According to a GlobalData report, South America will have the largest number of planned units of floating production storage and unloading (FPSOs) up to 2020, with 21 of the expected total of 50.
The start of some of the FPSOs is expected to be delayed due to the reduction of capital expenditures. Since July 2016, 18 of the 50 new FPSOs have been postponed and an FPSO has been paralyzed. No new FPSO has been announced or cancelled since July 2016.
In terms of implementation, it is expected that Brazil has the largest number of FPSO planned up to 2020 in 19, followed by the United Kingdom, Angola and Nigeria with seven, five and four, respectively.
The largest FPSO operator in the world up to 2020 will be Petrobrás, operating 15 FPSOs in Brazil, followed by Royal Dutch Shell and Bumi Armada Offshore Holdings operating three and two FPSOs, respectively.
In a continental analysis, Africa will globally lead the deployment of FPSOs up to 2020, while Angola and Nigeria are deploying five and four FPSOs, respectively. In Europe, the UK will lead the region with the deployment of seven new FPSOs up to 2020 and Norway with two new FPSOs.
Five and two planned FPSO are expected to be deployed, respectively, in Asia and North America up to 2020. In the Middle East and Oceania, one and two new FPSOs, respectively, should commence operations.