4 - 5 September 2018 |
Marina Bay Sands, Singapore, Singapore

Media Center

Download the 2017 Agenda

Now in its 18th year, FPSO World Congress will continue to focus on available market opportunities globally and address any pertinent issues as the industry begins its road to recovery. 

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FPSO World Congress 2016 Post Show Report

The FPSO World Congress was more focused than ever in 2016. It’s no secret that the current market climate has deeply affected the FPSO industry, and all 450 attendees this year were highly invested, senior stakeholders from oil companies, FPSO contractors, EPCs, financiers, legal firms and solution providers aiming to engage in meaningful, solution-oriented discussions on finding opportunity ahead.

For more information on what happened at the 2016 FPSO World Congress, download the Post Show Report.  

Articles

Delivering Cost Effective FPSOs in Current Oil Price Market

Delivering Cost Effective FPSOs in Current Oil Price Market outlines some practical approaches to take.


Sponsorship Information

Profiling Report: The FPSO Market in 2016-2017

To discover what the key FPSO industry players are planning over the short to mid-term, we have compiled the findings from our latest survey conducted with the attendees of our upcoming event, the 17th Annual FPSO World Congress 2016. The following graphs provide insights into the top challenges faced by the industry amid low oil prices, the market outlook for 2016-2017 and investment priorities for some of the biggest companies operating in the industry.

Articles

What Makes FPSO Redeployments so Difficult (And How to Fix Them)

FPSO redeployments are one of the key features that make FPSOs cost effective solutions for field developments, however this strength has been undermined by a growth in inefficiency. Whilst the market for redeployable FPSOs is potentially huge, the industry needs to work together and learn how to make FPSO redeployments cost-effective again. Download this article to learn how.

Profiling Report: The FPSO Market in 2016/2017

To discover what the key FPSO industry players are planning over the short to mid-term, we have compiled the findings from our latest survey conducted with the attendees of our upcoming event, the 17th Annual FPSO World Congress 2016. The following graphs provide insights into the top challenges faced by the industry amid low oil prices, the market outlook for 2016-2017 and investment priorities for some of the biggest companies operating in the industry.

The Short and Long Term Impacts of The Low Oil Price Environment On FPSO Contractors

Compared to just one year ago, oil prices have plummeted more than fifty percent, which is pressuring both FPSO contractors and end users to focus on reducing capex and implement cost cutting measures. However the effects of the low oil price on the industry are far greater than they may first appear, particularly for contractors, having repercussions through every part of the business from contracting, to operations and even talent.

Where Is Value Won Or Lost For FPSO Owners and Investors?

• What does the economic value of an FPSO project looks like for the FPSO owner and the oil & gas client?
• What are the main parameters / risks for both parties?
• What is the impact of financing / leverage?
• What is the impact of low oil prices?
• What is the best compromise?

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FPSO Executive Summary

The dip in oil prices that has plagued the oil and gas industry in the past 24 months has not spared the floating production, storage and offloading (FPSO) sector. The “bankability” of FPSO projects, those whose parameters fall in line with the expectations of financing institutions, is of crucial import at a time when potential financiers are looking to limit their exposure to a business that is in the trough of a wave. In this analysis, we ask a panel of experts from the financial part of the industry what they think would best advance the bankability of an FPSO project in such an adverse climate.

FPSO Industry Report

FPSO MARKET IN 2016 AND 2017. 2016 was an unprecedented year with no FPSO order. The last time this happened was 24 years ago. However, history suggests that the following year will see new orders. 2 FPSO orders already in 2017- Ophir’s- MTC Engineering and Repsol’s Ca Rong Do project.The rest of projects are going to be driven by larger oil companies- 5 projects on the horizon.Sepia FPSO project has a lower break even than Libra.7 FPSO orders expected in 2017. Everyone is bracing themselves for slow recovery in tandem with oil prices.

The FPSO Debate

Is FPSO contracting a viable business? What needs to change to make it more attractive? How can we make the change happen soon?

Re-Examining Contracting & Financing Models

Describe the general feel of the market at the moment?What sort of opportunities do you see coming up on the horizon from an oil operator’s perspective?What sort of opportunities do you see coming up on the horizon from a financier’s perspective?In the last 12 months- Is there anything that has changed to make projects more viable?

2017 State of the FPSO Nation Report

After the lowest number of awards in three decades, the floating solutions industry is striking back against the oil price depression. In this exclusive 14-page report created in conjuction with the FPSO Network and Oil & Gas IQ's combined 170,000 subscriber base, we have reached out to the FPSO community to define some the key areas and pain points that need to be tackled if the sector is to win in the current oil price environment. Covering everything from the top three reasons for overruns to the primary drivers for technology selection and focus areas for improvement, the widest-reaching analysis of its kind is a must-read to understand the most pressing issues for those on both sides of the operator and contractor divide.

FPSO World Congress Delegate List

Still deciding if you should attend FPSO World Congress 2017? Download the delegate list for a sneak peek at this year's participants!

Infographics

Upcoming FPSO Project Awards 2016–2018

While the low oil price has put the brakes on many FPSO projects, some developments are still moving ahead. To provide a look into the future, this map represents the projects most likely to be awarded globally between 2016–2018.

FPSOs Through the Ages: The FPSO Development Timeline

This infographic outlines the origins of the FPSO industry and its development over the years, charting the peaks and troughs of the market environment. Although the market is slow at present, as this look back at the history shows, this is certainly not the first market downturn to affect the industry and the popularity of FPSOs will rise again.

Video

Low Oil Prices, FPSO Capex and the Application of Value Engineering

In this presentation, KC Gupta, Project Manager of Special Projects at Bumi Armada Berhad, outlines the causes and factors for cost and schedule increases, as well as several strategies to avoid them.

Challenges in Redeploying FPSOs

In this presentation, Jon Dunstan, Chief Executive Officer of EMAS Production, provides a thorough description the technical and commercial challenges of FPSO redeployment.

Driving Down CAPEX and OPEX for FPSOs

In this interview, Jesus M Pacheco, Executive Vice President for New Equipment Worldwide at Dresser-Rand explains how optimal FPSO design can drive down CAPEX and OPEX for FPSOs. His recommendations are to rationalise design specifications and explore more compact equipment for power generation.

Efficiency is Key for FPSO Industry - Interview with Hassan Basma

In this interview,  Hassan Basma of HBA Offshore, gives a very detailed overview of the state of the FPSO industry. Due to geopolitical changes and the rise of shale oil, the FPSO industry must go through some difficult changes to restructure and become efficient.

FPSO Industry Needs Fundamental Change - Interview with Puneet Sharma

In this interview,  Puneet Sharma, VP, Atlantic FPSO Development Group at MODEC, provides a bleak outlook for the FPSO industry in its current form. Due to a lack of trust between stakeholders and an inability to adapt, companies are struggling to survive in the current low oil price environment.

Stones Project Update: Achieving First Oil & Development Opportunities [Part 1/2]

In this presentation, Curtis Lohr gives a project update on Stones FPSO. 
This presentation took place in September 2016 at the FPSO World Congress 2016.
This video is the first of two parts. 

FPSO World Congress 2016 Highlights Video

A very big thank you for continuing to choose the FPSO World Congress as your definitive platform for industry dialogue! If you missed out on FPSO World Congress 2016, watch this video to learn more about the highlights of the Congress!

FPSO World Congress 2016 Opening Video

If you missed our FPSO World congress last year, watch our highlights video to get a feel of what’s it like to be onsite at the world’s largest FPSO World Congress!

Presentations

Pitfalls throughout an FPSO Project Lifecycle: How can We Streamline Execution?

This presentation explores why are so many FPSO projects are late and over budget. It goes into detail about the nature of the project lifecycle, giving examples of effective organisation management, success factors and the importance of effective communication.

Stones FPSO: Construction Update & Strategies Enhancing FPSO Performance and Safety

This presentation provides many useful infographs about the increasing complexity of deepwater projects, as well as lots of high resolution images of the Stones FPSO which is currently in development.

The Sea Lion Complex Development

This presentation gives lots of details about the Sea Lion Complex reservoirs, the commercial challenges and the FPSO project execution strategy.

Market Trends Energy Demand & Supply

Download this information rich presentation by Jeff Knox, Project Manager TEN Development FPSO at MODEC to discover: short and long-term outlooks for future FPSOs demand, global offshore drill rig and human capital supply & demand, additional factors influencing deep-water projects and how the industry can compete against other sources of energy?

Event Materials

FPSO World Congress sponsorship prospectus

If you’re involved in the FPSO sector, the FPSO Congress is the definitive show that will connect you with your key clients. Gain critical market insights, network with your peers and/or position your solutions and services in front of your potential clients. At the FPSO World Congress, we live up to our promises and over-deliver to ensure that you have a memorable and enjoyable experience each year. 


Sponsorship Information

Download FPSO World Congress 2016 Post Show Report

The FPSO World Congress was more focused than ever in 2016. It’s no secret that the current market climate has deeply affected the FPSO industry, and all 450 attendees this year were highly invested, senior stakeholders from oil companies, FPSO contractors, EPCs, financiers, legal firms and solution providers aiming to engage in meaningful, solution-oriented discussions on finding opportunity ahead.

For more information on what happened at the 2016 FPSO World Congress, download the Post Show Report.