KUALA LUMPUR: Yinson
Production said its Atlanta floating production storage and offloading (FPSO) vessel achieved first oil on Dec 31, 2024, marking the commencement of its firm charter.
In a statement, Yinson said the 72-hour test was successfully completed and final acceptance obtained from Brava Energia SA.
The contract day rates will be paid to Yinson for 15 years until 2039.
"This accomplishment showcases our commitment to delivering exceptional operational performance while prioritising sustainability and safety.
"Our team's dedication and expertise have been instrumental in bringing this project to fruition, and we look forward to a successful 15-year charter," said Yinson Production CEO Flemming Gronnegaard.
FPSO Atlanta, which will operate in the Atlanta field in the Santos Basin offshore Brazil, has a production capacity of 50,000 barrels of oils per day and a maximum storage capacity of 1,200,000 barrels.
According to Yinson, the vessel will feature an efficient carbon management process plant, which utilises fuel gas for cargo tank inertisation that will significantly reduce flare gas emissions through a closed flare system.
The plant introduced is a part of Yinson Production’s continuous sustainability efforts in reducing carbon emissions and makes Yinson Production the frontrunner in decarbonising the FPSO industry towards the goal of net zero.
Yinson said the project has achieved an impressive safety milestone of 9.8 million man-hours without lost time incident.
