Yinson’s associated unit, Yinson Energy, gets licenses from Petronas

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KUALA LUMPUR (Nov 12): Yinson Holdings Bhd announced that its associated company, Yinson Energy Sdn Bhd (YESB), has been awarded three licenses by Petroliam Nasional Bhd (Petronas).

In a filing with Bursa Malaysia this evening, Yinson said the licenses are: a floating offshore facilities (SWEC SF2010000) license, a mobile offshore facilities (SWEC SF2020000) license and a naval architecture and marine engineering (SWEC SE2010500) license.

“The award of these licenses qualify YESB to tender and participate in upcoming works relating to the categories of the listed licenses for Petronas and other oil companies and/or operators in Malaysia,” said Yinson.

The group expects the new opportunities that come with the licenses to contribute positively to its future earnings and net assets.

Yinson closed 1 sen higher at RM2.64, bringing its market capitalisation to RM2.73 billion.