Energy, Oil & Gas

Yinson Production expands in Africa's offshore sector

Yinson Production, an owner and operator of floating storage, production, and offloading (FPSO) vessels, scales up its low-carbon energy solutions and deepens its footprint across Africa’s offshore oil and gas sector through innovation, strategic investments, and clean technology integration.
 
As Yinson Production continues to expand its footprint across the continent, the company recently made a strategic stopover in Namibia, engaging with regional stakeholders and presenting its sustainability-focused offshore energy solutions.
 
As Namibia rapidly rises as a frontier market for hydrocarbons, Yinson Production’s presence underscores its intent to support responsible development through FPSO systems equipped with carbon-reducing technologies.
 
Yinson Production’s pioneering efforts are further exemplified by the FPSO Agogo, which will operate offshore Angola as part of the Agogo Integrated West Hub development.
 
The vessel incorporates a suite of low-carbon technologies, including a closed flare system, hydrocarbon blanketing, combined cycle systems, automated process controls, and all-electric drives.
 
These innovations are expected to significantly reduce carbon emissions from FPSO operations and support Yinson Production’s target of achieving carbon neutrality by 2030 and net-zero emissions by 2050.
 
The Agogo project will develop two deepwater discoveries—Agogo and Ndungu—in Block 15/06, located approximately 20 km west of the operational FPSO N’Goma.
 
This development positions Yinson Production at the center of Angola’s next wave of deepwater growth while reinforcing the company’s commitment to cleaner offshore production.
 
Recognising the importance of carbon capture and storage (CCS) in the global energy transition, Yinson Production has also expanded its decarbonisation portfolio through key investments.
 
In 2024, the company acquired the Norway-based CCS business Stella Maris and made a strategic investment in Ionada, a technology firm specialising in compact carbon capture systems.
 
These moves reflect Yinson Production’s intent to integrate CCS into its FPSO operations and further reduce the environmental footprint of offshore energy projects.
 
“Yinson Production is redefining what sustainable offshore development looks like, combining cutting-edge FPSO innovation with bold carbon reduction strategies. As Africa advances oil and gas developments – from onshore to shallow water to deepwater – solutions introduced by Yinson Productions will support successful project development,” states Tomás Gerbasio, VP of Commercial and Strategic Engagement, African Energy Chamber. -OGN / TradeArabia News Service