04/11/2019 – News / Crude Oil / FPSO / Floating Production Storage & Offloading Vessels / Brazil
Brazil to dominate with highest number of FPSO deployments by 2025
Petrobras will deploy its new P-68 FPSO in the Berbigão and Sururu fields of the Santos Basin pre-salt, ready for start of production in these fields before the end of 2019.
Brazil continues to drive global deployment of floating production storage and offloading vessels (FPSOs), with 21 planned and announced FPSOs during the outlook period 2019 to 2025, according to GlobalData.
The data and analytics company’s report reveals that Brazil is expected to deploy a total of 11 planned and 10 announced FPSOs by 2025. The crude oil production capacity of those upcoming FPSOs is expected to be 2.5 million barrels per day (mmbd) during the outlook period.
“In Brazil, FPSOs are being deployed to develop hydrocarbons in the Santos and Campos basins,” advised Adithya Rekha, Oil and Gas Analyst at GlobalData. “The state-owned company, Petrobras, is primarily deploying these FPSOs.”
New FPSOs in Angola, Nigeria and the UK
Angola is expected to deploy the second highest number of FPSOs globally, with five planned by 2025. All the upcoming FPSOs in the country are announced projects. Sonangol P&P and Cabinda Gulf Oil Company are leading in terms of number of deployments in the country with two FPSOs each, while BP Angola will operate the remaining FPSO.
“The UK and Nigeria jointly occupy the third position with the deployment of four FPSOs each by 2025,” continued Ms. Rekha. “Both countries have one planned and three announced FPSOs, which are expected to be deployed during the outlook period.