Up to 30 FPSOs to be awarded

Potential contracts: UOB Kay Hian Research likes Yinson’s long-term potential, being a major beneficiary of FPSO bids globally.

THE global floating production storage and offloading (FPSO) demand looks promising, with new potential floating production requirements and progressing developments in projects coming on board.

According to an industry source, it is estimated that 30 FPSO projects could arrive at the final investment decision stage next year, resulting in more contract awards.