Global investment firm Carlyle has entered into an agreement to acquire a diversified floating production, storage, and offloading (FPSO) business from Altera Infrastructure Group, a leading offshore energy infrastructure company owned by Brookfield Asset Management’s private equity division.
Altera Infrastructure operates critical energy infrastructure assets across key offshore oil regions, including the North Sea, Brazil, and West Africa. The transaction marks a significant move by Carlyle into the FPSO sector, which plays a vital role in offshore oil and gas production.
The acquisition includes a portfolio of multiple FPSOs and one FSO (floating storage and offloading unit), all backed by long-term contracts with major international oil and gas companies. Among the assets are:
- Petrojarl Kong FPSO and FSO Yamoussoukro, deployed in Côte d’Ivoire with Eni, supporting Africa’s first net-zero emission upstream project (Scope 1 and 2).
- Piranema FPSO, operating in Brazil.
- A 50% stake in the Altera&Ocyan joint venture’s Pioneiro de Libra FPSO, also deployed in Brazil with Petrobras.
Funding for the transaction will be provided by Carlyle International Energy Partners II (CIEP II), the firm’s dedicated private equity fund focused on global energy investments.
Bob Maguire, Co-Head of CIEP, commented:
This is a rare opportunity to acquire an established and high-quality FPSO business with a strong management team, operating track record, and long-term cashflows. This portfolio benefits from long-term contracts, strong FPSO market fundamentals, and exposure to world-class operators, which position it well for success.
The deal highlights Carlyle’s strategic focus on energy infrastructure assets that offer stable returns and long-term growth potential. It also reflects increasing investor interest in offshore production technologies that support energy transition goals, including emissions reduction and operational efficiency.
