An FPSO off the coast of Angola
Letter from Africa: West African deepwater developers face FPSO choice
Decision may prove critical to the viability of the next tranche of regional projects
Are the days of large-scale, greenfield upstream projects coming to an end? While it is true there is a greater focus on short-cycle developments, large, advantaged projects can still compete for capital. The world-class projects offshore Brazil and Guyana grab the headlines, but there could also be another wave of standalone developments in West Africa. Operators are likely to make FID on at least four floating production, storage and offloading (FPSO) projects in the next 6-24 months. European IOCs are leading the charge, with TotalEnergies, Shell and Italy’s Eni all progressing plans to develop resources across Angola, Nigeria and Cote d’Ivoire. Competitive fiscal terms and top-class rese
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
