Offshore Activity

Brazil Continues to Dominate the FPSO Market with Most Planned Project Starts

A total of 54 FPSOs are expected to start operations globally by 2021. South America will continue to lead globally with planned deployment of more than 20 FPSOs, followed by Africa and Asia by 2021. Among countries Brazil continues to dominate in terms of deployment of planned FPSOs, followed by the UK and Angola. Petróleo Brasileiro S.A. and Royal Dutch Shell Plc and Saipem S.p.A are expected to be key global players among operators with the highest deployment of the planned FPSOs by 2021.

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