LogIn LogOut

2021 to See 33 More FPSOs

February 19, 2019

Graph: Rystad Energy
Graph: Rystad Energy

A total of 33 floating production, storage and offloading (FPSO) vessels will be sanctioned between now and 2021 as oil and gas activity picks up in the offshore sector.

Norwegian oil and gas intelligence firm Rystad Energy reports that 15 of the FPSOs will require production capacity of more than 80,000 barrels per day.

Rystad said that the high capacity demand would come mainly from the developments in Guyana and Brazil where operators such as ExxonMobil, Equinor, and Petrobras are stepping up their deepwater production.

Five of the 33 expected FPSOs will require a production capacity between 60,000 and 80,000 barrels per day and the remaining 13 will require a production capacity under 60,000 barrels per day, Rystad Energy revealed.

In November, Rystad Energy stated that the global floating production market had stirred back to life after enduring a couple of years in virtual hibernation during the downturn.



Current News

Singapore’s First LNG Bunkering Vessel Hits the Water

Singapore’s First LNG Bunkering Vessel Hits the Water

Ships Carrying Stored Gasoline to Discharge Cargoes in Indonesia

Ships Carrying Stored Gasoline to Discharge Cargoes in Indonesia

Petronas Completes First LNG Cargo Delivery to Myanmar

Petronas Completes First LNG Cargo Delivery to Myanmar

Allseas Debuts in China

Allseas Debuts in China

SapuraEnergy Nets $179,6M in New Deals Across SE Asia

SapuraEnergy Nets $179,6M in New Deals Across SE Asia

KrisEnergy Suspends Wassana Oil Field Production 'Until Further Notice'

KrisEnergy Suspends Wassana Oil Field Production 'Until Further Notice'

Sinopec Adds More Oil Storage at Baishawan

Sinopec Adds More Oil Storage at Baishawan

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com