Rystad Energy expects FPSO awards to reach 10 units in 2021, with another 10 following next year. Four FPSOs were awarded in 2Q and the analyst firm believes another four will be awarded before the end of the year. Including the two awards from 1Q, this will bring the total tally up to 10 FPSO contract awards in 2021 – more than triple the three awards from 2020. The four FPSO contracts expected to be awarded before the end of the year are the Mero 4 and Parque das Baleias in Brazil, Limbayong in Malaysia, and Liuhua 11-1 in China.
According to Rystad, another 10 projects are likely to be awarded in 2022. Most of the FPSO awards come from Latin America with four units bound for Brazil and one for Guyana. Angola and the UK are likely to see two awards each, and one is lined up for Australia.
