PETALING JAYA: Yinson Holdings Bhd
is expected to be a key beneficiary of the floating production, storage and offloading (FPSO) vessel macro upcycle, driven by rising deepwater and ultra-deepwater oil production, with industry projections pointing to 64 FPSO awards between 2025 and 2030.
Maybank Investment Bank Research (Maybank IB) said it sees bright spots in the global FPSO market as Rystad Energy estimates that deepwater (125m to 1,500m) and ultra-deepwater (more than 1,500m) will spearhead offshore liquids production growth at an estimated compound annual growth rate of 2.2% and 8% each from 2024 to 2030.
