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Oil & Gas

FPSO contractors set sights on five promising floater prospects in South East Asia

Leading floating production, storage and offloading vessel contractors are eyeing at least five promising floater prospects in Southeast Asia, hoping that robust oil prices could lead to faster decision making on several offshore projects.

Several market sources told Upstream that multiple FPSO projects in the region are expected to gain momentum in the coming months, with Malaysian state giant Petronas expected to lead the way with at least two potential floater requirements in the near term — Kelidang offshore Brunei Darussalam and Limbayong offshore Sabah, Malaysia.

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