Our acquisition of Petrojarl 1 advances how we add value to our customers
From providing field development solutions with the potential use of a redeployed, converted or new FPSO, we now offer an FPSO of our own. It focuses our business and the market on tangible, specific opportunities.
Petrojarl 1 is ideal for niche projects that require a fit-for-purpose FPSO at a competitive price.
It can be used for everything from a quick turnaround EPS solution on a multi-phase development, to extended well testing to help de-risk major projects. It can enable modest full-field development.
It can support right-sized, lower-cost tail-end production on existing fields, extending high-value late-life production where high-cost hub economics often make it too expensive.
It supports sustainability. Using a later-life FPSO avoids the emissions associated with premature vessel decommissioning and the additional materials required for new builds.
Petrojarl 1 specifications
Advancing your field development
When it comes to FPSOs, bigger isn’t always better. Many early-phase or tail-phase production projects around the world need the right-sized cost-efficient vessel with the flexibility to match their unique needs.
Our FPSO Petrojarl 1 is the versatile answer to your niche project challenges. It takes the evolution of our field development business model to the next level.
It elevates and broadens our existing offering to an entrepreneurial FPSO contractor, supporting the flexible, niche sector of the market, providing fit-for-purpose vessels at a competitive price.
Acquiring Pertrojarl 1 marks the first milestone in our strategy to buy targeted, right-sized FPSOs that we can safely and efficiently redeploy to support early-phase and tail-phase production in target locations like Vietnam, Suriname, Brazil and West Africa.
As with everything at Amplus, our FPSO model is backed by the deep expertise of our operator and tier-1 experienced leadership team and our fully aligned subcontractors.
It ensures that whatever your challenge, we’ll always find a way.
For more information contact Steve Gardyne