New addition to Yinson Production’s FPSO fleet named at Dubai Drydocks World – gallery
Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has held a naming ceremony at Dubai Drydocks World in Dubai, UAE, for a floating production, storage, and offloading (FPSO) vessel, destined to work at Enauta’s field off the coast of Brazil.
Yinson Production officially named the FPSO Atlanta during a naming ceremony held at Dubai Drydocks World in Dubai on December 13, 2023. This FPSO will operate on the Atlanta field in the Santos Basin offshore Brazil for Enauta under a 15-year, plus a five-year optional, lease and operate contract with a total value of up to $2 billion. This comes less than two weeks after the Malaysian FPSO player hosted dignitaries from Brazil, who came to visit the FPSO.
Commenting on the naming ceremony, Grønnegaard highlighted: “We have achieved steady progress on the FPSO Atlanta project driven by our strong adherence to our project execution philosophy, the dedicated and experienced team and the unwavering support from our client and stakeholders. We appreciate Enauta’s trust in us by having awarded the project to Yinson Production, and we remain committed to enhancing access to stable and affordable energy in the South American region.”
The naming ceremony was attended by the FPSO Atlanta Site Manager and Lady Sponsor, Maria Eduarda Pessoa, and witnessed by Yinson Production Chief Executive Officer, Flemming Grønnegaard; Enauta Energia Chief Executive Officer, Décio Oddone; Yinson Production Project Manager for FPSO Atlanta, Scott Bendiksen; and Drydocks World Chief Executive Officer, Capt. Rado Antolovic, along with members of the board of directors and senior management of Yinson Production and Enauta.
“We are proud of our ongoing RLEC work (repair, life extension and conversion) for the newly named FPSO Atlanta. On completion, we are confident of FPSO Atlanta’s longevity in offshore Brazil without drydocking. The naming ceremony is another milestone in this project which has an expansive scope for Drydocks World including the fabrication and installation of 3,000 tons of structure,” elaborated Antolovic.
With a production capacity of 50,000 bopd and a maximum storage capacity of 1,251,000 bbls, the FPSO Atlanta will feature an efficient carbon management process plant, which utilizes fuel gas for cargo tank inertization. This is expected to significantly curb flare gas emissions through a closed flare system and represents a part of Yinson Production’s continuous sustainability efforts in slashing carbon emissions while setting itself as a frontrunner in decarbonizing the FPSO industry towards the goal of net zero.
Bendiksen underlined: “We are proud to have maintained zero loss time incidents after nearly 7 million manhours for FPSO Atlanta. We remain committed to the highest HSE standards and will ensure the project’s progress is on track in anticipation of its sail away to Brazil. The collaboration with Enauta has been a fruitful venture, further solidifying Yinson Production’s strong presence in the region.”
Enauta inked a contract with Yinson for the conversion of the existing production unit – purchased in February 2022 – so that the FPSO could be used for the Atlanta field’s Full Development System (FDS) under the same terms as specified within the letter of intent (LoI) from December 2021. When July 2023 rolled in, Yinson exercised its option to buy the FPSO Atlanta through the purchase of all the shares of AFPS, which owns the vessel.
According to the FPSO owner, the engineering, procurement, construction, and installation of this FPSO are steadily progressing. Upon completion, the asset will be the second of three FPSO vessels that Yinson Production will deploy in Brazil.
Oddone outlined: “Phase 1 of Atlanta is moving quickly to reach first oil in 2024. The adaptation of the FPSO is an important milestone for Enauta. To achieve this goal, we have already carried out several activities. The Full Field Development System positions Enauta as a pioneer among independents in executing a deepwater project.
“FPSO Atlanta has many engineering solutions and innovations to reduce the emissions intensity. The project demonstrates how the oil and gas industry can act positively within its operational limits, with responsibility, safety and efficiency.”
The Atlanta field has been producing since 2018 through an Early Production System (EPS), encompassing three wells connected to the FPSO Petrojarl I. Following recent recertification, this FPSO is expected to continue operating on the field until the entry of the FDS in 2024 with six wells, reaching ten wells in 2029.
Located in block BS-4 in the Santos Basin, at a 1,500-metre water depth, the Atlanta field is operated by Enauta Energia, a wholly-owned subsidiary of the company, which also has a 100% interest in this asset.