Petrobras drives global upcoming FPSO deployments

GlobalData Energy 15 July 2020 (Last Updated July 15th, 2020 15:47)
Petrobras drives global upcoming FPSO deployments

The latest analytical report from Global Data, ‘Global FPSO Industry Outlook, 2020−2025 – Petrobras Drives Global Upcoming FPSO Deployments’ suggests that a total of 54 planned and announced floating production, storage, and offloading units (FPSOs) are expected to start operations globally by 2025. Among regions, South America remains on the top globally with 21 planned and announced FPSO additions during the outlook period 2020–2025. Africa, Asia, and Europe rank next with 11, eight, and six FPSOs, respectively.

Globally among countries, Brazil leads globally in planned and announced FPSO additions with 18 FPSOs during the outlook period 2020–2025, followed by the UK with five. Angola, Australia, and Guyana are jointly in third with three FPSOs each. Among operators globally, Petroleo Brasileiro SA (Petrobras) leads globally with 10 planned and announced FPSOs. SBM Offshore NV and Modec Inc follow with three
FPSOs each.

In South America, 21 planned and announced FPSOs are expected to start operations by 2025 in two countries – Brazil and Guyana. In the African region, 11 planned and announced FPSOs are expected to come online in seven countries by 2025. Angola leads the region with three FPSOs, followed by Nigeria and Tunisia with two FPSOs each. South Africa, Mauritania, Ghana, and Senegal have one upcoming FPSO each by 2025.

In Asia, eight planned and announced FPSOs are expected to start operations by 2025. India leads the region with two upcoming FPSOs, while one FPSO each is expected to start operations in the rest of the countries during the outlook period. Europe has six planned and announced FPSOs expected to start operations during the outlook period 2020–2025. The UK leads with five FPSOs, followed by Norway with an FPSO – Johan Castberg.