A total of 54 planned floating production, storage and offloading units (FPSOs) are expected to start operations globally by 2021, according to a report by GlobalData.

Titled ‘Q2 2017 Global FPSO Industry Outlook – Brazil Continues to Dominate with Most Planned Project Starts’, the report states that South America will have the highest number of planned FPSO additions at 25.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

South America will be followed by Africa with nine, Europe and Asia with eight and Middle East with one.

In terms of countries, Brazil will have the highest number of planned FPSOs at 24, followed by the UK with seven, Angola with three, and Indonesia and Malaysia having two each. 

"Brazil will have the highest number of planned FPSOs at 24."

Operator-wise, Petroleo Brasileiro SA will be the leading operator with 26 planned FPSOs, followed by Royal Dutch Shell Plc, Saipem SpA, and Yinson Holdings Berhad with two each.

See Also:

The report also states that three FPSOs are expected to come online in North America and Oceania by 2021, out of which two will be in Australia and one in Mexico.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Compared with the previous report, 11 projects were postponed and no FPSOs were cancelled and announced. Furthermore, no new projects were stalled as compared to the previous report.