Yinson Holdings (KLSE:YINSON) unit Yinson Production's floating production storage and offloading (FPSO) Maria Quitéria achieved its first oil on Oct. 15, 2024, after a successful 72-hour test.
This marks the start of the project's firm charter, with Yinson Production receiving contracted day rates for 22.5 years, until 2047, according to a Monday Malaysian bourse filing.
The project also reached a safety milestone of 21.6 million man-hours worked without a lost-time incident by the end of August 2024, the energy infrastructure and technology company said.
Shares of Yinsond slid about 3% recently.
Price (MYR): $2.70, Change: $-0.070, Percent Change: -2.53%
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