August 2023 Monthly Floating Production Systems Report

August 28, 2023

Strong oil demand and constrained supply have been providing support for $80+ crude prices. The list of floater projects in the near-term planning stage remains very strong, with thirty-four floater projects lined up for an investment decision within the next 18 months, assuming supply chain tightness and financing access does not limit the pace of awards. ExxonMobil in August filed the development plan to proceed with its sixth FPSO project offshore Guyana, Shell signed an LOI with Seatrium to build the Sparta FPU, ENI contracted to convert a drill rig to a production semi and Delfin began the engineering phase of its FLNG project in the GOM.

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