Yinson Production is pleased to announce that FPSO Atlanta achieved
first oil on 31 December 2024. A 72-hour test has been successfully completed and Final Acceptance
has been obtained from Brava Energia. This marks the commencement of the project’s firm charter,
with contracted day rates being paid to Yinson Production for a period of 15 years, until 2039.
The project has also achieved an impressive safety milestone of 9.8 million man-hours without lost
time incident.
FPSO Atlanta is the third asset in Yinson Production's fleet to operate in Brazil after the successful
delivery of FPSO Maria Quitéria in October 2024 and FPSO Anna Nery in May 2023.
The asset has been delivered to Brava Energia, formerly known as Enauta Energia S.A., one of the
largest independent oil and gas producers in Latin America.
Yinson Production Chief Executive Officer Flemming Grønnegaard said, "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."
Brava Energia Chief Executive Officer Décio Oddone said, “The first oil from FPSO Atlanta is a notable
milestone for BRAVA. We have worked hard to reach this moment. Brava Energia 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 Energia an even stronger company.”
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. We are excited to continue supporting Brava
Energia's growth in the Brazilian market."
FPSO Atlanta is a redevelopment project awarded to Yinson Production by Brava Energia on 21
February 2022 as an EPCI (“Engineering, Procurement, Construction, Installation”) Project. In July
2023, Yinson Production exercised its option to purchase FPSO Atlanta, which includes a 15-year firm
plus a 5-year option contract for the supply and operations & maintenance with a total contract value
of up to USD 1,981 million.
FPSO Atlanta will operate in the Atlanta field in the Santos Basin offshore Brazil. The FPSO has a
production capacity of 50,000 barrels of oils per day and a maximum storage capacity of 1,200,000
barrels.
The vessel will feature an efficient carbon management process plant, which utilises fuel gas for cargo
tank inertisation that will significantly reduce flare gas emissions through a closed flare system. The
plant introduced is a part of Yinson Production’s continuous sustainability efforts in reducing carbon
emissions and makes Yinson Production the frontrunner in decarbonising the FPSO industry towards
the goal of net zero.