Costs and complexity: Timelines challenged as ‘different breed of FPSOs’ emerges

As complexity and tonnage have risen for floating production, storage and offloading vessels, so too have costs - and that is presenting operators with a dilemma over whether to delay sanctioning decisions

An example of the 'different breed of FPSOs' is the SBM Offshore-built One Guyana, which has started production at Guyana's Yellowtail field.
An example of the 'different breed of FPSOs' is the SBM Offshore-built One Guyana, which has started production at Guyana's Yellowtail field.Photo: SBM OFFSHORE
Published 6 August 2025, 00:54Updated 13 August 2025, 10:20
FPSOSBM OffshoreHanwha OceanWestwood Global Energy GroupAmerican Bureau of Shipping