Yinson Production
Yinson Production is a Singapore-headquartered independent owner and operator of FPSO and FSO vessels, providing long-term lease and operate services to NOCs, IOCs and independent E&P operators across 10+ countries, with a US$19.3 billion backlog through 2050 and a first-mover offshore decarbonization platform.
- Company typePrivate
- Founded1995
- HeadquartersSingapore, Singapore
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Yinson Production does
Yinson Production is a leading independent owner and operator of Floating Production, Storage and Offloading (FPSO) and Floating Storage and Offloading (FSO) vessels, headquartered in Singapore with operations across 10+ countries including Brazil, West Africa and Southeast Asia. The company serves national oil companies, international oil companies and independent E&P operators through long-term lease and operate contracts (typically 10-25 years) covering engineering, procurement, construction, operations, maintenance and asset lifecycle management, supported by a contract backlog of approximately US$19.3 billion extending through 2050. Its asset base comprises 11 high-quality floating units (9 in operation, 2 under construction), including flagship FPSO Agogo, FPSO Anna Nery, FPSO Maria Quiteria and FPSO John Agyekum Kufuor, deployed in jurisdictions including Brazil, Angola, Ghana, Nigeria, Malaysia and Vietnam. FY2025 enterprise revenue was US$608 million with adjusted EBITDA of US$402 million.
The company's technology platform integrates EPC delivery, in-house operations and maintenance, and asset lifecycle management with Digital Twin-enabled real-time monitoring across the fleet, and is positioning itself as a first-mover in offshore decarbonisation through its Zero Emissions FPSO Concept. This includes the world's first post-combustion CO2 capture unit operating on an FPSO (FPSO Agogo offshore Angola, activated March 2026 using the CESAR1 solvent), as well as direct air capture, green and blue ammonia floating production units, and a liquid CO2 floating storage and injection concept. Yinson is extending into Floating LNG (FLNG) development via two dedicated SVP hires in 2026 (ex-Golar LNG and BW Offshore/NOV) and is building a carbon storage footprint through the acquisition of Norwegian CCS developer Stella Maris (Havstjerne project exposure targeting approximately 10 million tonnes per annum of CO2 storage by 2030) and a FEED-stage partnership with Provaris Energy on a 25,000 m3 liquid CO2 storage and transport unit.
The business is funded through a combination of project-level bond vehicles on the London Stock Exchange (FPSO Anna Nery USD 1,035m in June 2024, FPSO Maria Quiteria USD 1,168m in July 2025), a USD 600m corporate bond on Euronext Oslo (May 2024), senior secured bank financings (e.g. USD 131.5m Mizuho/UOB for FSO Block B in 2026), and a USD 1 billion equity round in January 2025 from the Abu Dhabi Investment Authority, RRJ Capital and BCI. Yinson Production is a wholly-owned subsidiary of Malaysian-listed Yinson Holdings Berhad and is preparing for an IPO or other investor exit within three to five years.
Yinson Production firmographics
Firmographics- Name
- Yinson Production
- Legal name
- Yinson Production Offshore Pte Ltd
- Website
- https://yinson-production.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Yinson Production is a Singapore-headquartered independent owner and operator of FPSO and FSO vessels, providing long-term lease and operate services to NOCs, IOCs and independent E&P operators across 10+ countries, with a US$19.3 billion backlog through 2050 and a first-mover offshore decarbonization platform.
- Ownership category
- akta.pro rank
Yinson Production industry classification
Industry- Product category
- Offshore Floating Production and Storage Services (FPSO/FSO)
- SIC
- Oil & Gas Field Services, Nec (1389), Engines & Turbines (3510)
- akta.pro primary industry
- FPSO/FSO Hull Construction & Conversion (IMAJACAC)
- akta.pro secondary industries
- Offshore Wind & Renewable Support Vessel Construction (SOV, CTV, WTIV) (IMAJACAG), Marine & Offshore Energy O&M (Offshore Wind, Platforms, Subsea Assets) (EUAEAGAO)
Keywords
Where Yinson Production is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices14 records
Markets served
Yinson Production business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- FPSO/FSO Lease and Operate (Charter): Long-term, fixed-period lease and operate contracts (typically 10-25 years) under which Yinson Production provides the FPSO/FSO vessel, operations and maintenance in exchange for recurring charter fees. Backlog of approximately USD 19.3 billion extends through 2050. FY2025 enterprise revenue of US$608 million and adjusted EBITDA of US$402 million.
- Engineering, Procurement and Construction (EPC) and asset lifecycle services: Integrated EPC delivery for newbuild FPSO/FSO units, conversions and redeployments, plus continuous lifecycle services (engineering, modifications, upgrades) bundled with or preceding lease & operate engagements.
- Project and corporate bond financing (capital markets issuance): Funding raised via dedicated project bond vehicles (e.g. Yinson Bergenia Production B.V. for FPSO Maria Quitéria, Yinson Boronia Production B.V. for FPSO Anna Nery) and a corporate bond (Yinson Production Finance B.V., USD 600m, 9.625% p.a., Euronext Oslo), enabling non-recourse or limited-recourse financing of vessels.
- Carbon capture and storage (emerging): Emerging revenue line under development via the Zero Emissions FPSO Concept, offshore post-combustion CCS on FPSO Agogo, the FEED-stage partnership with Provaris Energy on a 25,000 m3 liquid CO2 storage unit, and the acquisition of Norwegian CCS developer Stella Maris (exposure to the Havstjerne project targeting ~10 million tonnes per annum of CO2 storage by 2030).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | FPSO Maria Quitéria Project Bond |
| Other | Multi-year contract | FPSO Anna Nery Project Bond |
| Other | Multi-year contract | Yinson Production Corporate Bond |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
Yinson Production product offering
Product offeringCore offering
Yinson Production provides integrated Floating Production, Storage and Offloading (FPSO) and Floating Storage and Offloading (FSO) solutions delivered through a single platform that spans engineering, procurement and construction (EPC), operations and maintenance, asset lifecycle management with Digital Twin, and long-term lease and operate contracts. The company owns, operates and deploys 11 floating assets under 10-25 year charter agreements with oil and gas operators across Brazil, West Africa and Southeast Asia, and increasingly layers on decarbonisation technologies such as offshore post-combustion carbon capture, direct air capture and liquid CO2 storage.
Product overview
Yinson Production is an integrated provider of comprehensive FPSO (Floating Production, Storage and Offloading) and FSO (Floating Storage and Offloading) solutions, delivered as a single unified platform spanning the full asset lifecycle — Engineering, Procurement and Construction (EPC), Operations and Maintenance, Asset Lifecycle Management with Digital Twin, and Lease and Operate services. The portfolio is anchored by 11 high-quality floating assets across Brazil, West Africa, Southeast Asia and Malaysia, including flagship FPSO Agogo, FPSO Anna Nery, FPSO Maria Quitéria, FPSO John Agyekum Kufuor, FPSO Atlanta, FPSO Helang, FPSO Abigail-Joseph, FPSO PTSC Lam Son, FSO PTSC Bien Dong 01, with FSO Lac Da Vang and FSO for Block B under construction. Beyond core lease and operate, Yinson Production layers on a series of decarbonisation and low-carbon technology modules, headlined by the Zero Emissions FPSO Concept (2022) and its constituent technologies: Offshore Post-Combustion Carbon Capture (operational on FPSO Agogo), Direct Air Capture, Green and Blue Ammonia Floating Production Units, Liquid CO2 Floating Storage Injection, and Energy from Waste / Biomass. The offering also extends into adjacent offshore energy infrastructure such as Floating LNG (FLNG) Development and a FEED-stage Liquid CO2 Storage and Transport solution with Provaris Energy, connecting directly to the Havstjerne CO2 sequestration project on the Norwegian Continental Shelf through the acquired Stella Maris CCS developer.
Differentiator
Problem solved
Functional benefit
Products and services
- FPSO Lease & Operate
- FSO Lease & Operate
- Engineering, Procurement and Construction (EPC)
- Operations and Maintenance
- Zero Emissions FPSO Concept
- Offshore Post-Combustion Carbon Capture
- Liquid CO2 Storage and Transport (FEED with Provaris)
- Floating LNG (FLNG) Development
Quantifiable outcome
- USD 19.3 billion contract backlog extending through 2050
- +5 more outcomes
Companies that use Yinson Production
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles4 records
Yinson Production technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Yinson Production partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered flagship, core and minor.
- PetroVietnam Technical Services Corporation (PTSC)flagshipLong-standing JV partner in Vietnam operating FSO PTSC Bien Dong 01 (since 2013) and FPSO PTSC Lam Son (since 2014). Co-developed FSO Lac Da Vang (Block 15-1/05, 10-year firm + 5-year option) and joint venture partner for the FSO for Block B (14-year firm + up to 9-year options, $131.5m senior secured bank financing from Mizuho and UOB).
- Azule Energy (BP / Eni 50/50 JV), Eni and BPflagshipCollaboration behind the world's first offshore post-combustion CO2 capture installation on FPSO Agogo offshore Angola, using the CESAR1 solvent under a $5.7 billion contract. Positions Yinson Production as the operator and decarbonisation partner of choice for the Agogo field.
- Provaris Energy LtdcorePartnership advanced into the front-end engineering and design (FEED) stage focused on developing a 25,000-cubic-metre low-pressure tank for liquid CO2 storage and transport, with Yinson Production funding development costs through to commercialisation. Direct exposure to the Havstjerne CO2 sequestration project on the Norwegian Continental Shelf.
- Carbon CirclecorePartnership supporting Yinson Production's expansion into carbon capture and storage, contributing to the offshore CCS initiative and FPSO Agogo post-combustion capture work.
- Stella Maris (Norwegian CCS developer)coreAcquired by Yinson Production to deepen its position in the carbon capture value chain and provide direct exposure to the Havstjerne CO2 sequestration project on the Norwegian Continental Shelf (targeting ~10 million tonnes per annum of storage by 2030).
- London Marine Group Limitedcore100% acquisition by Yinson; London Marine specialises in the design of turret mooring systems, with a broad portfolio including FPSO platforms and emerging energy sectors like floating wind and tidal energy, strengthening Yinson's leadership in the FPSO industry.
- Sumitomo CorporationflagshipCo-sponsor (with Yinson Production Offshore Pte. Ltd.) of the Yinson Boronia Production B.V. vehicle that issued the USD 1,035m FPSO Anna Nery Project Bond (144A/Reg S, 18.2 years, 8.947% p.a., Ba1/BB+).
- Chinese shipyard network (COSCO Shipping Heavy Industry, Nantong Strongwind Shipyard, CIMC Raffles, Huarun Dadong Dockyard, Jiangsu Libert)coreLong-standing partner network for fabrication, integration, upgrades, construction and modification of Yinson Production's FPSO and FSO projects across Brazil, West Africa and Vietnam. The new Shanghai office (opened 2026) deepens this relationship.
- Kwame Nkrumah University of Science and Technology (KNUST) and Petroleum Commission of GhanaminorFive-year research and development partnership (signed 12 June 2025) for the Net-Zero Carbon Emissions Project (NCEP). Yinson Production Ghana funded the Net-Zero Carbon Emissions Lab (NCEL) at KNUST's College of Engineering with approximately US$350,000.
- Petroleum Training and Education Fund (Petrofund), NamibiaminorMemorandum of Understanding for local content initiatives in Namibia, including On-the-Job Training programme, internships, university support, local supply chain, maritime scholarship and technical capacity building for state agencies, aligned with Yinson Production's opening of its Windhoek office in January 2026.
- Elite Links SolutionsminorLocal Ghanaian partner that co-launched Yinson Production Ghana's Entrepreneurship Development Programme for 400 final-year Senior High School students in the Ahanta West Municipality, complementing academic learning with practical business skills.
- Stephenson Harwood LLPminorLaw firm that advised on seven award-winning transactions at the Marine Money Deal of the Year Awards 2024, including a $1.3 billion FPSO project finance structure for Yinson Production operating in Angola.
Scale indicators13 records
Recent moves9 records
Expansion highlights8 records
Yinson Production competitors and assessment
Company assessmentDirect peers
- MODEC: Japanese FPSO and FSO owner-operator with a global fleet of floating production units serving Petrobras and other Brazilian and West African operators. Directly competes with Yinson on Petrobras tenders and in West Africa, and represents the other major independent FPSO pure-play comparable to Yinson Production.
- SBM Offshore: World's largest FPSO contractor and the historical reference competitor for Yinson. Both companies own, lease and operate FPSOs for IOC/NOC clients under 10-25 year contracts and use similar project bond structures. Bruno Chabas, ex-CEO of SBM Offshore, now sits on Yinson's Board, underscoring the competitive overlap.
- BW Offshore (Altera Infrastructure): Norwegian FPSO owner-operator with a fleet of production units and a 30-year track record. Direct competitor in floating production services for IOC/NOC clients, including in Brazil and West Africa, and a key source of senior talent for Yinson (COO and several SVPs are ex-BW Offshore).
- Golar LNG: Floating LNG (FLNG) pure-play and operator of the Hilli Episeyo and Gimi FLNG units. Yinson has hired two SVPs directly from Golar LNG (Olve Skjeggedal, Erik Svendsen) to build its FLNG capability, making Golar the most direct reference point for Yinson's planned FLNG expansion.
Emerging players
- Delfin Midstream: Developer of FLNG projects (including the Delfin FLNG vessel) using converted LNG carriers. Represents an emerging competitor in the FLNG market that Yinson is now targeting as an adjacent growth axis beyond FPSOs.
- Excelerate Energy: US-listed provider of floating LNG regasification (FSRUs) and integrated LNG solutions. Comparable as a publicly-traded floating LNG/floating infrastructure operator with a project-development and long-term charter model similar in shape to Yinson's FPSO business.
- Stolt-Nielsen (Stolt-Nielsen Gas): Through Stolt-Nielsen Gas and related ventures, the company is developing small-scale FLNG and LNG shipping solutions. Adjacent to Yinson's emerging FLNG push and a potential partner or competitor in the mid-scale floating LNG segment.
Broad incumbents
- McDermott International: Global offshore EPC contractor with exposure to FPSO topsides, SURF and subsea construction. Competes with Yinson on the EPC portion of newbuild FPSO projects even though McDermott does not own and operate FPSOs as a long-term lessor.
- Petrofac: Integrated offshore services provider and FPSO operator with a smaller FPSO fleet plus broader EPC, operations and decommissioning capabilities. Overlaps with Yinson on EPC delivery and lifecycle services for offshore production assets.
Regional players
- Höegh LNG: Norwegian owner and operator of floating LNG regasification and storage units. Comparable as a Norway-based floating infrastructure operator in an adjacent offshore segment, and a source of experienced LNG/floating production talent for the broader industry.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Yinson Production social profiles
Digital presenceYinson Production compliance and trust
Trust signalCompliance6 records
Yinson Production financial estimates
Financial estimateRevenue estimate
Valuation estimate
Yinson Production leadership team
Management profileNumber of profiles
Profiles24 records
Yinson Production subsidiaries and ownership
Company hierarchySubsidiaries10 records
Yinson Production funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Yinson Production M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Yinson Production
What does Yinson Production do?
Yinson Production provides integrated Floating Production, Storage and Offloading (FPSO) and Floating Storage and Offloading (FSO) solutions delivered through a single platform that spans engineering, procurement and construction (EPC), operations and maintenance, asset lifecycle management with Digital Twin, and long-term lease and operate contracts. The company owns, operates and deploys 11 floating assets under 10-25 year charter agreements with oil and gas operators across Brazil, West Africa and Southeast Asia, and increasingly layers on decarbonisation technologies such as offshore post-combustion carbon capture, direct air capture and liquid CO2 storage.
Is Yinson Production a public or private company?
Yinson Production is a private company. It is classified as venture growth investor backed and is currently operating.
When was Yinson Production founded?
Yinson Production was founded in 1995. It employs 1,001 to 5,000 people.
Where is Yinson Production based?
Yinson Production is headquartered in Singapore, Singapore, in the Asia region.
How does Yinson Production make money?
Four revenue lines are on record. FPSO/FSO Lease and Operate (Charter) is the primary driver. The others are engineering, Procurement and Construction (EPC) and asset lifecycle services, project and corporate bond financing (capital markets issuance) and carbon capture and storage (emerging).
Who are Yinson Production's main competitors?
Direct peers on record are MODEC, SBM Offshore, BW Offshore (Altera Infrastructure) and Golar LNG. Emerging players are Delfin Midstream, Excelerate Energy and Stolt-Nielsen (Stolt-Nielsen Gas). Broad incumbents are McDermott International and Petrofac. Höegh LNG is listed as a regional player.
Does Yinson Production have an API?
No public API is recorded for Yinson Production.
What industry is Yinson Production in?
Yinson Production's product category is Offshore Floating Production and Storage Services (FPSO/FSO). Its primary akta.pro industry code is IMAJACAC, FPSO/FSO Hull Construction & Conversion, with a secondary code of IMAJACAG, Offshore Wind & Renewable Support Vessel Construction (SOV, CTV, WTIV). Its SIC code is 1389.