Yinson Production confirms first oil from its third FPSO in Brazil

(offshore-energy.biz) Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has highlighted that its third floating production, storage, and offloading (FPSO) unit in Brazilian waters, which recently achieved first oil, will feature a carbon management process plant to decarbonize the FPSO operations in line with the firm’s sustainability goals.

The Malaysian player explains that this carbon management process plant, which is a part of the firm’s continuous sustainability efforts in curbing carbon emissions and becoming the front-runner in decarbonizing the FPSO industry towards net zero aspirations, utilizes fuel gas for cargo tank inertisation to significantly cut flare gas emissions through a closed flare system.

Yinson Production, which Brava Energia, former 3R Petroleum before the merger with Enauta, put in charge of the FPSO Atlanta for the Atlanta field’s Full Development System (FDS) redevelopment project in February 2022 as an engineering, procurement, construction, installation (EPCI) contractor, exercised its option to purchase the unit in July 2023.

The deal with a total contract value of up to $1.98 billion enables the FPSO to remain in operation at the Brazilian field for 15 years, but Brava Energia can also extend the unit’s stay further thanks to a five-year optional period for the supply and operations and maintenance.

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