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Aoka Mizu FPSO Upgrade for Sea Lion Oil Development

Sector: Oil and Gas • Location: Falkland Islands

Source: MercoPress

Project
Under Construction

The project involves upgrading the Aoka Mizu FPSO in Asia to adapt it to the Sea Lion oil development needs in the North Falkland Basin. The upgrade work was shifted from the Middle East to Asia due to the conflict in Iran, adding about US$ 45 million to the development budget. The FPSO has a capacity of 55,000 barrels per day, with plans for a second FPSO to increase capacity by 125,000 barrels p

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The project “Aoka Mizu FPSO Upgrade for Sea Lion Oil Development” is an infrastructure initiative in the Oil and Gas sector, located in Falkland Islands. Taiyo aggregates data on it from MercoPress.

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Participants

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under construction

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Description

Description

The project involves upgrading the Aoka Mizu FPSO in Asia to adapt it to the Sea Lion oil development needs in the North Falkland Basin. The upgrade work was shifted from the Middle East to Asia due to the conflict in Iran, adding about US$ 45 million to the development budget. The FPSO has a capacity of 55,000 barrels per day, with plans for a second FPSO to increase capacity by 125,000 barrels per day. Onshore works in the Falklands, manufacturing of long-lead items, and FPSO redeployment are progressing, with drilling scheduled for early 2027 and first oil expected in the first half of 2028.

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High

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