Petrobras set to drive global FPSO deployments by 2025

Petroleo Brasileiro (Petrobras) continues to dominate global floating production storage and offloading vessel (FPSO) deployments with operatorship in 15 planned and announced projects during the outlook period 2019 to 2025, according to GlobalData, a leading data and analytics company.

The company’s report, ‘Q4 2019 Global FPSO Industry Outlook – South America Spearheads Global FPSO Deployments’, reveals that Petrobras is expected to deploy six planned and nine announced FPSOs by 2025. It is expected that 2023 will witness the highest number of FPSO deployments with four.

Adithya Rekha, Oil and Gas Analyst at GlobalData, explains: “Petrobras is expected to add a total crude oil production capacity of 1.5 million barrels per day (mmbd) through its upcoming FPSOs by 2025. Among the upcoming FPSOs operated by Petrobras, Mero 3 and Mero 4 will have the highest crude oil production capacity of 0.2 mmbd each during the outlook period.”

Image

GlobalData identifies Modec as the second highest operator globally with four upcoming FPSOs by 2025. All of the upcoming FPSOs in the company’s portfolio are planned and the firm is expected to add a total crude oil production capacity of 0.6 mmbd through these upcoming FPSOs by 2025.

Rekha concludes: “SBM Offshore occupies the third position with the operatorship of three planned FPSOs by 2025. These FPSOs are expected to add a total crude oil production capacity of 0.5 mmbd during the forecast period.”

More Media