The swollen number of orders felt in 2019 for floating production, storage and offloading vessels (FPSO) was, it turns out, well above the average number of yearly go-aheads seen in over the past 10 years, a new floater report says.
Oil prices and a rush to kickstart industry and national wealth in developing countries appears to be behind the rise, as contract counts continue a rebound from the doldrums of 2014-2016. Africa and South America lead the way in numbers of new orders, the report notes, including a new go-ahead by Equinor for a Brazilian FPSO from Japanese contractor Modec.
Brazil Energy Insight 
Leave a comment