KUALA LUMPUR: Yinson Holdings Bhd's (YHB) subsidiary Yinson Acacia Ltd has entered into a memorandum of understanding (MoU) with Enauta Energia S.A. (Enauta) for floating production storage and offloading (FPSO) projects in Brazil.
Enauta is one of the leading independent companies in the exploration and production sector in Brazil and has two producing offshore assets, Atlanta and Manati field, and 19 exploration blocks.
Yinson Acacia will engage in exclusive negotiations for the potential supply and charter of an FPSO unit for the Atlanta field in the Santos Basin, Brazil.
The MoU is in line with YHB's ambitions to strengthen its presence in Brazil, where it currently has an operations office.
YHB group chief executive officer Lim Chern Yuan said the signing of this MoU is an important milestone for both YHB and Enauta, signifying both parties' commitment to progress towards a contract award.
"We share a common goal with Enauta to contribute towards the advancement of Brazil's energy industry through solutions that are as sustainable as possible," said Lim.
Meanwhile, YHB offshore production chief executive officer Flemming Gronnegaard said the company is looking forward to working with Enauta to develop a solution that leverages the potential synergies between its Brazil-based projects to achieve greater efficiencies.
"In Enauta, we find a like-minded partner who is committed to mitigating climate change issues.
"As such, minimising the FPSO's environmental impact will be a key design consideration," said Gronnegaard.