FPSO Agogo; Source: Yinson Production

WATCH: Yinson Production’s FPSO equipped with carbon capture tech sets off on deepwater testing mission

Business Developments & Projects

Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has seen its floating production, storage, and offloading (FPSO) vessel off as it left a Chinese shipyard for deepwater testing before making its way to Angolan waters, where it will work for Azule Energy, a joint venture between BP and Eni.

FPSO Agogo; Source: Yinson Production

Following a contract for the FPSO Agogo with a total value of around $5.7 billion, which Yinson Production secured in February 2023 with Azule Energy, enabling the vessel to work offshore Angola for 15 years with the option to stay up to five years longer, a grand naming and sail-away ceremony was held on February 20, 2025, at Cosco Shipping Heavy Industry (Shanghai) Shipyard in Shanghai, China. 

This unit, portrayed as the first of its kind with a post-combustion carbon capture pilot system to decarbonize operations, set sail from the Chinese shipyard on March 3, 2025, after undergoing the integration, mechanical completion, and onshore commissioning. The FPSO will now sail to the Lu Hua Shan Anchorage, where it is expected to undergo deepwater testing for about two weeks.

“This milestone marks a significant achievement, as the project is nearly four months ahead of schedule, with 100% completion of onshore commissioning,” highlighted Yinson Production, adding: “We look forward to successfully completing anchorage activities and setting sail for Angola within the next two weeks.”

FPSO Agogo sails away from Chinese shipyard

Afterward, the vessel will undertake its voyage to Angola for deployment at the Agogo Integrated West Hub development project in Block 15/06 off the coast of Angola. The FPSO Agogo features carbon reduction technologies that entail a closed flare system, hydrocarbon blanketing, combined cycle technology, automated process controls, all-electric drive systems, and the first pilot of a post-combustion carbon capture system on an FPSO.

With a production capacity of 120,000 barrels of oil per day, the unit will work on the Agogo field around 180 kilometers west of the coast of Angola. This field, discovered in 2019 in a water depth of approximately 1,650 meters, currently has two FPSOs, which are working to bring estimated reserves of around one billion barrels to the energy market.

The Agogo deepwater greenfield development is located approximately 20 kilometers west of the FPSO N’Goma (West Hub) which has been in operation since November 2014. Yinson Production sees the deployment of carbon-reducing technologies as key to enabling decarbonization to curb emissions.

With this at the forefront, the Malaysian giant made a strategic investment in Ionada followed by the acquisition of the Norway-based Stella Maris CCS business.