana. The block is operated by ENI, who is partnered with Vitol, and Ghanaian state-run oil firm GNPC.

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