By Ayomide Otitoju
Aberdeen’s role as a strategic base for companies operating beyond the North Sea was underscored yesterday as Altera Infrastructure detailed how its UK capabilities are supporting major offshore developments in Africa.
Speaking at the Wider African Energy Summit, hosted in partnership with the African Energy Chamber, Stig Bøtker, Altera’s Director of Business Development, described Aberdeen as “a strategic base for Altera’s operations,” citing the city’s technical expertise and offshore heritage as key drivers of the company’s international success.
Bøtker highlighted the FPSO Petrojarl Kong, operating at the Baleine Field offshore Ivory Coast, as a prime example. The fast-tracked project began redevelopment in late 2022 and reached first oil by December 2024, producing 40,000 barrels of oil per day and 44 million standard cubic feet of gas per day. The gas is supplied to an onshore power plant, providing affordable and stable energy to the region.
Altera also secured $464 million in post-delivery financing for the Petrojarl Kong FPSO through a U.S. private placement, marking one of the first transactions of its kind for a West African offshore project. Bøtker said the company hopes the success will open doors for more projects in Ivory Coast.
