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Overview

Yinson Production specialises in the provision of integrated services for Floating, Production, Storage, Offloading, (FPSO) and Floating, Storage, and Offloading, (FSO) units.

We design, construct, and operate industry-leading production assets for the offshore oil and gas industry towards improving global access to stable and affordable energy.

We are also leading the way towards Net Zero, Yinson's Climate Goal for 2050, with responsible solutions, working closely with likeminded partners in realising our Zero Emissions FPSO concept.

Oil and gas lifecycle

Yinson's services contribute to the 'development' and 'production' phases of the offshore oil and gas field lifecycle.
  • Seismic Survey

    Geological and geophysical mapping via seismic survey

  • Exploration and Appraisal

    Wildcat wells drilled to assess the potential discovery of oil and gas

  • Development

    Pre-FEED and FEED studies
    Fabrication and procurement

  • Production

    Extraction, processing and export of hydrocarbons

  • Decommissioning

    Decommissioning of end-of-field infrastructure

In the ‘development’ phase, a series of plans are developed to outline how the field can be optimised, while in the ‘production’ phase, hydrocarbons are produced and processed. An FPSO vessel is designed to receive and process hydrocarbons, then store it until it can be offloaded. Essentially, Yinson provides working capital to oil producers and field operators – we are the de facto production arm of these companies.

What is an FPSO?

  • Used for the processing, storage and offloading of hydrocarbons.
  • Purpose-built to suit designated oil field requirements.
  • Can either be converted from an existing oil tanker or newly-built.
  • Popular for its mobility. An FPSO can be refurbished, relocated and reused for production in another field.

How does an FPSO work?

4 Boxes Content

  • Hydrocarbon Blanketing and Closed Flaring

    Deploying these emissions-lowering technologies to eliminate routine flaring and venting

    Up to 10% GHG reduction

  • Combined Cycle Technology

    Efficiently capture heat generated in the production process to be used to produce electricity for FPSO operations

    Up 25% GHG reduction

  • Renewable Energy

    Partial / full electrification of FPSO operations by importing renewable energy sourced from onshore and / or nearby offshore infrastructure

    Up to 100% GHG reduction of power production

  • Carbon Removal Process

    Remove carbon via DAC and CCUS technologies

    Up to 90% GHG reductions of power production

Fleet list

Orderbook

Strategy

  • Short to medium term (1 to 5 years)
    • Continue to build a sustainable pipeline of conversion and redeployment projects, including through mergers and acquisitions
    • Proactively drive ESG initiatives to fulfil Group goal of reducing carbon intensity by 30% by 2030
    • Invest in asset lifecycle management via proactive digitalisation strategy
    • Enhance learning, leadership, safety and corporate culture
  • Long term (6 to 10 years)
    • Continuous development of our asset portfolio, creating a strong order book with stable cash flows
    • Optimise capital structure and expand liquidity pool to capture market opportunities
    • Continuously evaluate effectiveness of supply chain and project execution philosophy

Operational performance

The industry that never sleeps

FPSO units operate 24 hours a day, 365 days a year, withstanding harsh weather conditions and the ravages of the open sea. At Yinson, we are proud to have maintained a fleet uptime of above 99% since 2014.

Yinson holds certifications in ISO 9001, ISO 14001, ISO 45001, ISM and ISPS.

>99% Fleet uptime

Track record

 
  • © 2022 Yinson Holdings Berhad 199301004410 (259147-A).
    All rights reserved.
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