Energy world is expected to witness the start of operations of 64 FPSOs over the course of the next five years giving a strong push to offshore oil and gas production. However, weak oil prices may discourage oil and gas companies from moving ahead on their final investment decisions. This could affect the start-up of several planned FPSOs in the world. Brazil has been at the forefront of industry, with the country already deploying 17 FPSOs from 2009 to 2014. Furthermore, Brazil is expected to deploy another 25 FPSOs by 2019. Recently, Brazil has made hundreds of discoveries in its offshore region, especially in the sub-salt region, and FPSOs are a convenient and cost effective way to develop the fields containing these discoveries.
Our latest Global FPSO Industry Outlook report provides detailed data of FPSOs that were brought online from 2009 to 2014 by key regions in the world, with forecasts up to 2019.
This report includes:
- Forecast of FPSOs that will be brought online by 2019, by key countries and operators
- Details on the major expansions and planned projects up to 2019
- Recent FPSO developments, tenders and contracts by key regions
- Get more insights on how Brazil leads record FPSO deployments, in spite of deteriorated project economics.