The Africa FPSO Market Outlook


From Nigeria to Senegal, Africa is proving itself to be a fast-developing FPSO market, with notable projects in 10 countries — and this number looks set to rise.

Already, the continent is home to the world’s largest FPSO, Egina, which was developed in Nigeria by Total Upstream Nigeria, in conjunction with CNOOC, Petrobras and Sapetro. Such developments are expected to continue throughout Africa, with a growing number of companies exploring unchartered territory in new destinations.

Thanks largely to support from governments and investors, as well as the consistency of natural water and wind movement, Africa provides a conducive environment for new FPSO projects to take root. Furthermore, FPSOs have taken advantage of digitisation to accelerate their progress, making sustainable success a reality for an increasing number of oil and gas companies.

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