South America continues to dominate the global floating production storage and offloading (FPSO) market, awarding nearly half of all global floater contracts in the last five years. Despite the rise in refurbished, relocated and reused FPSOs since early 2022, the region continues to favor the deployment of newbuild units, especially for large-scale projects in Brazil’s ultra-deepwater pre-salt polygon and offshore developments in Guyana. View the report to find out more
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