Yinson Production’s Brazil-bound FPSO reaches its destination

A floating production, storage, and offloading (FPSO) vessel has come to Brazil, where anchoring operations are in progress to enable the unit to work at an oil field in the Santos Basin.

FPSO Atlanta; Source: Yinson Production

According to Brazil’s Enauta, the FPSO Atlanta arrived at the Atlanta field in the Santos Basin on May 11, 2024, as planned. Following inspection and clearance by authorities, the vessel started its anchoring operation, with activities progressing in line with the first oil target.

With the capacity to process 50,000 barrels of oil per day, and 140,000 barrels of water per day, the FPSO Atlanta can store 1.6 million barrels of oil and is chartered and operated by Malaysia’s Yinson Production.

Following the FPSO’s naming ceremony at the Dubai Drydocks World in December 2023, the vessel left the shipyard in March 2024, crossing oceans while making its way to Brazil. The first oil is slated for August 2024, with six wells online, reaching ten wells in 2029. 

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The FPSO was secured for Atlanta’s Full Development System (FDS) in 2022 and Yinson Production exercised its option to buy the FPSO Atlanta in July 2023. While the vessel’s assignment on the Brazilian field is for 15 years, it also entails a five-year optional period.

The activities undertaken at the Atlanta field are part of Enauta’s plans to replace the FPSO Petrojarl I, which is working on the field, with the FPSO Atlanta. This offshore field in block BS-4 in the Santos Basin is operated by Enauta Energia, a wholly-owned subsidiary of the company, which also has a 100% interest in this asset.