Published by Yun Xu at November 26, 2024 From 2025-2029, Energy Maritime Associates (EMA) expects orders for 119 Floating Production Systems, with a Capital cost of $126 Billion, in its mid-case forecast. Over 70% of this investment would go towards the 54 FPSOs. Brazil will remain the largest FPSO market, more than Africa and the rest of South America combined. Newbuilt hulls will be the norm going forward, although converted tankers and re-use of existing FPSOs will play a role, particularly for smaller developments.