33 FPSOs to be sanctioned to 2021, predicts Rystad

Premier Oil's Catcher FPSO, which has seen record production levels.
Premier Oil's Catcher FPSO

A total of 33 floating production, storage and offloading (FPSO) vessels will be sanctioned between now and 2021, according to a new analyst forecast.

Rystad Energy reports that 15 of the FPSOs will require production capacity of more than 80,000 barrels per day.

It comes as new developments in Guyana and Brazil are stepped up by operators such as Exxon, Petrobras and Equinor.

Rystad

It comes after Rystad predicted at the end of last year that the global FPSO market was set for a “rebound”.

Within the UKCS, Rystad has named Bridge Petroleum’s Galapagos development and Siccar Point’s Cambo as projects to keep an eye on.

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