Floating Production Storage Offloading Units to be Deployed Offshore Brazil, an Industrial Info Market Brief

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With more than $23 billion in0investments for floating production storage and offloading (FPSO) units projects, Brazil leads the offshore market in Latin America. Santos Basin expects to receive 19 new FPSOs in the next coming years, followed by Campos Basin with five units, Sergipe/Alagoas Basin with three units, and Espírito Santo Basin with oe new project. Petroleos Brasileiros SA (Petrobras) led the count with 21 grassroot projects valued at $18 billion.

Big international players such as Shell (Sul Gato do Mato FPSO), Equinor (Bacalhau FPSO), BW offshore (Maromba FPSO), Karoon Energy (Neon FPSO) and ENAUTA (Atlanta FPSO) expect to receive capital approval for their offshore development plans before the end of this year. Click here for a list of grassroot FPSO projects in Brazil and see graph below for investment by company.