Report: South America to host the highest number of planned FPSO additions by 2021

1 June 2017 (Last Updated June 1st, 2017 18:30)

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.

Report: South America to host the highest number of planned FPSO additions by 2021

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.

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.

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.

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.