Sixty-seven FPSOs forecast to start-up by 2025

South America leads the world for planned and already new FPSOs between 2019 and 2025, according to GlobalData’s Q4 2019 Global FPSO Industry Outlook. It has identified 27 projects across the region during this period, followed by Africa, Asia, and Europe with respectively 15, eight, and seven FPSOs. Worldwide, GlobalData expects 67 FPSOs to start operations by 2025, of which 42 are early-stage announced floaters currently in the conceptual study phase. Brazil has 21 planned and announced additions by 2025. The countries with the next highest numbers are Angola with five, the UK and Nigeria with four each, all set to come online by 2025.