SINGAPORE – In its latest quarterly Floating Production Systems Report, Energy Maritime Associates (EMA) reviews the market for Floating Production Systems. In the first half of 2021 there have been six FPSO awards, which is double the number of all of 2020. We expect the pace of awards to increase over the next year and have identified 35 projects (19 FPSOs, 5 FSOs, 5 Production Semis, 4 FSRUs, 1 FLNG, and 1 MOPU) that are most likely to be sanctioned in the next 12 months. This assumes continued management of the global pandemic and oil prices remaining above $60/bbl.
This comprehensive 275-page report contains details of recent developments including:
According to Energy Maritime Associates Managing Director, David Boggs:
Figure 1. Graph showing historical FPS awards vs. average WTI price by year. Increasing oil prices are a bright indicator for future project awards.
The Floating Production Systems Report is a must read for anyone requiring trustworthy analysis of the FPSO sector to effect better decision making, assess business risk, and provide insight into project alternatives.
EMA provides independent, expert analysis of the FPSO market with an unbiased view. We pride ourselves on the accuracy of information provided built through an extensive network of industry contacts, and our depth of knowledge in floating production. Trusted by more than 200 clients worldwide, EMA serves the entire FPSO market including E&P companies, service providers, capital investment firms, and asset and facility owners.
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SINGAPORE – In its latest quarterly Floating Production Systems Report, Energy Maritime Associates (EMA) reviews the market for Floating Production Systems. In the first half of 2021…