Malaysian ship operator Yinson Production has partnered with Azule Energy in Angola to implement a pilot offshore carbon capture and storage (CCS) initiative on the floating production storage and offloading (FPSO) unit Agogo.
According to Yinson Production, this is the world’s first post-combustion carbon capture unit installed onboard an FPSO.
YP is the offshore production business unit of Malaysian energy infrastructure and technology company Yinson (KLSE: YINSON), and Azule Energy is a joint venture of British oil and gas giant BP (LON: BP) and Eni (BIT: ENI).
The pilot-scale plant serves as a demonstration unit in a floating offshore environment, aimed at evaluating technical feasibility and acquiring operational expertise.
Yinson Production sees this as a pivotal step in scaling up CCS technology for their zero-emissions FPSO projects.
The FPSO Agogo is set to incorporate multiple emissions reduction technologies, including electrification, advanced automation, digitalization, a combined-cycle power system, seawater turbine generator, hydrocarbon cargo tank blanketing, and an integrated closed flare system.
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These innovations are expected to significantly curtail carbon emissions and enhance operational efficiency, positioning the FPSO Agogo as an industry-leading endeavor.
Carbon Circle Holding AS, a carbon removal and energy engineering, procurement, and construction (EPC) firm, has been chosen to design and construct the CCS plant.
Construction is progressing well, with the initial steel cutting taking place in September 2023, and all other milestones proceeding according to plan, as stated by Yinson Productions.
The partnership between YP and Azule Energy was cemented with a firm contract in late February 2023 for the provision, operation, and maintenance of the FPSO vessel for the Agogo Integrated West Hub Development Project in Angola.
Valued at approximately $5.3 billion and with a firm period of 15 years, this contract offers Azule Energy the option to extend for an additional five years.
The FPSO Agogo is scheduled to commence operations in the fourth quarter of 2025.
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