Ahead of the FPSO Brazil Congress 2024, we have put together an essential easy-to-digest guidebook to some of the biggest FPSO contractors. Understand more about their strengths and benefits, operational track records, execution models, and get in touch with their unique insights on the potentials of the industry
Ahead of the FPSO Brazil Congress 2024, leading energy research and business intelligence company Rystad Energy has published the market report “FPSO Market Challenges and Project Fundamentals in Brazil” The offshore upstream segment will play a significant role in meeting oil and gas demand for the coming years, which keeps the relevance of offshore rig vessels, subsea, floating production storage and offloading (FPSO), and other offshore service segments. After several years of decline, the offshore oil and gas industry is entering a new era of investment as of 2022. Offshore capital expenditure (capex) increased 15% in 2023 and is forecasted to grow 12% next year, achieving a level of $93 billion.
Find out who's attending the FPSO Brazil Congress 2024!
Attending companies include Petrobras, Chevron, Equinor, SBM Offshore, PetroNor, Yinson and many more.
The South American region is the global leader in the floating production, storage and offloading (FPSO) segment, both in terms of active platforms and future projects. There will be an average of four FPSOs commencing operations in the region annually over the next five years, driven by developments in Brazil and Guyana, accounting for about 42% of the total global projects involving this type of platform. More than 80% of South American projects that will start operations between 2024 and 2028 are in Brazil, mainly operated by Petrobras.
Download the Report to find out more about FPSO Projects in South America. Join the Upcoming FPSO Brazil Congress 2024 happening on 21 - 24 May as we explore project fundamentals with South America's Oil & Gas leaders.
Brazil is expected to achieve production of 7.7 billion barrels of crude oil in the pre-salt area in the period of 2023 – 2032, and daily production is expected to increase fourfold in the coming years. Both Oil and Gas Owners and FPSO Contractors are accelerating their expansion into pre-salt oil fields activities. This comes in addition to the 21 projects expected to take place in Brazil’s fields by 2026. At the same time, the industry continues its search for appropriate technology and tools to reduce carbon emission with the continued emphasis on greener operations to accomplish net-zero carbon emissions in the next 5 years. FPSO Brazil Congress is the focal point for industry leaders in the region to gather and explore best practices in optimizing project opportunities in this hotspot
Download our 2025 Sponsorship & Exhibition Guide to find out more about the opportunities that we have for you to be in front of South America's top FPSO and Oil & Gas leaders!
Check out our Post Show Report to find out the sessions that took place in FPSO Brazil Congress 2024, the profile of our attendees, as well as information on our return in 2025! The 2024 edition took place in Windsor Barra, Rio de Janeiro, Brazil as we brought in over 150+ leaders from South American's Top FPSO and Oil & Gas industry.