The Agogo FPSO forms a key part of the Agogo Integrated West Hub Project, which aims to develop Agogo and Ndungu fields, increasing production in Block 15/06.
Phoenix confirmed it will independently finance its multi-year investment program, which includes $2 billion in planned capital expenditures over the next 5 years.
Field redevelopment will be through a new-build central processing platform replacing the MOPU with 24 production well-slots. First oil is expected in second-quarter 2027.