Carlyle acquires Altera Infrastructure’s FPSO business
Global investment firm Carlyle has reached an agreement to acquire the entire Altera Infrastructure business related to Floating Production, Storage and Offloading (FPSO) operations. The deal includes several FPSO units, one FSO, and a 50% stake in the Altera & Ocyan joint venture.
Key assets in the transaction
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FPSO Petrojarl Kong
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FSO Yamoussoukro (Côte d’Ivoire, Africa’s first zero-emission oil production project)
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FPSO Piranema
These assets are backed by long-term contracts with leading energy companies, including Petrobras and Eni.
Carlyle’s investment and strategy
The acquisition will be funded through Carlyle International Energy Partners II (CIEP II).
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Bob Maguire, Co-Head of CIEP: this is a rare opportunity to acquire an established FPSO business with strong cash flows and access to world-class operators.
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Bendik Dale, Managing Director at CIEP: Carlyle aims to expand globally through partnerships, M&A opportunities, and support for decarbonization initiatives.
Altera Infrastructure’s perspective
Executives Chris Brett (President of Altera Production) and Arne Haagen Trønqvist (EVP Projects) welcomed the partnership, noting that Carlyle’s industry expertise and global network will help optimize asset performance, improve operational efficiency, and scale the business.
About Altera Infrastructure
Altera Infrastructure, owned by Brookfield Asset Management’s private equity arm, manages around $3 billion worth of offshore infrastructure assets in the North Sea, Brazil, and West Africa. Its fleet consists primarily of FPSO and FSO units under medium-term contracts, with additional assets managed through joint ventures.
