On February 20, the AGOGO FPSO, the world’s first floating production storage and offloading (FPSO) vessel equipped with offshore carbon capture and storage (CCS) technology, was officially named at COSCO SHIPPING Heavy Industry Co., Ltd. (CHI), a subsidiary of China COSCO SHIPPING Corporation Limited (COSCO SHIPPING Group).
The AGOGO FPSO, the world’s first floating production storage and offloading vessel equipped with offshore carbon capture and storage technology, is named at COSCO SHIPPING Heavy Industry Co., Ltd. [Photo/sasac.gov.cn]
As one of the most environmentally friendly FPSO vessels globally, this vessel was converted from a 320,000-ton very large crude carrier (VLCC). CHI undertook the installation of over 15,000 tons of topside modules, the laying of more than one million meters of electrical cables, and the execution of complex commissioning processes.
This FPSO integrates advanced carbon reduction technology and is the world’s first to feature a post-combustion carbon capture and storage system for offshore gas turbines. By capturing carbon dioxide emissions from turbine exhaust gases, the vessel significantly reduces greenhouse gas emissions. The system is expected to lower carbon emissions by approximately 27 percent, marking a major milestone toward achieving zero-carbon FPSO operations.
Based on the vessel’s crude oil production capacity, it is projected to cut carbon dioxide emissions by about 230,000 tons annually—equivalent to the carbon absorption of 110,000 acres of forest per year.
CCS technology remains in the early stages of application in the shipping and FPSO sectors. As the world’s first FPSO with integrated CCS technology, the AGOGO FPSO project holds great industry significance, providing technological validation and a model for low-carbon offshore oil and gas production. The successful naming of the AGOGO FPSO demonstrates COSCO SHIPPING Group’s commitment to digital intelligence and green, low-carbon innovation, while also accelerating its expansion into the high-end offshore conversion and manufacturing sector.
AGOGO FPSO is the seventh floating oil production and storage platform undertaken by CHI and the third FPSO conversion project in collaboration with Yinson. Upon delivery, the vessel will be deployed in Angola’s Block 15/06, approximately 180 kilometers offshore, operating at a water depth of 1,650 meters. Once in production, it is expected to produce 120,000 barrels of oil per day, with a storage capacity of 1.6 million barrels.
(Executive editor: Wang Ruoting)
