Page 22: of Maritime Reporter Magazine (February 2023)

FPSO MARKET UPDATE

FLOATING PRODUCTION:

OPPORTUNITIES … & CHALLENGES … ABOUND

Copyright Julian/AdobeStock

Nothing inspires con? dence in the energy markets like a high price per barrel, and a rebound to the $80-$100 range following six years in the doldrums is welcome news for the ? oating production sector, which are deep water, long-term, and expensive projects. 2022 was a banner year for the Floating Production sector, and ’23 is shaping up even better, with IMA/WER projecting orders for 9 to 11 FPSOs, a few FLNGs and a handful of

FSRUs, too. But while prospects are bright, a number of hurdles – from a dearth of quali? ed contractors to the energy transition to heightened environmental regulation – could put the sector back on ice.

By Greg Trauthwein 22 Maritime Reporter & Engineering News • February 2023

MR #2 (18-33).indd 22 2/1/2023 3:32:23 PM