Yinson, Sumitomo eyeing Marlim FPSO JV

Malaysia’s Yinson and Japan’s Sumitomo are planning to establish a joint venture firm for a supply of an FPSO for an offshore field in Brazil.

The two companies, which in April 2018 entered into a memorandum of understanding to jointly pursue and collaborate in the leasing and operation of FPSOs, have now entered into a letter of agreement.

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