FPSO Forecasted Growth within the next five years

Expenditure in offshore upstream projects has increased in recent years. The forecast for the next five years is moving towards continued growth as investment levels are estimated to increase by another 40%. More than 50 FPSOs are expected to be awarded by 2028 which will meet the increased demand for oil and energy.

FPSO Projects Worldwide

There are 30 ongoing FPSO projects worldwide, with South America taking the bulk of the generation. Africa is expected to also increase its production as more projects are awarded in the continent to capitalise on the region's immense oil potential. Check out our report to get the full list of FPSO projects that are currently ongoing.

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