Yinson’s FPSO Abigail-Joseph, has set sail from Singapore to the Anyala & Madu fields in Block OML 83 & 85, offshore Nigeria, marking the successful completion of its conversion and life extension phase.
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 of May 2020.
The vessel is chartered by First Exploration and Petroleum Development Company Limited for a seven-year contract, at a value of $617 million 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.
Keppel also said that its scope on this project included refurbishment and life extension work, engineering and procurement, fabrication and installation of new structures including the helideck and riser balcony, as well as the installation, integration, and completion of topside modules.
Commenting on the success of the fast-track conversion, Yinson’s Group Chief Executive Officer, Mr Lim Chern Yuan said that the redeployment startegy was proving to be a string startegic 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 startegy has indeed allowed us to bring forward the projects schedule, plus result in a more cost-effective solution for our client,” he said.
Yinson’s Chief Executive Officer for Production, Erik 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 Ngeria’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 barrels and is designed to produce 50,000 barrels of oil per day with gas lift and gas injection capacities at 15 MMSCFD and 39 MMSCFD respectively. It is designed for 15 years of operations without dry docking.