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Your Weekly Update: 28 October - 1 November 2019


  • As global deepwater activity regains favour, with blockbuster discoveries such as Guyana's Liza discovery in 2015, the need for versatile FPSOs that can go where new oil is has been rising.
  • Brazil, through Petrobras, is already the world's largest operator of FPSOs, with almost 50 vessels plying the deep Atlantic waters off its vast coast.
  • Looking further ahead, Petrobras has also hinted that it may return to its older strategy of commissioning and owning its own FPSO vessels, instead of using chartered units as it sees the market for leased units shifting in power balance.



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