After a poor 2020, FPSO awards are set to recover to seven vessels next year
After a poor 2020, FPSO awards are set to recover to seven vessels next year
Hit by the second industry downturn in five years, global awards for floating production, storage and offloading (FPSO) vessels will likely be limited to a single unit in 2020, Rystad Energy believes, as exploration and production firms slash budgets and activity. Similar to the previous downturn, awards are set to recover next year, with seven projects likely to be sanctioned.
Modec won the only contrac...