30 FPSOs to become available by end of 2022

Market research provider and consultancy Westwood Global Energy Group has estimated that 30 floating, production, supply, and offloading (FPSO) vessels will become available by the end of 2022.

A new analysis from Westwood Global Energy Group revealed that the number of FPSO leases set to expire in 2022 is significantly higher than the yearly average of around 3 since 2015, with the potential of 30 units becoming available by end of 2022.

Westwood’s Global Floating Production Systems report notes under a scenario where no contract extensions are taken on current leased FPSOs, 14 additional units would become available in 2022.

IamFire plc (AQSE:FIRE) is an Investment Issuer Listed on the AQSE Growth Market Exchange. The company has an investment strategy focused on the identification of opportunities in Life Sciences, Technology & Natural Resources.

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