Jo Friedmann is a Senior Analyst on the Rystad Energy Oilfield Service team and he specializes in the global offshore rig and oil service market. He holds a Master’s degree in Economic Analysis with Research Distinction from the Norwegian School of Economics, including exchange programs at Yonsei University, the University of Melbourne and a one-year programme in Mathematical Sciences from the Norwegian University of Science and Technology. Jo has been working at Rystad Energy’s corporate headquarters in Oslo before joining the company’s Singapore office.
Rather than investing in brand new FPSOs for marginal or brown fields, oil operators have successfully refurbished existing FPSOs and redeployed them accordingly. In this dynamic oil price climate, can redeployment be used as an alternative means to advance FPSO projects? However, the question of redeployment is not as easy as it may appear, and could require extensive modifications which impact project timelines and project commercials