According to World Energy Reports (WER) 220 floating production storage and offloading vessels (FPSOs) are now in operation, on order, or available.
They account for 68% of the total oil/gas production floater inventory.
More than 90% of FPSOs now in service are located in six major regions. Brazil accounts for 29%, West Africa 24%, SE Asia 15%, Northern Europe 13%, China 7%, and Australia 5%.
The remaining 7% are spread over the Gulf of Mexico, Eastern Canada, SW Asia, and the Mediterranean.
Petrobras has 49 FPSOs under its control – 22% of the FPSO inventory. Other major field operators utilizing FPSOs are CNOOC (13 units), ExxonMobil (12), Total (9) and Shell (8).
Major FPSO contractors are SBM, Modec, and BW Offshore. These three companies control 22% of the FPSO inventory.
The number of FPSOs in operation or available for deployment has grown by 26% over the past 10 years – from 159 units at end-2011 to 200 units at end-2020.
Taking into account units on order for delivery this year less FPSO removals in 2021 due to anticipated field closures, expecting FPSOs in service or available to number between 196 and 200 units at end-2021.