FPSO Sector is Having a Tough Year, But the Future Appears Promising
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This article was originally published by E&P.
Despite being practical for deepwater developments, having versatile mooring systems and exhibiting ease in relocating to other fields, the current price environment has not left the FPSO market unscathed.
So far, only three contracts—approximately valued at a combined $1.5 billion—have been awarded in 2015, according to the energy consultancy Douglas-Westwood (DW).
"By comparison, in the first half of 2014 there were six...
