Norwegian oil and gas intelligence firm Rystad Energy expects 33 floating, production storage and offloading (FPSO) vessels to be sanctioned from 2019 to 2021 as oil and gas activity picks up in the offshore sector.
Rystad said last Friday that, of the 33 FPSOs, 15 would require a production capacity above 80,000 barrels per day.
The Norwegian energy intelligence group said the high capacity demand would come mainly from the developments in Guyana and Brazil where operators such as ExxonMobil, Equinor, and Petrobras are stepping up their deepwater production.
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