ASKER, Norway -- KANFA, a subsidiary of Sevan Marine, has been awarded a LOA for the EPC contract for four process modules for the FPSO Yinson Production.
The contract is expected to have a duration of 15 months with a contract value of approximately $50 million.
The FPSO Yinson Production will be deployed at the recently sanctioned Offshore Cape Three Points Block (OCTP), located in the Tano basin, around 60 km off the cost of Ghana.
The OCTP Block is operated by Eni’s subsidiary Eni Ghana and the joint venture partners; Vitol Upstream Ghana and Ghanaian state-owned Ghana National Petroleum Company.
This contract award marks the continued recognition of the KANFA Group as a leading independent process, design and engineering group for the offshore oil and gas industry.