Offshore Cape-Three Points FPSO Project

28/1/2015

Project finance

Value:

$ 750 million

Status:

Completed

Date:

28/1/2015

Overview:

The Offshore Cape-Three Points FPSO has obtained a $750 million facility for development.
Yinson Holdings Berhad has been given the contract for chartering and maintaining the vessel by Eni Ghana Exploration & Production.
The FPSO will be converted from the VLCC tanker the Yinson Genesis.
The lender was United Overseas Bank.
This was Ghana's second FPSO financing.

Kurt Stumpo - Journalist

Jurisdictions:

Singapore
Ghana

Deal type:

Project finance

Practice area:

Project finance

Industry sector:

Oil and gas

Firms:

JLD & MB Legal Consultancy

Party: Yinson Holdings Berhad (Project developer)

Party: United Overseas Bank (Lender)

Lawyer: Zoe Phillips Takyi-Appiah

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