Although some indicators seem to suggest that the offshore markets have now bottomed out, most segments of the ‘cradle-to-grave’ offshore fleet are still facing significant challenges, often due to persistent vessel oversupply. One more positive sector though has been FPSOs, which is largely project driven and which has been supported by a rise in FIDs. So what is the outlook for FPSO contracting to 2020?

For the full version of this article, please go to Offshore Intelligence Network.

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