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. 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.

As the industry navigates the complexities of the global COVID-19 pandemic and volatile oil prices, the global FPSO community has to be prepared for a new era of project execution, management, development and operations in the near future. It is ever more critical now for the FPSO industry to continuously evolve business models and tap into innovations to strengthen FPSO project commerciality, construction and operational excellence.

The FPSO World Congress 2021 is the focal point for industry players from all the regions to assess upcoming FPSO investment opportunities, the latest technology innovations and engineering breakthroughs plus operations excellence across the FPSO project lifecycle.