Malaysia’s Yinson Production has received main scantling approval from Norwegian classification society DNV for its first-ever purpose-built floating production storage and offloading (FPSO) hull design.
The new design, called Meridian, is equipped with low-carbon technology and is intended to meet the challenges of deepwater and ultra-deepwater oil and gas operations. With the approval, Yinson aims to strengthen its ability to compete for new-build FPSO projects, particularly in South America and West Africa.
According to Yinson Production’s Chief Technical Officer, Lars Gunnar Vogt, the approval marks an important step in the company’s evolution:
“Achieving the main scantling approval for our FPSO hull design signifies our technical excellence and forward-thinking approach. We look forward to exploring opportunities and utilising this design for our partners.”
Until now, Yinson has mainly focused on conversion projects, where existing tankers are repurposed into FPSOs. The company says the new hull design will allow it to offer solutions when topside and storage capacity demands exceed those of large conversion projects.
The announcement follows Yinson Production’s recent cooperation agreement with Norway’s Carbon Circle on developing carbon capture as a service for industrial emitters in Europe, part of its wider carbon capture and storage strategy.
Source: Offshore Energy
