FPSO Atlanta is sold

The Malaysian company Yinson has exercised the purchase option and acquired FPSO Atlanta from Enauta. It will be installed in the field of the same name, in the Santos Basin. Phase one of the Atlanta development is expected to begin production in mid-2024 through six wells.

Yinson acquired the FPSO through the acquisition of AFPS BV, the company that controls the platform. The value of the purchase is US$ 465 million. Of this amount, US$86 million will be paid now and the balance will be paid over 15 years. According to Enauta, Yinson’s decision is important to given that it will save US$ 100 million in the Atlanta Definitive System project. In addition, the oil company informed that the sale will reduce risks in the development of the Atlanta Field.