In the first half of 2021 there were six FPSO awards, which is double the number of all of 2020. Four are for Petrobras offshore Brazil: Mero 3 (MISC) Búzios 6 (SBM Offshore), Búzios 7 (Keppel/Hyundai), and Búzios 8 (Saipem/Daewoo). Santos contracted BW Offshore for Barossa offshore Australia. Equinor contracted MODEC for Bacalhau offshore Brazil.
Energy Maritime Associates expects the pace of awards to increase over the next year. It has identified 35 projects (19 FPSOs, five FSOs, five production semis, four FSRUs, one FLNG, and one MOPU) that are most likely to be sanctioned in the next 12 months. This assumes continued management of the global pandemic and oil prices remaining above $60/bbl.
