Q2 2024 sees return of significant FPSO orders with $12Bn

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Click on the top to follow us (WO) - After a year without a significant FPSO order, three units have been ordered since Q2 2024. A $8.16 billion EPC contract has been awarded from Petrobras to Seatrium for the P 84 (Atapu 2) & P 85 (Sepia 2) FPSOs. Seatrium was the only bidder after COOEC withdrew its proposal for the P 84 FPSO. A $3.7 Billion order was awarded to Saipem to provide and operate an FPSO as well as the SURF package for Total’s Kaminho project in Angola. In addition, SBM announced that TotalEnergies had reserved a Fast4Ward hull for the Block 58 development offshore Suriname and will allocate the hull ordered in March 2023 at CMHI (China Merchants Heavy Industry). FID is expected in Q4 2024, with first oil in 2028. The FPSO is expected to have processing capacity of around 200,000 bpd. Following their model of having one available FPSO hull at all times, SBM ordered another unit from CMHI and has two slots available with CSSC-SWS in 2025. Additional floating producti ………………………………