Floater market set for $83 billion injection

摘要

THE global floating production system (FPS) sector is set for a significant capital investment increase over the next five years, jumping to $83 billion by 2025, according to one energy consultancy that sees the Brazilian market as the main driving force. Addressing delegates at the 7th FPSO & FLNG & FSRU Global Summit held by CDMC in Shanghai late last month, Xu Yun, senior analyst of Energy Maritime Associates (EMA), said that Brazil will lead the way in floating production, storage and offloading vessels spending, with capital investment reaching $34 billion by 2025. Brazil will be followed by Africa with $16 billion, mostly for FPSOs and floating liquefied natural gas vessels, she added.