Page 2: of Offshore Engineer Magazine (Jan/Feb 2020)
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JANUARY/FEBRUARY 2020
WWW.OEDIGITAL.COM
VOL. 45 / NO. 1
FEATURES 34
Source: SBM 32
FPSOs: The New Business Model
As 2020 begins, there are 21 FPSOs on order. Driven by a decent price for oil, this buoyant market is kept strong by new players, new business models and the now solid realization that FPSOs can cost less than new, jacketed oil? eld development.
By William Stoichevski on the cover: The market for FPSOs is strong and growing. Séverine Baudic, SBM Offshore’s Managing Director for Floating
Production Solutions, discusses market drivers and SBM’s standardized Fast4Ward offering. Source: SBM 2 OFFSHORE ENGINEER OEDIGITAL.COM