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January 28, 2022

South America remains on top for global upcoming FPSO deployments

According to GlobalData, 56 FPSO units are set to operate during 2022-2027, with South America being on top of FPSO additions.

By GlobalData Energy

GlobalData’s latest report, “Global FPSO Industry Outlook, 2022–2027,” indicates that a total of 56 planned and announced floating production, storage and offloading units (FPSOs) are expected to start operations during the outlook period 2022–2027. Of these, 25 represent the number of planned FPSOs with identified development plans and 31 represent the number of early-stage announced FPSOs that are undergoing conceptual studies and are expected to get approved for development.

South America remains on the top with 27 planned and announced FPSO additions during the outlook period 2022–2027. Africa, Asia, and Europe rank next with eleven, seven, and five FPSOs, respectively.

Among countries, Brazil leads globally in planned and announced FPSO additions with 22 FPSOs during the outlook period, followed by Guyana and the UK with four FPSOs each.

Among operators, Petroleo Brasileiro SA (Petrobras) leads globally with eight planned and announced FPSOs. SBM Offshore NV and Modec Inc, follow with six and three FPSOs, respectively.

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