The oil and gas industry was greatly hit in 2020 with the global pandemic and oil price war, and companies had to inevitably take a step back. However, as the oil price slowly stabilised over the past few months and the industry adapts to new working environments, we are starting to see projects coming back to the table and moving along the pipeline. Industry leaders predict that while there was a slowdown in 2020, postponed projects and plans are expected to cause total FIDs to double in 2021 and exceed pre-pandemic levels in 2022.

At the same time, the renewed emphasis on the global energy transition and low carbon footprint will have impact on the industry’s traditional market structures, supply chain, operations and more. How will the increased spotlight on carbon emissions impact the FPSO industry? How can FPSO market leaders re-position and adapt to remain relevant in these market conditions? How can the industry value chain work together to ensure project commerciality while meeting ESG targets at the same time?

Returning on 6 – 9 September 2021, the FPSO World Congress – Hybrid Edition remains the focal point for industry players from all the regions to understand how FPSOs can remain relevant alongside the energy transition, harness innovation and digitisation tools, explore upcoming FPSO investment opportunities and more.