General – Acquisition
Singapore-headquartered FPSO specialist Yinson Production has completed the acquisition of 100% shares in Norway-based Stella Maris CCS AS from Altera Infrastructure.
In a statement on Wednesday, Yinson Production said Stella Maris is a carbon capture and storage (CCS) company developing a full CCS value chain, including carbon capture, intermediate storage, offshore transportation, and permanent carbon dioxide sequestration from industrial sources.
Stella Maris holds a 40% stake in the Havstjerne Reservoir on the Norwegian Continental Shelf.
Yinson Production said the acquisition of Stella Maris expands its presence in the emerging low carbon market and marks a significant milestone in decarbonisation strategy and commitment to supporting the global energy transition.
