Australia leads in the deployment of FPSOs in the Asia-Pacific region

25 January 2019 (Last Updated January 25th, 2019 16:32)

As a region, South America will continue to dominate the global market with 30 planned FPSOs.

Australia leads in the deployment of FPSOs in the Asia-Pacific region
As a region, South America will continue to dominate the global market with 30 planned FPSOs.

A total of 67 floating production, storage and offloading (FPSOs) vessels are expected to start operations globally by 2025, with Australia leading the Asia-Pacific region, according to a report by GlobalData.

South America and Brazil

The report by the data and analytics company found that as a region, South America will continue to dominate with 30 planned FPSOs, followed by Africa and Europe with 14 and six FPSOs, respectively, in the pipeline.

In terms of nations, Brazil will continue to lead with 23 planned and announced FPSOs, followed by Australia and Angola with five FPSOs each. The Falkland Islands and Guyana have four and three FPSOs planning respectively for the period in question.

Among operators, Petroleo Brasileiro SA leads with 20 planned and announced FPSOs, followed by Modec Inc and Premier Oil Plc with three FPSOs each.

Africa

In the African region, 14 planned and announced FPSOs are expected to come online in seven countries. Angola has the highest number of FPSOs expected to start operations in the region with five, followed by Nigeria with four. South Africa, Mauritania, Tunisia, Ghana, and Senegal have one FPSO planned each.

Global planned and announced FPSOs by country

Source: Upstream Analytics, GlobalData

Europe, Oceana and Asia

Europe has six planned and announced FPSOs, three each in the UK and Norway.

In Oceania five planned and announced FPSOs are expected to come online in Australia; In North America, Mexico has three announced FPSOs, while the US and Canada have one announced FPSO each.

In Asia, four planned and announced FPSOs are expected to start operations. India leads with two FPSOs, followed by Indonesia and China with one FPSO each.

Israel

Israel has a planned FPSO, Karish, which is expected to start operations in 2021, the GlobalData report found.