Fossil Energy – Agogo FPSO
On the morning of February 20, journalists with the organizing committee of Offshore Asia Pacific (OAP) 2025 were invited to attend the naming and departure ceremony of the Agogo FPSO.
This is the world’s first floating production storage and offloading (FPSO) vessel equipped with an offshore carbon capture and storage (CCS) system.
The event took place at the COSCO SHIPPING Heavy Industry (Shanghai).
This project marks the first offshore FPSO with post-combustion carbon capture capability globally, positioning it as a technologically advanced and environmentally friendly milestone in the FPSO industry.
During the project execution, COSCO SHIPPING Heavy Industry demonstrated strong commitment and teamwork, installing ten topside modules with a total weight exceeding 15,000 tons, laying over one million meters of electrical cables, and conducting complex project commissioning tasks.
Ultimately, the entire modification was completed one month ahead of schedule, with a total project duration of 24 months, including seven months of integration work at COSCO SHIPPING.
This set a new global record for FPSO conversion duration, surpassing the previous 27-month record set by the Maria Quiteria FPSO, which COSCO SHIPPING successfully delivered in April 2024 for Yinson Holdings Berhad.
The Agogo FPSO employs advanced carbon reduction technologies and is the world’s first FPSO equipped with an offshore post-combustion CCS system. Capturing carbon dioxide from the exhaust gas of onboard gas turbines, it significantly reduces greenhouse gas emissions. According to the shipowner, this system can reduce carbon emissions by approximately 27%, marking a significant milestone towards achieving a zero-carbon FPSO concept. The initiative aims to reduce the carbon footprint and pave the way for decarbonization in the global offshore oil production sector.
Additionally, the Agogo FPSO integrates other innovative emission reduction technologies, including electrification, automation, digitalization, a combined cycle power system, seawater-driven turbines, steam generators, a hydrocarbon cargo inerting system, and an integrated closed flare system. These advanced technologies will substantially lower overall carbon emissions and enhance operational efficiency, making it the most environmentally friendly FPSO in existence and the first offshore floating oil production storage platform with carbon capture functionality, reaffirming its leading position in global FPSO technology.
Estimates indicate that conventional FPSOs emit 20-30 kg of CO2 equivalent per barrel of oil produced. Based on the Agogo FPSO’s crude oil output, it is expected to reduce CO2 emissions by approximately 230,000 tons annually, which is equivalent to the carbon absorption capacity of 110,000 acres of forest per year.
This development supports Yinson Holdings Berhad’s commitment to achieving carbon neutrality by 2030 and net-zero emissions by 2050, in alignment with the Paris Agreement.
The newly named Agogo FPSO was retrofitted for Azule Energy , Angola’s largest independent oil and gas producer, by Malaysia-based Yinson Holdings Berhad. Azule Energy is a joint venture between Italy’s Eni and the UK’s bp, each holding a 50% stake.
The FPSO has a length of 333 meters and a width of 60 meters. It is scheduled to commence operations in 2025 in the West Hub of Angola’s Block 15/06, located approximately 180 kilometers offshore at a water depth of 1,650 meters. The Agogo FPSO is expected to begin production in 2025, with a daily output of 120,000 barrels of oil and a storage capacity of 1.6 million barrels.
The Agogo FPSO is the seventh FPSO project undertaken by COSCO SHIPPING and the third FPSO conversion project in collaboration with Yinson Holdings Berhad. In recent years, both companies have continued to deepen their cooperation on FPSO conversion projects, supporting and achieving mutual success with positive outcomes.
The successful naming of the Agogo FPSO exemplifies COSCO SHIPPING’s commitment to the concepts of ‘digital intelligence’ and ‘green and low-carbon’ innovation. It also represents a concrete step toward implementing the company’s ‘One Core, Two Wings’ development strategy, striving to establish a flagship factory for green, low-carbon, and intelligent ship and offshore engineering repairs and conversions.
Text contribution and pictures credit: Offshore Asia Pacific (OAP).
