The Agogo FPSO has been officially christened in a ceremony held at the Cosco Shipping Heavy Industry shipyard in Shanghai, China. The floating production, storage and offloading ( FPSO ) platform is now preparing to depart for Angola, where it will operate in Block 15/06 under a 15-year contract with Azule Energy , with an option to extend for an additional five years. This agreement has an estimated value of US$5.3 billion.
A special ceremony for the FPSO Agogo
The event was attended by figures from the energy sector, including Evelise Neto Azevedo, the ship’s godmother, José Alexandre Barroso, Angola’s Secretary of State for Oil and Gas , and Paulino Fernando Jeronimo, Director General of Angola’s National Agency for Oil, Gas and Biofuels . Also present were Adriano Mongini, CEO of Azule Energy , and Flemming Grønnegaard, CEO of Yinson Production , among other industry representatives.
We are delighted to celebrate this milestone with our client and all partners involved in this project. Incorporating a full suite of carbon-reducing technologies, including carbon capture technology, the Agogo FPSO is a true game-changer for the industry and underlines our commitment to reducing the environmental footprint of our operations.
With extensive experience in operating offshore assets to the highest standards in Africa since 1995, Angola is a new addition to our operations, and we look forward to contributing to Angola’s energy security. I extend my thanks to Azule Energy and all stakeholders for their trust and support, as we remain committed to achieving first oil on schedule.
Flemming Grønnegaard, director of YP.
The Agogo FPSO is on a mission to incorporate advanced carbon reduction technologies, aligned with Yinson Production ’s goal of achieving carbon neutrality by 2030. These innovations include a closed flare system , hydrocarbon blanketing and a post-combustion carbon capture system – the first of its kind on an FPSO.
The completion of the Agogo FPSO several months ahead of schedule underlines Azule Energy’s project execution capabilities and the perfect synergy between all stakeholders. This milestone maximizes the reserves of Block 15/06, including the tails of the mature fields in the area.
Adriano Mongini, CEO of Azule Energy.
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Source and photos: Yinson Production / PDF
