General – FPSO Prospects
Dutch floater specialist SBM Offshore expects sustained demand for large, complex floating production vessels and has identified at least 16 floating production, storage and offloading (FPSO) prospects over the next three years.
This information was revealed during the company’s full-year earnings for 2025, which were released on 26 February.
Chief Executive Officer Øivind Tangen said: ‘For the next three years, we see at least 16 FPSO prospects aligned with the company’s expertise in large and complex FPSOs, including projects requiring high gas handling capacity.’
SBM Offshore says it is well positioned in what it describes as a robust deepwater market, with opportunities on both sides of the Atlantic.
The company is currently progressing three major projects: FPSO Jaguar for ExxonMobil in Guyana, FPSO GranMorgu for TotalEnergies in Suriname and FPSO Chalchi for Woodside in the Gulf of Mexico.
Two additional Fast4Ward multipurpose floaters are under construction to support its tendering pipeline, with options for further hulls available at three shipyards.
The fleet increased to 16 FPSOs in 2025, with three units becoming operational within six months. Total daily production reached almost two million barrels of oil equivalent by the end of the year.
