"The resilient FPSO industry has seemingly brushed off the impact of the pandemic as Oil prices continue rising and FPSO projects return to the table. According to industry reports, FPSO investments are projected to reach $67-billion by 2025, with 20 projects expected to be awarded by the end of 2022. This comes alongside a shift in focus on renewable energy, the energy transition and achieving sustainability in projects.
The dynamics have shifted. The focus on sustainability has become essential, and FPSO owners need to further solidify their position in an evolving industry. This rising pressure to ensure sustainability in projects and renewed focus have forced FPSO project stakeholders to re-evaluate existing processes in building “green FPSOs”, explore alternative power sources and invest in new technologies to optimise operational safety and costs.
FPSO World Congress 2022 remains the focal point for industry players to gather and explore best practices in strengthening the future of FPSOs along the industry’s transformative roadmap to sustainability and renewable energy." (FPSO Network, 2022)