First FPSO with Carbon Capture System Ready for Service off Angola

Yinson Production and officials from China’s COSCO Heavy Industries joined with industry leaders to celebrate the completion and naming of the first FPSO in the world that incorporates carbon capture and other carbon-reducing technologies. The Agogo FPSO will be handed over by the end of the month, more than a month ahead of schedule setting a record for conversion speed, and will depart for Angola where it will operate for at least the next 15 years.

The Malaysian company was awarded the contract for the FPSO by Azule Energy a joint venture between BP and Eni in February 2023. Azule Energy has a 15-year charter with an option for five additional years in a deal valued at app…