Following a disruptive year, Oil prices begun to stabilise and continually rise, bringing more confidence in project stakeholders. FPSO projects continue to be developed with new tenders on the table and new solutions to be explored. With this in mind, we asked our industry partners and solution providers in the FPSO space more about market shifts, investment priorities and opportunities outlook. In this report, we look at who they want to target within the industry, where the growth regions are and what challenges continue to lie ahead.

The key challenge in 2022 for many FPSO operators will centre around maintenance and cost reduction strategies. Issues relating to reliability and management of key production assets in addition to Health, Safety, Security and Environment (HSSE)are just some of the things that must be dealt with while ensuring cost concerns are adequately addressed.

To gain insights on the matter, we spoke to three experts whose experience in FPSO operational strategies have been instrumental in them successfully navigating the current unpredictable landscape.

Download this exclusive article to learn more.

From 12-15 September 2022, the FPSO World Congress 2022 was held at the Sands Expo & Convention Centre in Singapore.

Over 350 international attendees from Oil & Gas Producers, EPCs, Solution Providers and industry leaders gathered to discuss the industry's transformative roadmap to sustainability and renewable energy.

Download the Post Show Report to see:

• Key highlights of the event including Thought Leadership sessions and Panel Discussions
• Attendee profile breakdown including their job functions and geography
• A preview of the 2023 edition and what you can expect at the world's leading FPSO-focused conference

So download the report now to check out the exciting content!

Meet the FPSO World Congress 2023 Advisory Board Members!

Ahead of the FPSO World Congress 2023, leading energy research and business intelligence company Rystad Energy has published the 2023 FPSO Market Trend Report titled “FPSO Construction during Supply Chain Disruptions”.

In offshore oil and gas industry applications, Floating Production Storage and Offloading (FPSO) vessels are typically equipped with processing equipment that helps separate, store and offload crude oil and gas extracted from subsea oil wells and platforms. FPSO vessels make use of processing equipment installed above the vessel's deck, known in the industry as topside. One of the solutions to achieving power/torque density in Naval and Aviation applications involve micro-grids operating at a higher-than-normal commercial frequency. This is an alternative that has a proven field record and is a potential option for overcoming space constraints in future FPSO designs. 

The authors from GE Power Conversion will first illustrate critical quality requirements for the considered application along with areas considered beyond the scope of this paper. This paper will then look at three current configurations before moving to the proposed solution and presenting the conclusions that were reached

FPSO Network has 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

Check out the highlights of the exciting things that happened in FPSO World Congress 2023! Attended by over 450 delegates, the stage explored key issues around ESG and sustainability practices in evolving FPSO projects and streamlining operations to drive FPSO projects on-time and on-budget to optimise market opportunities. Alongside the congress, we are proud to introduce World Offshore Week which covered exciting offshore industry hot topics as well. Download our post show report to see what went on during the event!

Check out the highlights of the exciting things that happened in FPSO World Congress 2023! Attended by over 450 delegates, the stage explored key issues around ESG and sustainability practices in evolving FPSO projects and streamlining operations to drive FPSO projects on-time and on-budget to optimise market opportunities. Alongside the congress, we are proud to introduce World Offshore Week which covered exciting offshore industry hot topics as well. Download our post show report to see what went on during the event!

As the world continues its recovery from the effects laid down by the pandemic, there is an increase in demand for energy and projects across the Oil & Gas sector. Consequentially, more than 50 FPSO projects has been planned to take place within the next 5 years.

FPSO Network has put together an overview of the ongoing projects in the world as well as the upcoming projects that have been planned. Understand more about each region’s activities and the potential of the oil & gas industry.

Explore the Projects that are currently ongoing in EMEA, Africa, and South America!

Download the FPSO World Congress 2024 Sponsorship & Exhibition Guide to see:

• What's happening at 2024's flagship FPSO World Congress conference
• An Attendee Overview covering the job profiles that will be participating
• Exclusive Sponsorship opportunities including Foundation Partner, Thought Leadership and Branding packages

Twenty-five years ago, we launched FPSO World Congress to connect the offshore oil & gas industry together. Our aim was to bring together key stakeholders involved in FSO / FPSO / FLNG / FSRU projects around the world. Since then, the congress has established itself as the bridge between floating vessel operators, oil & gas producers, and offshore solution providers as we welcomed over thousands of delegates from countries all over the world. It is an enormous privilege to reach this milestone – and we haven’t done it alone.

FPSO World Congress is what it is today because of our community: our network, our partners, and most importantly, all our supportive partners and delegates like yourself who challenge us to keep innovating. As we are celebrating our 25th anniversary this year, we are also celebrating 25 years of your commitment and support. It’s a cycle that has repeated itself at FPSO World Congress over the last decade. Be it exploring engineering practices, refining remote and digital operations, or shaping the future of alternative energy — each chapter of our story has been co-authored by you

Expenditure in offshore upstream projects has increased in recent years. However, 2023 closed with fewer approvals for FPSO projects than expected. High interest rates and full contractor backlogs proved hurdles for the market. Investment forecast for the next five years proves to be promising as FPSO growth is estimated to increase by 40% compared to the previous period. 

Check out the report put together by Rystad Energy on FPSO Supply Chain Strategies.

We've compiled a list of confirmed participants for the FPSO World Congress 2024.

This includes all participating companies and job functions who will be in attendance.

Download the full list to see who you can rub shoulders with at the conference!

With information provided by IHS Markit, we have produced a region by region view on the FPSO projects around the world that are currently under construction and a few that are in the planned phase. Download now to see the how the FPSO market is shaping up in Asia Pacific, Central and South America and Europe, Africa and the Middle East