Project Overview

The FPSO Atlanta is a Floating Production, Storage & Offloading (FPSO) offshore vessel currently sailing under the Liberian flag. Developed by Yinson Production, the vessel operates in the Atlanta Field within Santos Basin. It is 322 meters long and 56 meters wide. 

The vessel highlights the move from an early production system (EPS) to a full development system (FDS) for the Atlanta field. It has a total production capacity of 50,000 oil barrels/day & can store up to 1,200,000 barrels. Overall, Brazil’s FPSO Atlanta played a major role in pursuing clean energy for the country.  

Project Location

The FPSO Atlanta is located in the Santos Basin, Offshore Brazil. It sets off in the Atlanta Field in Block BS-4 of Santos Basin, which is known for its offshore oil-producing regions in Brazil. It is currently located in the South Atlantic Ocean, approximately 185 km southeast of Rio de Janeiro, at depths of nearly 1,550 meters.

Project Background

Originally built as a tanker in 1989, the FPSO Atlanta was found in 2001. Earlier, it was known by multiple names, such as STENA EPISKOPI, EPISKOPI, CONCORDE SPIRIT, and OSX-2, before its transformation into an FPSO.

The vessel's transformation into an FPSO began in 2011 when OSX Brasil, part of Brazilian entrepreneur Eike Batista's OGX (later OGPar) group, committed to converting it into FPSO OSX-2 through a letter of intent with SBM Offshore.

The conversion was completed in 2013 at a shipyard. Still, due to OGX's financial collapse and bankruptcy amid a broader scandal involving Batista's empire, the FPSO OSX-2 was never deployed to its intended field. Instead, it was placed in storage, marking a period of inactivity for the asset.

The FPSO Atlanta Project was awarded to Yinson Production on 21 February 2022. It works under an EPCI (Engineering, Procurement, Construction, Installation) Contract. 

As a result of the merger between 3R Petroleum & Enauta in 2024, the Atlanta Field was operated by Brava Energia. Today, the company is one of the largest independent oil and gas producers in the world. 

FPSO Atlanta Ownership Details

The FPSO Atlanta is owned and operated by Yinson Production, a Singapore-based subsidiary of Malaysian company Yinson Holdings Berhad, which specializes in floating production, storage, and offloading (FPSO) vessels.

Yinson acquired full ownership of the vessel in July 2023 through the exercise of a purchase option from Brazilian oil company Brava Energia (formerly Enauta Energia), for a total value of approximately USD 465 million, including deferred payment.

An agreement with Yinson for 15 years (with an optional five-year extension) valued at up to USD 1.98 billion covers operations and maintenance (O&M) of the FPSO, while Brava Energia is in charge of operating the Atlanta Field in the Santos Basin, where the FPSO is deployed.

In August 2025, Yinson further consolidated its ownership by buying out a USD 409 million project loan related to the FPSO from Brava Energia, with no changes to the operational structure.

First FPSO Atlanta Production

Yinson Production achieved its first oil production with Brava Energia on 31 December 2024. The FPSO Atlanta is the third FPSO Project of Yinson Production operating in Brazil. The first two successful projects were FPSO Maria Quiteria in October 2024 & FPSO Anna Nery in May 2023. 

The Brava Energia was initially known as the Enauta Energia SA,& is one of the largest independent oil & gas producers in America. The production started with 6H & 7H wells. There are a total of 6 wells to be connected, namely 2H, 3H, 4H, 5H, 6H, & 7H Wells. 

The 2H & 3H wells are connected to the FPSO Atlanta in the second week of July 2025. As of August 2025, the 2H & 3H wells are currently undergoing testing. The remaining 4th & 5th wells were connected early in the 2nd quarter of 2025, & are now operational.  

Project Timeline

Project Cost & Financing Details

Design & Engineering Details

FPSO Atlanta’s Contractors

Future Prospects of FPSO Atlanta

Over the next decade, the FPSO Atlanta will be a major supplier of Offshore Oil Production to Brazil. Investments in well tie-ins, operation optimization, and sustainability enhancements will keep its prospects strong.

The vessel's design and adaptability, as well as its long-term contract and decarbonization trend, point to a stable and productive future as the global demand for offshore oil extraction grows.

Conclusion

FPSO Atlanta is a Floating Production, Storage & Offloading (FPSO) offshore vessel currently sailing under the Liberian flag. With a total production capacity of 50,000 oil barrels/day & storage capacity of 1,200,000 barrels, the FPSO Atlanta played a crucial role in chasing clean energy for the company. 

After the successful delivery of the first oil on 31 December 2024, the FPSO Atlanta has become a key component supporting both Brava Energia’s strategic ambitions and Brazil’s position as a leader in deepwater production.

This project, which will last 15 to 20 years and is backed by a strong financing structure and a long-term charter with Brava Energia, is valued at USD 1.98 billion. With industry trends now favoring sustainable operations, FPSO Atlanta reinforces Yinson Production’s reputation as a leading innovator and reliable partner in the offshore energy sector.

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