Azule Energy receives Agogo FPSO in Angolan waters

Azule Energy has advanced work to develop two discoveries offshore Angola with arrival of the Agogo floating production, storage, and offloading (FPSO) vessel in Angolan waters.

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 (OGJ Online, Feb. 28, 2023).

The FPSO is scheduled to start operations by end-2025, more than 6 months before the final investment decision startup date.

Built and operated by Yinson Production for Azule Energy, the vessel is expected operate for Azule Energy under a 15-year firm charter with the option to extend for another 5 years. The total contract value could reach about $5.3 billion, according to Yinson.

With a production capacity of 120,000 b/d of oil, the vessel features carbon-reduction technology, including the industry’s first pilot post-combustion carbon capture system on an FPSO. It also includes closed flare system, hydrocarbon blanketing, combined cycle technology, automated process controls, and all-electric drives (OGJ Online, Oct. 17, 2023). The carbon-reducing technologies onboard the FPSO are expected to reduce carbon emissions by up to 27%.

Azule is operator of the block. Partners are Sonangol Exploration and Production and Sinopec.