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Yinson Establishes Long Term Office In Brazil

Business Today ·  Nov 18 18:40
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Yinson Holdings Berhad hosted Prime Minister Datuk Seri Anwar Ibrahim in Brazil who joined the group in celebrating the three floating production, storage and offloading units that it had developed for the South American client, namely the Anna Nery, Maria Quitéria and Atlanta.

FPSO Anna Nery commenced operations in May 2023, while FPSO Maria Quitéria achieved first oil last month in October 2024. FPSO Atlanta is expected to achieve first oil soon, joining Yinson Production's fleet in bolstering the nation's energy capacity, contributing to Brazil's economic development.

Prime Minister Anwar Ibrahim said "These successful FPSO projects exemplify the mutual respect and trust that Malaysia and Brazil have built over the decades. Yinson's remarkable work in developing FPSOs for Brazil underscores Malaysia's capacity for excellence and our commitment to supporting global energy needs with innovation and responsibility."

During his speech, Yinson Group Chief Executive Officer, Mr Lim Chern Yuan, reminisced the company's first foray into Brazil in 2018. He said, "Brazil was, back then, and still is now, the biggest FPSO market in the world. We dreamed of expanding our business to this country and started building our knowledge and understanding of Brazil long before we even bid for our first FPSO project here. We found, in Brazil, a thriving and progressive business and regulatory environment as well as stakeholders that shared our similar concern for facilitating an inclusive energy transition and looking at energy affordability."

The event also set the stage for the official opening of Yinson Production's new office in Rio de Janeiro, a move that Yinson Production said was a dedication to a long-term presence in Brazil.

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