The FPSO can produce 50,000 barrels of oil per day and store up to 1.2 million barrels. Credit: Yinson.

Yinson Production has confirmed that the floating production storage and offloading (FPSO) project Atlanta reached its first oil milestone on 31 December 2024, following a successful 72-hour test.

This signifies the start of the project’s 15-year charter, with Yinson Production receiving contracted day rates until 2039.

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The FPSO Atlanta project holds an impressive safety record of 9.8 million man-hours without a lost time incident.

Yinson Production chief executive officer Flemming Grønnegaard stated: “We are proud to achieve first oil with FPSO Atlanta, marking another significant milestone in our partnership with Brava Energia.”

“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.”

FPSO Atlanta is Yinson Production’s third asset to operate in Brazil, following the successful deliveries of FPSO Maria Quitéria in October 2024 and FPSO Anna Nery in May 2023.

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Brava Energia chief executive officer Décio Oddone stated: “The first oil from FPSO Atlanta is a notable milestone for BRAVA. We have worked hard to reach this moment. BRAVA is the first and only independent company in the country to develop a greenfield deepwater production system.

“This achievement is the result of the effort and dedication of our team over the years. We celebrate today and continue working to make BRAVA an even stronger company.”

The FPSO Atlanta redevelopment project, awarded to Yinson Production on 21 February 2022, was contracted by Brava Energia, formerly known as Enauta Energia, a leading Latin American independent oil and gas producer.

In July 2023, Yinson Production exercised its option to purchase the vessel, securing a contract worth up to $1.981bn for the supply, operations and maintenance over a potential 20-year period.

The FPSO has a production capacity of 50,000 barrels of oil per day and a storage capacity of up to 1.2 million barrels.

It includes an advanced carbon management process plant that uses fuel gas for cargo tank inerting, significantly reducing flare gas emissions through a closed flare system.

Yinson Production project manager Scott Bendiksen commented: “The successful delivery of FPSO Atlanta is a testament to the collaborative spirit and resilience of our team and our contractors. We have achieved an impressive safety record and implemented innovative carbon-reducing solutions, demonstrating our focus on responsible operations.”