With a slowdown in FPSO sanctioning activities last year, Rystad Energy projects a significant uptick over the current five-year cycle to near post-pandemic levels. This will be driven by both new developments and redevelopments – many of which were delayed due to volatile oil prices, a strained supply chain, challenging project financing in the energy transition context and the ongoing cost inflation.
Check out the report to learn more about the FPSO Market Outlook for 2025!
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