Yinson Manufacturing formally named its newest addition to the fleet, FPSO Atlanta, throughout a naming ceremony held at Dubai Drydocks World on December 13, 2023.
FPSO Atlanta has a manufacturing capability of fifty,000 BOPD and a most storage capability of 1,251,000 bbls. It would function a carbon administration course of plant, which makes use of gasoline gasoline for cargo tank inertization that can considerably cut back flare gasoline emissions via a closed flare system.
Yinson Manufacturing and Enauta entered right into a letter of intent with regard to FPSO Atlanta in December 2021 and subsequently signed agency contracts for the engineering, procurement, building, and set up, operation and upkeep for an preliminary interval of two years, and a purchase order possibility for Yinson Manufacturing in February 2022. In July 2023, Yinson Manufacturing exercised its choice to buy FPSO Atlanta with a 15-year agency (plus a 5-year extension possibility) contract for the supply, operation and upkeep with a complete contract worth of as much as $1.981B in addition to venture financing within the quantity of $400 million.
The engineering, procurement, building, and set up of the FPSO Atlanta is steadily progressing and upon completion, the asset will probably be deployed on the Atlanta Subject positioned within the Santos Basin, offshore Brazil, with the primary oil anticipated to be achieved later in 2024. FPSO Atlanta would be the second of three FPSO vessel property that Yinson Manufacturing will deploy in Brazil.
