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Petrobras Will Continue To Dominate Global FPSO Deployment In The Next Five Years

Written by Paulo Nogueira
Published on 24/10/2019 at 11:46
Updated on 24/10/2019 at 11:48
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Petrobras And Brazil Will Continue To Dominate Global FPSO Deployment In The Next Five Years, Reported Data And Analytics Company GlobalData.

According To GlobalData, Petrobras Is Expected To Deploy Six FPSOs Planned And Nine Announced By 2025. GlobalData States That During The Period 2019-2025, The Year 2023 Will Witness The Highest Number Of FPSOs Deployed. Yesterday, The State-Owned PPSA Announced It Wants To Hire Petrobras To Market Oil From The Union.

Adithya Rekha, Oil And Gas Analyst At GlobalData, Explains: “Petrobras Is Expected To Add A Total Crude Oil Production Capacity Of 1.5 Million Barrels Per Day Through Its Upcoming FPSOs By 2025. Among The Upcoming FPSOs Operated By Petrobras, Mero 3 And Mero 4 Will Have The Largest Crude Oil Production Capacity.”

GlobalData Expects Modec To Follow Petrobras In The Number Of FPSO Deployments, With Four FPSOs By 2025.

According To Rekha, In The Period 2019-2025, SBM Offshore Will Hold The Third Position With The Operation Of Three Planned FPSOs By 2025.

21 FPSOs For Brazil By 2025

In The Expected FPSO Deployments By Country For The Same Period, Brazil Is Set To Maintain First Place, With 21 FPSOs Planned And Announced During The 2019 To 2025 Forecast Period.

The Company’s Report, “Q4 2019 Global FPSO Industry Outlook – South America Spearheads Global FPSO Deployments”, Reveals That Brazil Is Expected To Deploy A Total Of 11 Planned FPSOs And Ten Announced By 2025. The Expected Crude Oil Production Capacity Of These Upcoming FPSOs Is 2.5 Million Barrels Per Day During The Forecast Period.

Adithya Rekha, Oil And Gas Analyst At GlobalData, Explains: “In Brazil, FPSOs Are Being Deployed To Develop Hydrocarbons In The Santos And Campos Basins.”

Angola Is Expected To Deploy The Second Largest Number Of FPSOs Globally, With Five Planned By 2025. All Upcoming FPSOs In The Country Are Announced Projects. Sonangol P&P And Cabinda Gulf Oil Company Lead In Terms Of The Number Of Deployments In The Country With Two FPSOs Each, While BP Angola Will Operate The Remaining FPSO.

Rekha Concludes: “The United Kingdom And Nigeria Share The Third Position With The Deployment Of Four FPSOs Each By 2025. Both Countries Have One Planned And Three Announced FPSOs, Which Are Expected To Be Deployed During The Forecast Period.”

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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

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