A total of 67 floating production, storage and offloading (FPSOs) vessels are expected to start operations globally by 2025, with Australia leading the Asia-Pacific region

According to GlobalData, a data and analytics company, globally, 67 planned and announced FPSOs are expected to start operations between 2019 and 2025. Of these, 26 are planned and 41 are announced.

South America will continue to dominate the global FPSO industry with planned deployment of 30 FPSOs, followed by Africa and Europe with 14 and six FPSOs, respectively by 2025.

Among countries, Brazil continues to lead in terms of deployment of planned and announced FPSOs, followed by Australia and Angola.

Brazil will continue to lead with 23 planned and announced FPSOs, followed by Australia and Angola with five FPSOs each. The Falkland Islands and Guyana have four and three FPSOs planning respectively for the period in question.

Among global operators, Petrobras, Modec Inc and Premier Oil Plc are expected to be the key operators for deployment of planned FPSOs by 2025.