Amplus Energy Services Ltd has entered into an agreement to acquire the
Petrojarl I vessel, marking a significant milestone and introducing a
distinctive new capability to the market.
The purpose-built Floating Production Storage and Offloading (FPSO) unit is
renowned as the most versatile and widely deployed FPSO in history. Amplus has
acquired the Petrojarl I from UK-based Altera Infrastructure, a global energy
infrastructure services group focused
on the ownership and operation of offshore energy assets. Fully classed, the
vessel has recently completed a successful deployment in Brazil.
With this acquisition, Amplus can now offer a more flexible solution to the
market, with a ready-to-deploy unit capable of meeting immediate and unique
customer needs and demands. Notably, this marks Amplus' initial vessel
ownership, positioning the company to expand this strategy and meet growing
market demands.
To date, Amplus has focused on delivering innovative field development
solutions, offering vessel design and leasing options over direct ownership.
With expertise in subsurface analysis, technical development, operator
engagement, safety, and FPSO operations, providing comprehensive solutions and
strategic partnerships.
Petrojarl I is available for swift deployment in early production system
applications, extended well tests, and standalone marginal field developments.
Additionally, the vessel is ideal for cost-efficient, lower-production
operations and can support both early-phase and tail-phase production in
regions such as Vietnam, Suriname, Brazil, and West Africa. The vessel requires
minimal modification to be field-ready for specific customer needs.
Steve Gardyne.
Amplus managing director, Steve Gardyne, said this is a “hugely significant” move for the organisation.
He said: “This vessel is unquestionably the most flexible and most deployed FPSO in history - and Amplus now has the opportunity to apply our experience and approach to steward it safely and successfully for years to come. The addition of this vessel strengthens our ability to meet growing market demands and ensure we are well-positioned to address client needs.
"Furthermore, this acquisition has the potential to fast-track our journey to becoming a fully operational organisation, complete with our own onshore support and offshore team. It also underscores our commitment to investing in the business and applying our considerable experience and expertise to deliver exceptional value to our clients."
Ian Herd, executive director at Amplus Energy, added: “We have strategic plans for further vessel ownership, with the aim of being the redeployment vessel contractor of choice.
Ian Herd, executive director at Amplus Energy
“There is a market opportunity for a trusted, entrepreneurial FPSO contractor operating at the flexible, niche end of the spectrum offering fit-for-purpose vessels at a very competitive price, backed up by a leadership team with extensive operator experience supported by a scalable and aligned set of subcontractors.
“The acquisition marks a significant advancement for Amplus Energy and we look forward to meeting the evolving needs of the industry.”
Chris Brett, President of Altera Infrastructure Production, said: “We congratulate Amplus Energy on their contract to purchase the FPSO Petrojarl I.
“Petrojarl I was Altera’s very first FPSO and the industry’s first newbuild harsh environment FPSO achieving first oil in 1986. It has been operated by Altera on 11 fields for many years.
“We wish Amplus Energy and all who will serve on Petrojarl I in the years ahead much success and safe operations. “