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production capacity, and since startup, she has achieved an

Drilling down to FPSO yards uptime of over 99.5%.”

Chinese yards are currently forecast to build or convert two thirds of

What we are seeing in the market is a steady increase declared FPSOs in 2020-2030. Singapore is a far second place with ~15% share and the UAE in third place with ~8%.

in size and complexity, says Glenn. “In 2015, topsides typically weighed around 20,000 tons, we’re now look- ing typically at 45,000 tons. That’s typically the result of increasing capacity requirements. These assets are around 200,000 barrels of oil per day and about 400 million cubic feet of gas handling a day. In addition, we now have efforts to reduce carbon intensity which brings additional technology onto these assets, driving up topside weight.”

This means more newbuild FPSOs, and more oppor- tunities for Fast4Ward. It’s a trend Glenn sees continuing with the increase in oil and gas developments off South

America and West Africa. These regions have very deep water, very large and very productive reserves, and that

Source: Intelatus Global Partners productivity brings a lower carbon intensity and lower costs per barrel for developers. march/april 2025 OFFSHORE ENGINEER 39