Insight

The future of the global FPSO market

07 March 2014

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07 March 2014

The future of the global FPSO market

Report summary

Increasing levels of activity in the world's deepwater markets will lead to a growth in demand for high-spec floating production storage and offloading units (FPSOs) over the next decade. Despite the robust outlook, there are a number of challenges. The continued increase in FPSO complexity will put additional pressure on project lead times, costs and the supply chain.

Global FPSO markets
Future demand driven by Brazil and West Africa
Reserves being developed from FPSOs
FPSO construction and ownership
Near-term market for leased FPSOs will be tight
Local content is also a major concern
Conclusion

Tables and charts

This report includes 10 images and tables including:

The future of the global FPSO market: Image 1
The future of the global FPSO market: Image 2
Annual global market - commissioned FPSOs by water depth*

Global demand for FPSOs by region through 2020
Projects expected to be sanctioned in the next two years
Regional distribution of probable FPSO projects by average water depth and average field size
FPSO production capacity vs. topside weight
Leased vs. Owned FPSOs (onstream) by peer group
The future of the global FPSO market: Image 8
Egina project economics*