Yinson FPSO sets sail for Nigeria

The vessel is expected to reach Nigeria by early May after which she will undergo final commissioning works. Start-up of production is scheduled for end May 2020. The vessel is chartered by client First Exploration and Petroleum Development Company Ltd for a firm seven-year contract with options to extend.

The conversion of the vessel, which was carried out in Keppel Benoi Shipyard Singapore, was completed safely and on time within 7-months. This is believed to be the world’s fastest delivery of a brownfield FPSO modification and upgrading project.

Commenting on the success of the fast-track conversion, Yinson’s Group CEO, Lim Chern Yuan, said that the redeployment strategy was proving to be a strong strategic decision. FPSO Abigail-Joseph is a redeployment of one of Yinson’s existing vessels, FPSO Allan, which had previously operated for nearly 10 years in the Olowi field in Gabon.

“We are pleased to report that this strategy has indeed allowed us to bring forward the project schedule, plus result in a more cost-effective solution for our client,” he said.

Yinson’s CEO for Production, Eirik Barclay added that he was confident that the Yinson team, with the support of their client and subcontractors, would be able to execute the final commissioning phase smoothly, progressing thereafter to production.

“We are indeed proud that Yinson has been entrusted to execute a project that will contribute so significantly to Nigeria’s energy infrastructure and economy,” he added.

FPSO Abigail-Joseph is Yinson’s second vessel to operate in Nigerian waters, with the first being FPSO Adoon which is currently operating in Block OML 123.

FPSO Abigail-Joseph has a storage capacity of not less than 550 000 bbl and is designed to produce 50 000 bpd with gas lift and gas injection capacities at 15 million ft³/d and 39 million ft³/d respectively.

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