Westwood: FPS contract awards to rebound to $13bn annually from 2021-24
Westwood: FPS contract awards to rebound to $13bn annually from 2021-24
Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy, has released research estimating FPS contract awards will rebound to $13bn annually from 2021-24, underpinned by an anticipated average oil price of $60/bbl from 2022.
In the short-term, Westwood expects FPS engineering, procurement and construction (EPC) contract awards to reach a total of just over $5bn 2020 &nda...