Five-year Floater Forecast Buoyant: Report

Orders for floating production vessels, their variants and, by default, a lot of “EPCI” are expected to be higher over the next four years than believed at the end of 2018, says an analysis of business drivers done in November by numbers cruncher, World Energy Reports.

With over 200 planning-stage projects contemplating a floating production system of some type, there’s much at stake for the supply chain. In their 95-page report, Floating Production Systems, WER authors suggest at least 50 floating production storage and offloading vessels, or FPSOs, and six FLNG vessels will be ordered through to 2024.

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