Malaysian floater specialist Yinson Holdings has selected a Chinese yard to deliver a floating production, storage and offloading vessel for deployment at the Parque das Baleias (PDB) oil project offshore Brazil.

Multiple industry sources told Upstream that Cosco Shipping Heavy Industry was chosen for the FPSO conversion job, ending a month-long battle between Cosco, its compatriot rival CIMC Raffles and Dubai-based yard Drydocks World.

They added Yinson has signed a letter of intent with Cosco, but not yet a final commercial contract.