Yinson is pleased to announce that FPSO Abigail-Joseph has received its 1st Oil Certificate on 28 October 2020 following successful 72-hour Stabilisation Testing. This marks the commencement of the firm charter of the FPSO for a period of 7 years, with options to extend for a further 8 years.
The Yinson team achieved the delivery of first oil for production within 20 months after signing the contract with client FIRST Exploration & Petroleum Development Company Limited (“FIRST E&P”), as Operator of the Nigerian National Petroleum Corporation (“NNPC”) / FIRST E&P OMLs 83 & 85 Joint Venture (the “NNPC/ FIRST E&P JV”). The asset is operating in the Anyala and Madu fields within OMLs 83 & 85.
FPSO Abigail-Joseph is Nigeria’s first integrated oil and gas greenfield project that has been wholly executed by an indigenous oil company, and is the Group’s fourth offshore production asset to operate in Nigerian waters.
Yinson Chief Executive Officer Offshore Production, Flemming Grønnegaard said that the achievement was made possible through the great teamwork between the Yinson team, client and subcontractors.
“I would like to thank the NNPC/FIRST E&P JV for the opportunity to undertake this project. This is a special project for us as it marks our continuous business presence in Nigeria, allowing us to continue positively impacting Nigeria’s development through our contribution to its energy landscape and local economy,” he said, adding that Yinson has been operating in Nigeria for the past 25 years.
He added that the team achieved zero lost time injuries throughout the 2.1 million man hours clocked during the conversion and commissioning of the FPSO.
“Yinson’s Core Values, R.O.A.D.S, stands for Reliable, Open, Adaptable, Decisive and Sustainable. To successfully complete this project, the values of, ‘Reliable’, ‘Adaptable’ and ‘Decisive’, in particular, were crucial to enable us to navigate through the challenges brought about by the Covid-19 pandemic to achieve first oil for FIRST E&P,” said Flemming.
Ademola Adeyemi-Bero, Managing Director of FIRST E&P is enthusiastic embarking on the next operational phase of the relationship with Yinson, building on the strong and collaborative partnership during the project development phase: “As a Nigerian independent with an offshore integrated oil and gas focus, the partnership with Yinson should enable our company to deliver world class operations that delivers value to the JV. We look forward to a long-term relationship that delivers mutual bottom-line benefits to both companies.”
FPSO Abigail-Joseph has a storage capacity of 550,000 barrels and is designed to produce 50,000 barrels of oil per day with gas lift and gas injection capacities at 15 MMSCFD and 39 MMSCFD respectively.
