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Home›Business & Finance›With wind in its sails, Yinson Production’s FPSO crossing oceans during voyage to Brazil (Gallery)
Business & Finance

April 18, 2024 · about 2 years ago

With wind in its sails, Yinson Production’s FPSO crossing oceans during voyage to Brazil (Gallery)

An FPSO is approaching the Cape of Good Hope while making its way to Brazilian waters, where it will deployed at an oil field in the Santos Basin.

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FPSO Atlanta; Source: Yinson Production

A floating production, storage, and offloading (FPSO) vessel is approaching the Cape of Good Hope while making its way to Brazilian waters, where it will deployed at an oil field in the Santos Basin.

Enauta is putting the finishing touches in place to replace the FPSO Petrojarl I , which is working on its Atlanta field , with the FPSO Atlanta . This vessel was secured for Atlanta’s Full Development System (FDS) in 2022 and Yinson exercised its option to buy the FPSO Atlanta in July 2023. The vessel’s assignment on the Brazilian field is for 15 years but it also entails a five-year optional period.

The naming ceremony for the FPSO Atlanta was held at the Dubai Drydocks World shipyard on December 13, 2023. The vessel left the shipyard in Dubai last month and set sail to Brazil. The estimated time of arrival (ETA) for the FPSO is 45 days, depending on sea conditions.

According to Enauta, the FPSO Atlanta is sailing near southeastern Madagascar and is expected to pass the Cape of Good Hope around April 20. During this journey, the vessel will cross the border of the Indian Ocean, starting its journey through the Atlantic Ocean.

Once the FPSO arrives in Brazil, anchoring and submarine systems connection works are expected to begin while the first oil is slated for August 2024, initially with six wells online, reaching ten wells in 2029.

With a production capacity of 50,000 bopd, the vessel will be located in block BS-4 in the Santos Basin. The Atlanta field is operated by Enauta Energia, a wholly-owned subsidiary of the company, which also has a 100% interest in this asset.

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