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