Global energy infrastructure and technology company Yinson Production has entered into an agreement with Azule Energy for the provision of a Floating Production Storage and Offloading (FPSO) unit and to start preliminary activities for the Agogo Integrated West Hub Development Project in Angola’s offshore Block 15/06.
The deal, which is worth $218 million, will cover the provision, operations, and maintenance of the FPSO asset, with the Agreement for Preliminary Activities (APA) set to last 60 days, offering the companies the opportunity to meet the project schedule while developing a firm contract.
