Yinson Production Names FPSO Atlanta with Process Plant and Closed Flare System, at Ceremony in Dubai Drydocks World on December 13.
Yinson Production announced the official naming of its newest floating production unit, FPSO Atlanta, during a ceremony held at Dubai Drydocks World on December 13, 2023.
The FPSO Atlanta has a production capacity of 50,000 BOPD and a maximum storage capacity of 1,251,000 barrels. In addition, FPSO Atlanta features a process plant for carbon management, which uses fuel gas for tank inerting, significantly reducing flare gas emissions through a closed flare system.
FPSO Atlanta: Letter of Intent and Firm Contracts
Yinson Production and Enauta signed a letter of intent regarding FPSO Atlanta in December 2021 and later signed firm contracts for engineering, procurement, construction and installation, operation, and maintenance for an initial period of 2 years, along with a purchase option for Yinson Production in February 2022. In July 2023, Yinson Production exercised its purchase option for FPSO Atlanta with a firm 15-year contract (plus a 5-year extension option) for supply, operation, and maintenance with a total contract value of up to US$ 1.981 billion, along with project financing of US$ 400 million.
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The engineering, procurement, construction, and installation of FPSO Atlanta are progressing steadily, and upon completion, the asset will be deployed in the Atlanta Field, located in the Santos Basin, offshore Brazil, with first oil expected to be achieved in 2024. FPSO Atlanta will be the second of three FPSO ship assets that Yinson Production will deploy in Brazil.
Process Plant and Fuel Gas in FPSO Atlanta
Following the signing of the contracts, the process plant and fuel gas in FPSO Atlanta are being carefully implemented to ensure operational efficiency and safety of operations. Tank inerting and the closed flare system are part of the fundamental components of the floating production unit.
Engineering and Naval Design: Development of FPSO Atlanta
The engineering and naval design process for FPSO Atlanta is underway, with Yinson Production ensuring excellence in the design and construction of the floating production unit. The signed firm contracts are an important milestone for the development project of FPSO Atlanta.
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Source: AtCoMedia, Inc
