After a strong start in the first half of the year, the pace of orders slowed down with only four (one FPSO, one FSRU, and two LNG FSOs) announced in 3Q, according to Energy Maritime Associates’ (EMA) latest Floating Production Systems Report. This brings the total number of units awarded in 2019 to 13: six FPSOs, three FSRUs, two FSOs (LNG), one semi, and one MOPU.
According to the report, 27 projects are likely to reach FID in the next 12 months; however, many are just pending final FID/formal announcement. EMA expects a surge of orders before year end, particularly from Petrobras, which has five projects in the tender process. It expects up to six additional FPSO awards in the next three months.