Posted by Icon8888 > 2 weeks ago | Report Abuse

FPSO Maria Quitéria begins operations in the pre-salt Campos Basin

evan1313 evan1313
2 hours ago

Petróleo Brasileiro S.A. – Petrobras communicates that FPSO Maria Quitéria initiated today production operations in the Jubarte field, located in the pre-salt Campos Basin in the area known as Parque das Baleias, in the State of Espírito Santo.

The unit has the capacity to produce up to 100 thousand barrels of oil per day and process up to 5 million cubic meters of gas daily. The project will have eight producing wells and eight injectors.

FPSO Maria Quitéria began operating before scheduled, given that the initial forecast was for 2025, according to the 2024-2028 Strategic Plan.

The platform is equipped with technologies to reduce emissions with greater operational efficiency combined with a reduction of around 24% in operational greenhouse gas emissions.

The FPSO, which measures 156 meters high and 333 meters long, is installed in a water depth of 1,385 meters, in the Jubarte field.

Parque das Baleias Integrated Project

The Parque das Baleias area is formed by the Jubarte, Baleia Anã, Cachalote, Caxaréu, Pirambú and Mangangá fields. Jubarte, the first filed, was discovered in 2001. In 2019, Petrobras and the National Agency of Petroleum, Natural Gas and Biofuels (ANP) signed an extension agreement for the concession term of the new unified Jubarte field until 2056, which allowed the FPSO Maria Quitéria to be implemented, a new production system for the Parque das Baleias Integrated Project, in addition to other complementary projects in the area.

Three other platforms are currently in operation at Parque das Baleias: P-57, P-58 and FPSO Cidade de Anchieta. With the operational startup of Maria Quitéria, this unit will account for approximately 40% of the field’s production when it is completed.

Petrobras is the sole holder of production rights for the Jubarte field.

Posted by dollardollarbill > 2 weeks ago | Report Abuse

Icon8888 is back!

Posted by mf > 2 weeks ago | Report Abuse

U.S. crude prices fall more than 4% as Israel is not expected to strike Iran’s oil industry

Posted by Philip ( buy what you understand) > 2 weeks ago | Report Abuse

https://www.upstreamonline.com/rigs-and-vessels/petrobras-starts-pre-salt-production-from-maria-quiteria-fpso/2-1-1724665

Posted by Philip ( buy what you understand) > 2 weeks ago | Report Abuse

https://brazilenergyinsight.com/2024/10/15/fpso-maria-quiteria-begins-operations-in-the-pre-salt-campos-basin/#more-66360

Posted by Philip ( buy what you understand) > 2 weeks ago | Report Abuse

Almost 6 months earlier than expected

Posted by Philip ( buy what you understand) > 2 weeks ago | Report Abuse

OldWiseMan100

wait until hair already white....

>>>>>>

That is because you expect power plants and fpso to go into production easily like magic when the fact is... This is a difficult endeavor

Posted by OldWiseMan100 > 2 weeks ago | Report Abuse

now wait until white hair all drop... me botak liao...

Posted by MiaoMiao7 > 2 weeks ago | Report Abuse

5 years liao... price never move, only debt go up and up.... management should starts reducing their debt.

Posted by Sslee > 2 weeks ago | Report Abuse

You need money/borrowing to build FPSO and solar power plant.
I do not have complain on borrowing but why Company do SBB to support price?

Company should not do SBB to support price, let Mr.Market determine the price as I am still waiting to collect more Yinson below Philip price.

Posted by MiaoMiao7 > 2 weeks ago | Report Abuse

I dont like SBB too. I think the market has spoken, the only way for the share price to go up is to reduce the debt. winning projects, completing them or having higher earnings does not move the stock price. Take care of the FCF.

Posted by Vdhawan > 2 weeks ago | Report Abuse

The company do share buy back to improve its ROE and EPS, making it appear more efficient and potentially more attractive to investors 😁

Posted by Philip ( buy what you understand) > 2 weeks ago | Report Abuse

SBB for undervalued company not only support price, but actually increase earnings per share and revenue per share, making my shares that much more valuable.

first they complain debt too high, then they complain low dividend, then they complain share buy back. what else will people complain about? one thing for sure this is not like jaks where rights issue until no amount of earnings become worth it.

>>>>
Sslee

You need money/borrowing to build FPSO and solar power plant.
I do not have complain on borrowing but why Company do SBB to support price?

Company should not do SBB to support price, let Mr.Market determine the price as I am still waiting to collect more Yinson below Philip price

Posted by Philip ( buy what you understand) > 2 weeks ago | Report Abuse

Im not sure what you mean, I bought yinson when it was a 1 billion dollar company, now grow to 8 billion dollar company, which is worth around 2 bil usd market cap, with order book of 22 billion usd in incoming revenues that will be secure once we have completed first oil. Expect to have increase in earnings revenue and debt pare down by january next year onwards, as we are also expecting another earlier than expected delivery for their FPSO... how many power plants do you know are delivered and start generating power earlier than expected?

>>>>

MiaoMiao7

I dont like SBB too. I think the market has spoken, the only way for the share price to go up is to reduce the debt. winning projects, completing them or having higher earnings does not move the stock price. Take care of the FCF.

Posted by Bullrun18 > 2 weeks ago | Report Abuse

Those stock that giant cap in us market also using sbb to push the share price to sky high '' Apple" is very good example ...

Posted by Sslee > 2 weeks ago | Report Abuse

If SBB push share price to sky high how am I going to collect at low price and sell high?

Posted by Bullrun18 > 2 weeks ago | Report Abuse

You should accumulate earlier abit .. the price now still under value is still cheap now ….

Posted by BursaVulture > 2 weeks ago | Report Abuse

next month (dec) FPSO Atlanta first oil... can fly or not?

Posted by Philip ( buy what you understand) > 1 week ago | Report Abuse

those who have it early wont complain, those without foresight sure complain. like those who complain QL price too high for last 4 years, but those who bought 4 years ago still enjoying increasing revenue and earnings and growing NTA...
>>>>>>
Sslee

If SBB push share price to sky high how am I going to collect at low price and sell high?

Posted by vinc3362 > 1 week ago | Report Abuse

Congragulations !!!!!!

https://www.thestar.com.my/business/business-news/2024/10/21/yinson-production039s-fpso-maria-quiteria-achieves-first-oil

Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho window dressing on QR ended April 2024 n July 2024 :

>QR ended April 2024 , Net Profit RM 203 million- RM 236 million ( increased of Loans n Borrowings) = - RM 33 million.

>> QR ended July 2024 , Net Profit RM 203 million- RM 3,025 million ( increased of Loans n borrowings) = - RM 2,822 million.😱



-

Yinson Loans n Borrowings:


3.) QR ended July 2024

RM 19,580 million


👉Compared Q to Q : is increased by RM 3,025 million.



2.) QR ended April 2024

RM 16,555 million.


👉Compared Q to Q : is increased by RM 236 million.


1.) QR ended January 2024

RM 16,319 million.

Posted by Johnchew5 > 1 week ago | Report Abuse

>Referred to FY2024 Annual Report >

Treasury shares ( SBB ) : 157,333,000 unit ( 4.94 % , RM 369 million)


> QR ended July 2024 :

Treasury shares ( SBB ) : ? Unit ( ? % , RM 470 million )

Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho how is FPSO Atlanta 1st oil by August 2024 progress , any progress update ?

Let’s do an illustration if Delayed A Day :

"In July 2023, Yinson Production exercised its option to purchase FPSO Atlanta, which includes a 15-year firm plus a five-year option contract for the supply, operations and maintenance with a total contract value of up to US$1.981 billion (US$1=RM4. 71),” it said in a joint statement.


USD 1.981 billion x 4.30 = RM 8.52 billion/ 15 years x 365 days

1st oil if delayed of 1 Day Shl incurred Revenue Loss = RM 1.56 million/ day

Another risk : Currency exchange rate USD to RM is dropped to 4.30 from 4.71 .

Posted by Johnchew5 > 1 week ago | Report Abuse

1.1) Atlanta : by August 2024 ( in Brazil ) , delayed to when ??

1.2.) Maria Quiteria : by December 2024 ( in Brazil ) : Update : 1st oil done on October 2024 . Congratulations!

1.3.) Agogo : by 1Q 2026 ( in Angola )

Posted by BursaVulture > 1 week ago | Report Abuse

Is it Yinson's fault if the strike is by Brazil public officials?

Posted by Sslee > 1 week ago | Report Abuse

Aiyoyo Mike-tikus Yinson second wave coming!

Posted by Sslee > 1 week ago | Report Abuse

By the way SCIENTEX Vs QL 5 years bet who will come out as winner?

Posted by Philip ( buy what you understand) > Oct 21, 2024 12:43 PM | Report Abuse

those who have it early wont complain, those without foresight sure complain. like those who complain QL price too high for last 4 years, but those who bought 4 years ago still enjoying increasing revenue and earnings and growing NTA...
>>>>>>

Posted by Johnchew5 > 1 week ago | Report Abuse

Current Ratio 0.64
Debt-Equity (DE) Ratio 2.27
FCF Yield -9.98 %
Revenue QoQ -3.25 %
Revenue YoY -29.03%
Profit QoQ 0.0 %
Profit YoY -2.4 %
Profit Margin (Sector Median: 6.5) 8.99 %
ROE (ROIC: 4.16) 10.24 %
Dividend Per Share (DPS) 5.0 sen
Dividend Yield (DY) 1.81 %

Posted by Sslee > 1 week ago | Report Abuse

Aiyoyo Mike-tikus jaks JHDP contruction period jaks how much contruction revenue and profit?
After JHDP COD jaks contruction revenue fall by how much?
Share of profit from JHDP after COD how much?

Know FSPO Atlanta, Maria Quiteria and Agogo how much is the capital cost and how Yinson raise this capital?
Know how much revenue and earning FSPO Atlanta, Maria Quiteria and Agogo will be after COD?

Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho Congratulations .. wave 2 is downtrend !


—

Posted by Sslee > 14 minutes ago | Report Abuse

Aiyoyo Mike-tikus Yinson second wave coming!

Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho see in Insas le !

Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho mind to do an illustration as my post above on Atlanta :

USD 1.981 billion x 4.30 = RM 8.52 billion/ 15 years x 365 days

1st oil if delayed of 1 Day Shl incurred Revenue Loss = RM 1.56 million/ day



—/

Know FSPO Atlanta, Maria Quiteria and Agogo how much is the capital cost and how Yinson raise this capital?
Know how much revenue and earning FSPO Atlanta, Maria Quiteria and Agogo will be after COD?

Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho or what is the IRR for each FPSO ..can share with forumers ? Tq .

Posted by Sslee > 1 week ago | Report Abuse

Aiyoyo jaks only owned 30% JHDP. Jaks can only see the paper profit but cash flow dividend only so little

Know Yinson owned how many % of FPSO Atlanta, Maria Quiteria and Agogo?

Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho indicate Shl be sustainable how many months … more loans n borrowings???

Posted by Johnchew5 > 41 minutes ago | Report Abuse

Current Ratio 0.64

Posted by Sslee > 1 week ago | Report Abuse

Aiyoyo Mike-tikus Maria Quiteria early by how many months, what will be the addition revenue and earning?

Maria Quiteria : by December 2024 ( in Brazil ) : Update : 1st oil done on October 2024 .

Posted by Johnchew5 > 1 week ago | Report Abuse

FPSO Atlanta is delayed how many months ??? (That 50,000-bpd vessel arrived in the Atlanta field offshore Brazil in May, and was initially expected to be commissioned in February this year.)


Of the two vessels, FPSO Atlanta, which is serving client Enauta, is still awaiting go-ahead for first oil, according to news reports in September. That 50,000-bpd vessel arrived in the Atlanta field offshore Brazil in May, and was initially expected to be commissioned in February this year.

Another FPSO, the 120,000-bpd Agogo for client Azule Energy is expected to be completed by 2025 for commissioning by 2026, according to Yinson's investor presentation. 

Posted by Sslee > 1 week ago | Report Abuse

Maria Quiteria USD 5.3 billion 22.5 years.

Posted by Johnchew5 > 1 week ago | Report Abuse

Can share with forumers as per yr post below :


Know FSPO Atlanta, Maria Quiteria and Agogo how much is the capital cost and how Yinson raise this capital?
Know how much revenue and earning FSPO Atlanta, Maria Quiteria and Agogo will be after COD?

Posted by Johnchew5 > 1 week ago | Report Abuse

Currency exchange, any impact ???

USD to MYR Chart
-9.73%
(1Y)

USD to MYR Chart
-9.18%
(2Y)

USD to MYR Chart
+2.79%
(5Y)

USD to MYR Chart
+31.33%
(10Y)

Posted by Sslee > 1 week ago | Report Abuse

Why should I share?
Go and find out yourself.

Posted by Sslee > 1 week ago | Report Abuse

https://www.yinson.com/corporate-presentation/

Posted by Johnchew5 > 1 week ago | Report Abuse

1.) FPSO Atlanta : 50,000 bpd :

USD 1.981 billion for 15 years

>> USD 0.132 billion per year


Note : 1st oil is delayed from February 2024 to August 2024 to ?? )


2.) FPSO Maria Quiteria : 100,000 bpd

USD 5.3 billion for 22.5 years ( 1st oil : October 2024 )

>> USD 0.236 billion per year


3.) FPSO Agogo : 120,000 bpd

???

Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho as usual no facts n figures!🤣

Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho until 2048 … let’s see the Loans n Borrowings can be reduced by end 2025 ???


—

The delivery strengthens Yinson's long-term partnership with Petrobras, Yinson Production chief executive officer Flemming Grønnegaard said.

“We have been steadily growing our operations in Brazil over the past few years, and with FPSO Maria Quitéria joining our fleet, we look forward to further contributing to the country’s energy needs and help drive Brazil’s economic and communities’ growth,” he added.  

The group, via Yinson Production, has nine floating assets including two en-route for delivery, with a total order book of over US$22 billion (RM94.69 billion) lasting until 2048.

Posted by Sslee > 1 week ago | Report Abuse

Agogo Firm backlog (15 years) : USD 4.6bn | Option backlog (5 years): USD 0.7bn

Atlanta Firm backlog (15 years): USD 1.7bn | Option backlog (5 years): USD 0.4bn

Maria Quiteria Firm backlog (22.5 years): USD 5.3bn | Option backlog: -

Posted by Sslee > 1 week ago | Report Abuse

Anna Nery Firm backlog (22.5 years): USD 5.7bn | Option backlog: -

Posted by Johnchew5 > 1 week ago | Report Abuse

Ok the difference on Atlanta:


Atlanta Firm backlog (15 years): USD 1.7bn | Option backlog (5 years): USD 0.4bn

—/

In July 2023, Yinson Production exercised its option to purchase FPSO Atlanta, which includes a 15-year firm plus a five-year option contract for the supply, operations and maintenance with a total contract value of up to US$1.981 billion (US$1=RM4. 71),” it said in a joint statement.

Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho this one is oredi 1st oil .

Posted by Sslee > 1 minute ago | Report Abuse

Anna Nery Firm backlog (22.5 years): USD 5.7bn | Option backlog: -

Posted by Sslee > 1 week ago | Report Abuse

USD Billion
FPSO Anna Nery HY (SOV) Brazil 5.7
FPSO JAK IG Ghana 1.8
FPSO Helang IG Malaysia 1.1
FPSO AJ - Nigeria 0.8
FSO PTSC Bien2 Sov Vietnam 0.1
FPSO PTSC Lam3 Sov Vietnam 0.006
FPSO Agogo IG Angola 5.4
FPSO Maria Quitéria HY (SOV) Brazil 5.3
FPSO Atlanta - Brazil 2.2
Total 22.2