Amplus Energy

What Amplus Energy does

Amplus Energy Services Ltd is a privately-held Aberdeen-based offshore energy field development company founded in 2008 by Ian Herd, operating from a 51-100 person team with offices in the United Kingdom, Brazil, Nigeria, and Spain. The company's core offering centers on the VPU (Versatile Production Unit) family of floating production solutions, including Early Production Vessels (300,000-600,000 bbl storage, 12-18 month deployment), Marginal Field vessels (112,000-360,000 bbl storage), and Full Field vessels (up to 1.5 million bbl storage and 150,000 bpd production capacity). Differentiated technical features include disconnectable turret buoy systems enabling full disconnection in 40 seconds to one minute, dynamic positioning options that eliminate mooring requirements, dual fuel engines reducing emissions, and Lloyd's Register Approval in Principle for the VPU design described as an industry first.

The company monetizes through a mix of vessel lease/purchase options, professional services spanning subsurface analysis through operations, managed services for ongoing O&M and life-extension, and equity participation in field operators such as the December 2025 stake in Finder Energy. GTM is enterprise field sales to oil majors, independents, and national oil companies, often delivered through a consortium model combining Amplus VPUs with TechnipFMC subsea systems and Halliburton consulting, with claimed CAPEX savings up to 40%. Recent strategic moves have diversified the business into carbon capture via the Carbon Circle investment (November 2023) and into West African marginal field development through the Amplus VGE joint venture (May 2024), while the 2025 acquisition and subsequent partnership restructuring of the Petrojarl I FPSO marks a transition from pure services into asset ownership and operator alignment.

Name

Amplus Energy

Legal name

Amplus Energy Services Ltd

Website

https://amplus-energy.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

Amplus Energy is an Aberdeen-based offshore field development company providing innovative VPU and FPSO floating production solutions, consortium-based project delivery, and carbon capture services to oil majors, independents, and national oil companies globally.

Ownership category

akta.pro rank

Product category

Offshore Field Development Services

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Oil & Gas Field Services, Nec (1389), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)

Keywords

• Offshore field development
• FPSO solutions
• Versatile production unit
• Marginal field production
• Carbon capture services

Headquarters

HQ city

Aberdeen

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. FPSO/VPU Vessel Leasing: Lease or buy vessel options for operations. Offering spread moored, turret moored/DP3 assisted and DP only VPU solutions with tailored financing packages.
2. Field Development Solutions: Full project lifecycle services from front-end concepts through to operations including subsurface analysis, technical development, operator engagement, safety and FPSO operations.
3. Operations and Maintenance Contracts: Ongoing operations, maintenance, and life-extension work on FPSO vessels. Provides steady revenue stream alongside project-based work.
4. Carbon Capture Services: Full-scale carbon capture and sequestration solutions through Carbon Circle partnership, covering FEEDs and EPC to global operators.
5. Equity Participation: Strategic investments in field operators (e.g., equity stake in Finder Energy) providing financial returns alongside service contracts.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Amplus Energy provides flexible floating production solutions for offshore oil and gas field development, centered on its proprietary VPU (Versatile Production Unit) technology with disconnectable turret buoy and dynamic positioning options. The company delivers full-service field development from subsurface analysis and FEED through to FPSO operations, maintenance, and life-extension, alongside early production, marginal field, and full-field vessel solutions. It also offers carbon capture and sequestration services through its Carbon Circle UK subsidiary and equity participation in field operators.

Product overview

Amplus Energy provides innovative floating production solutions for the global oil and gas industry, centered around their VPU™ (Versatile Production Unit) product line. The portfolio includes Early Production Vessels (stock hull configurations for 12-18 month deployment), Marginal Field Production Vessels (new-build or converted vessels), and Full Field Production Vessels (large-scale developments up to 1.5M bbls storage). The company expanded into direct vessel ownership through acquisition of the iconic Petrojarl I FPSO, later transferred to Finder Energy partnership. Carbon capture capabilities were added via investment in Carbon Circle AS/UK, while Amplus VGE joint venture serves West Africa. The Consortium approach combines VPUs with TechnipFMC subsea systems and Halliburton consulting for complete field development.

Differentiator

Problem solved

Functional benefit

Brands

• Carbon Circle: Carbon capture and energy transition EPC provider partnership offering post-combustion CCS projects and full-scale carbon capture and sequestration solutions.
• Amplus VGE

Products and services

• VPU™ (Versatile Production Unit) Modular, reconfigurable floating production vessels available in spread moored, turret moored/DP3 assisted, and DP-only configurations for early production, marginal field, and full-field developments. Features disconnectable turret buoy systems allowing rapid disconnection in 40 seconds to 1 minute for weather safety.
• Early Production Vessels Stock hull-based production vessels (VPU 300 and VPU 600) with storage capacities of 300,000 and 600,000 barrels, designed for rapid deployment from order to first oil in 12-18 months. Targeted at early production system applications and extended well tests.
• Marginal Field Production Vessels Production vessels for developing marginal fields via new-build hulls or vessel conversions. Available in VPU 112 (114m, 112,000 bbls), VPU 200 (192m, 200,000 bbls), and VPU 360 (215m, 360,000 bbls) configurations with turret moored, DP3 assisted, or DP-only options. Production capacities range from 10,000 to 60,000 bpd.
• Full Field Production Vessels Large-scale production vessels for developing the largest fields. Available in VPU 900 (270m, 900,000 bbls, 60,000+ bpd), VPU 1200 (295m, 1,200,000 bbls, 80,000-120,000 bpd), and VPU 1500 (325m, 1,500,000 bbls, 90,000-150,000 bpd) with spread or turret mooring options and 44+ megawatts installed power.
• Petrojarl I FPSO Iconic FPSO vessel acquired by Amplus in 2025 - the most versatile and widely deployed FPSO in history, achieving first oil in 1986 and operating on 11 fields. Ownership transferred to Finder Energy in December 2025 for KTJ Project deployment in Timor-Leste while Amplus retains operations, maintenance, and FEED delivery contracts.
• Carbon Circle Carbon Capture Solutions Carbon capture and sequestration services through Amplus' investment in Carbon Circle AS and Carbon Circle UK. Offers post-combustion CCS projects, modularised and standardised carbon capture units, FEED and EPC delivery for onshore and offshore CCUS applications globally.
• Drill Ship Conversion Solutions Conversion of drill ships to FPSO configurations for early production, marginal field development, or FPU (Floating Production Unit) conversions. Available with 300,000 or 600,000 barrel storage capacities and turret or spread mooring options.
• Consortium Field Development Package Turnkey field development solution combining Amplus VPUs with TechnipFMC subsea systems and Halliburton consulting. Consortium partners offer flexible/rigid flow lines, risers, subsea services, reservoir management, and drilling services with potential for up to 40% CAPEX savings versus conventional approaches.
• Field Development Partnership Partnership model bringing knowledge, expertise, and industry connections for field development. Includes access to finance and potential economic partnership for viable projects, distinguishing Amplus from standard service company models with multi-year contract cadence and lease or buy options.

Quantifiable outcome

• Up to 40% CAPEX savings through consortium model
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

14 partnerships are on record, tiered core, former and supporting.

• Finder EnergycoreStrategic or Co-development Partner · 2 December 2025Strategic partnership with significant equity stake in Finder by Amplus. Ownership of Petrojarl I FPSO transferred to Finder. Amplus continues to deliver operations, maintenance, life-extension work and FEED through field deployment. Long-term alignment accelerating Amplus's stated growth in FPSO project execution.
• Astican ShipyardcoreImplementation/ SI/ Consulting Partner · 2 June 2025Selected for multi-million-dollar work scope to ready Petrojarl I for redeployment. Located strategically in Las Palmas de Gran Canaria off northwest coast of Africa.
• V.Ships OffshorecoreImplementation/ SI/ Consulting Partner · 20 March 2025Strategic partnership for vessel management, crewing, shipyard work scope preparation and execution oversight, and deployment/operational phase support for Petrojarl I FPSO transition.
• Altera InfrastructureformerOthers · 17 February 2025Sold Petrojarl I FPSO to Amplus. Global energy infrastructure services group focused on ownership and operation of offshore energy assets. Petrojarl I was Altera's first FPSO and industrys first newbuild harsh environment FPSO.
• Veri EnergysupportingStrategic or Co-development Partner · 2 October 2024MoU for carbon storage partnership. Veri Energy provides carbon store to support Ocean-Power's power generation with integrated carbon capture. Amplus involved in offshore electrification projects.
• Ocean-Power ASsupportingStrategic or Co-development Partner · 2 October 2024MoU for generating electricity offshore from externally sourced natural gas with integrated carbon capture technology. Distributes to nearby oil and gas installations in UK and Norway.
• VG Energy (Versatile Group)coreStrategic or Co-development Partner · 2 May 2024Joint venture Amplus VGE combining UK expertise with Nigeria-based regional connections. Brings innovative oil and gas production solutions to West Africa with extensive local engagement and stakeholder collaboration. Local office opened in Abuja.
• KeyFacts EnergysupportingGTM or Marketing Partner · 11 April 2024Extended partnership to support University of Aberdeen students with sponsored access to energy sector resources, news and information. Helps graduates gain industry insight.
• Carbon Circle AScoreStrategic or Co-development Partner · 6 November 2023Multi-million-pound investment in Norwegian carbon capture company. Creation of Carbon Circle UK Limited in Aberdeen. Amplus brings domain knowledge and UK industry contacts; Carbon Circle provides EPC experience and carbon capture technology for onshore and offshore projects.
• Andrews SurveyformerOthers · 6 July 2016Multi-million pound acquisition of Aberdeen-based survey company from Harkand Group administrators. 42 staff transferred. Company operates independently under existing management as part of Amplus Group.
• TechnipcoreStrategic or Co-development Partner · 12 December 2014Partnership to address marginal field development in UK waters. Technip provides project management, engineering, and technologies for cost-efficient subsea infrastructure. Jointly evaluating projects in west of Shetland and UK central North Sea.
• FES InternationalcoreTechnology or Integration · 6 August 2014Strategic technology partnership for turret disconnectable transfer system (DTS) engineering for new-build VPU FPSO vessel. FES's 20-year heritage in subsea technology combined with Amplus's production expertise.
• TechnipFMCcoreStrategic or Co-development PartnerConsortium partner providing subsea production systems. Through iEPCI expertise, TechnipFMC selects optimal field architecture and project execution. Through Genesis, offers detailed design, flow-assurance and topside expertise.
• Halliburton ConsultingsupportingStrategic or Co-development PartnerConsortium partner offering expertise in collaborating with key vendors to optimise operators' planning and operation of marginal and conventional fields for economic profitability.

Scale indicators10 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• Saipem: Italy-based oilfield services and EPC major providing offshore engineering, fabrication, and FPSO/EPCI solutions. Comparable as a broader full-service offshore contractor offering FPSO delivery alongside subsea and platform EPC.
• Altera Infrastructure: Global energy infrastructure owner and operator of offshore assets including FPSOs (formerly Teekay Offshore). Sold Petrojarl I to Amplus in 2025; comparable as a broader-scale FPSO owner/operator with an established fleet.
• Teekay Corporation: Maritime energy infrastructure company with historical FPSO operations and offshore production exposure. Comparable at the broader incumbent level through prior FPSO ownership and offshore services, though increasingly diversified into LNG and renewables.

Emerging players

• Petrofac: UK-headquartered oilfield services and EPC provider with offshore and onshore project delivery. Comparable at the consortium-services layer to Amplus's consortium offering (FEED/EPC delivery to operators), though Petrofac does not own FPSO assets.
• Doris Group: France-based offshore engineering consultancy specializing in FPSO/FLNG front-end design and field development studies. Comparable as an emerging engineering player providing technical services that complement FPSO delivery — adjacent rather than directly competitive.

Direct peers

• BW Offshore: Norway-headquartered FPSO leasing and operator with a global fleet of production vessels. Directly comparable to Amplus's FPSO/VPU leasing and field-development business model, though at significantly larger scale.
• SBM Offshore: Global leader in FPSO design, lease, and operation serving offshore oil & gas operators worldwide. Closest direct competitor to Amplus's VPU/FPSO model, including early-production, marginal-field, and full-field vessel offerings.
• Yinson Production: Malaysia-based FPSO operator with global fleet serving marginal and full-field developments. Comparable business model of providing production solutions plus operations and maintenance services to oil & gas operators.
• Bluewater Energy Services: Netherlands-based FPSO and FSO provider focused on innovative, redeployable floating production solutions. Comparable to Amplus's focus on flexible, cost-efficient production systems for marginal and early-production fields.
• MODEC: Japanese FPSO/FSO provider offering EPCI, charter, and operations services for offshore oil & gas. Comparable to Amplus in modular FPSO design philosophy and lease/operate model targeting deepwater developments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/amplus-energy

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amplus Energy