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Researched by Industrial Info Resources (Sugar Land, Texas)--As the demand for new energy sources increases globally, a significant amount of new offshore oil & gas processing infrastructure, such as floating production storage and offloading (FPSO), is being developed. Industrial Info is tracking 300 FPSO projects worldwide, worth US$110 billion.
Subscribers to the Global Market Intelligence (GMI) Project Database can click here for a full list of projects.
Industrial Info is tracking 170 FPSOs globally that are already operational, while a further 78 grassroot FPSOs are in the pipeline. A majority of the new development is being driven by expansions of operational facilities and grassroot facilities in South America (mainly Brazil) and Africa, together accounting for approximately 79% (US$87 billion) of the total spending.
Subscribers to the GMI Plant Database can click here to see a full list of the operational FPSOs and click here to see a list of the planned FPSOs.
Petrobras (NYSE:PBR) (Rio de Janeiro, Brazil) plans to spend US$16.6 billion for the development of grassroot FPSOs in the Buzios Field in Brazil, across Phase VI through Phase XII. Click here for related project reports.
Shell Nigeria Exploration and Production Company plans to invest about US$7 billion in the construction of offshore FPSO vessel facilities in Bonga and Zabazaba, each with a processing capacity of 150,000 barrels per day (BBL/d) of crude oil. Click here to read the project reports.
In Guyana, Esso Exploration and Production Guyana is investing about US$1.8 billion in the installation of an FPSO converted from a very large crude carrier (VLCC) tanker moored in the Yellowtail Field on the Guyana-Suriname Basin, with 250,000 BBL/d of processing capacity. Click here for the project report.
Nearly 62% of the projects in the pipeline are in the early planning stage, around 27% are under construction, and 11% are undergoing engineering. According to current estimates, 50 of the 78 planned facilities are expected to start operations by the end of 2026, with the rest expected to complete construction in 2027 through 2030.
Subscribers to the GMI project and plant databases can click here for a full list of detailed reports for projects mentioned in this article.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Subscribers to the Global Market Intelligence (GMI) Project Database can click here for a full list of projects.
Industrial Info is tracking 170 FPSOs globally that are already operational, while a further 78 grassroot FPSOs are in the pipeline. A majority of the new development is being driven by expansions of operational facilities and grassroot facilities in South America (mainly Brazil) and Africa, together accounting for approximately 79% (US$87 billion) of the total spending.
Subscribers to the GMI Plant Database can click here to see a full list of the operational FPSOs and click here to see a list of the planned FPSOs.
Petrobras (NYSE:PBR) (Rio de Janeiro, Brazil) plans to spend US$16.6 billion for the development of grassroot FPSOs in the Buzios Field in Brazil, across Phase VI through Phase XII. Click here for related project reports.
Shell Nigeria Exploration and Production Company plans to invest about US$7 billion in the construction of offshore FPSO vessel facilities in Bonga and Zabazaba, each with a processing capacity of 150,000 barrels per day (BBL/d) of crude oil. Click here to read the project reports.
In Guyana, Esso Exploration and Production Guyana is investing about US$1.8 billion in the installation of an FPSO converted from a very large crude carrier (VLCC) tanker moored in the Yellowtail Field on the Guyana-Suriname Basin, with 250,000 BBL/d of processing capacity. Click here for the project report.
Nearly 62% of the projects in the pipeline are in the early planning stage, around 27% are under construction, and 11% are undergoing engineering. According to current estimates, 50 of the 78 planned facilities are expected to start operations by the end of 2026, with the rest expected to complete construction in 2027 through 2030.
Subscribers to the GMI project and plant databases can click here for a full list of detailed reports for projects mentioned in this article.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
