KUALA LUMPUR, Yinson Production has finalised the full settlement of a major project loan related to its FPSO Atlanta from Brazil’s Brava Energia SA.
The company disbursed approximately US$255.5 million in cash to repay the loan, which had an outstanding principal of around US$408.8 million, along with US$1.9 million in accrued interest. The buyout was funded entirely through Yinson Production’s internal cash reserves.
“This move enhances our financial strength and offers greater flexibility in securing future debt financing for the FPSO Atlanta,” the company said in a statement.
Yinson Production acquired the FPSO Atlanta in 2023 by exercising a purchase option from Brava. The vessel, which began oil production on Dec 31, 2024, is currently operating under a 15-year contract, with a potential five-year extension. The remaining contract value is estimated at about US$2 billion.
FPSO Atlanta is one of 11 vessels in Yinson Production’s global fleet. The company operates across 11 countries, with a total order book exceeding US$19 billion.
Yinson Production is a subsidiary of Yinson Holdings Bhd, a diversified group with interests in offshore energy, renewable energy, and green technology.
