FPSO and Shipbuilding Projects in 2025: A Global Outlook

As we approach 2025, Floating Production Storage and Offloading (FPSO) units and shipbuilding projects are set to play a pivotal role in offshore oil and gas production, as well as maritime innovation. Driven by growing energy demand, technological advancements, and sustainability efforts, FPSO and shipbuilding sectors are evolving rapidly. Here’s a look at the key trends and developments in these industries globally:

FPSO Projects in 2025: Key Global Developments

FPSOs are central to deepwater oil and gas production, where traditional fixed platforms are impractical. With continued investment in the offshore sector, several FPSO projects are expected to shape the landscape by 2025:

Brazil:
- Brazil remains a key player in the FPSO market, with Petrobras continuing to deploy FPSOs in the Pre-Salt Campos and Santos Basin. The country will see multiple new units, including the Guanabara MV31 FPSO, which is working in the Mero field. It can process 180,000 barrels of oil daily and store 1.4 million barrels of crude. Petrobras leases it on a 22-year charter.
- Yinson’s 2 FPSO (Anna Nery, Maria Quiteria) will also see continued growth in Brazil’s offshore oil production. RAAH has been instrumental in source and supply as a potential supplier for major category products and consumables during both these FPSO build projects.
- Atlanta FPSO (formerly OSX-2) has achieved first oil production as of December 31, 2024. Fully owned by Yinson Production, the FPSO has a production capacity of 50,000 barrels per day and a storage capacity of 1.2 million barrels of crude. This marks a significant milestone in Brava Energia’s Atlanta field offshore Brazil.

Nigeria:
- Nigeria continues to see major FPSO projects, with TotalEnergies’ Egina FPSO, the largest in the world by capacity, playing a central role in increasing Nigeria’s oil production and industrial development. Located in the Egina oil field, 130 km off the Nigerian coast, it sits at depths of over 1500 meters.
- Other FPSOs such as those in the Bonga and Erha fields, operated by Shell Nigeria and Chevron, are improving extraction capacities in the Gulf of Guinea.

Angola:
- Angola rich in FPSO activity with projects like Kaombo for Saipem and Olombendo FPSO for Bumi Armada, RAAH continues to collaborate with both Saipem and Bumi Armada for the supply of major category components for these active projects.
- Yinson’s Agogo FPSO is the first to pilot the offshore carbon capture and storage (CCS) system, showcasing advancements in emissions reduction.
- Girassol FPSO, operating offshore Luanda, has one of the biggest storage capacity and stores up to two million barrels of crude oil and processes 200,000 barrels of oil daily.

Guyana:
- Offshore Guyana, ExxonMobil’s Liza Unity FPSO continues to expand, designed to produce 220,000 barrels of oil daily. This FPSO is notable for its sustainable design, receiving the SUSTAIN-I notation for its eco-friendly initiatives.
Mexico:
- Turritella FPSO, Shell’s unit located in the Gulf of Mexico, supports operations in the Stones field. Specially designed for the field’s deepwater conditions, it began operations with two subsea wells and has since expanded.
Norway:

Glen Lyon FPSO, BP’s largest harsh-water FPSO, processes 130,000 barrels per day and plays a crucial role in BP’s Quad 204 Project. It helps extend the life of the Schiehallion and Loyal fields, aiming to produce 450 million barrels more through advanced technology.

Shipbuilding Projects in 2025: Sustainability and Innovation

The shipbuilding industry in 2025 is set to undergo a transformation with an emphasis on environmental performance, automation, and alternative fuel technologies. As global demand for both commercial and offshore vessels grows, key developments are expected across Asia, Europe, and the Middle East:

China:
- China’s shipbuilders, such as CSSC and CSIC, are leading in the production of LNG carriers, container ships, and bulk carriers. They are focusing on sustainability with dual-fuel and electric-powered vessels.
South Korea:
- Major shipbuilders like Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering are innovating with smart ships and autonomous vessels. The emphasis is on AI, LNG-powered ships, and environmentally friendly technologies.
Japan:
- Japan is advancing ship design with a focus on eco-friendly vessels, including LNG carriers. Shipbuilders like Mitsubishi Heavy Industries and Imabari Shipbuilding will lead in delivering vessels that meet IMO 2020 regulations.

Europe:
- European shipbuilders, particularly in Italy and Spain, are focusing on green shipbuilding. Companies like Fincantieri and Navantia are expected to lead the way in constructing zero-emission vessels, reducing the maritime industry’s carbon footprint.
Middle East:
- UAE focuses on expanding their shipbuilding capabilities with a focus on eco-friendly vessels and automated port solutions. DP World is playing a significant role in the Middle East in developing LNG-powered vessels for global logistics.

Key Trends Shaping the Future

Environmental Regulations: Stricter regulations such as IMO 2020 will continue to drive the demand for cleaner, more sustainable vessels and FPSOs.
Alternative Fuels: LNG, hydrogen, and ammonia are expected to play a key role in reducing the maritime industry’s carbon emissions.
Digitalization and Automation: Integration of AI and autonomous systems into both commercial shipping and offshore oil and gas operations will define future maritime projects.
Sustainability in Offshore Oil & Gas: FPSOs will increasingly incorporate technologies like carbon capture and storage (CCS) to reduce emissions.

Conclusion

In 2025, FPSO and shipbuilding industries will continue to evolve with an unwavering focus on sustainability, cutting-edge technology, and safety. Brazil, Nigeria, Guyana, and Angola will remain key players in FPSO development, while China, South Korea, and Japan will lead the way in shipbuilding innovations, especially around eco-friendly, autonomous, and alternative fuel-powered vessels. With sustainability at the forefront of these projects, the maritime and offshore oil and gas sectors are poised for a transformative future.

For further insights into ongoing and upcoming FPSO and shipbuilding projects, visit RAAH Group’s Project Page and explore how we’re supporting these industries through innovative solutions.