Brazil has once again solidified its status as the global oil giant as it is expected to continue dominating FPSO deployments by 2026, contributing around 45% of additional FPSO orders. In addition, the production capability requirements for FPSO projects in Brazil are stipulated to be the largest in the world. The industry in Brazil is poised for unprecedented growth, exceeding numbers pre-pandemic in just 2 years. There is no better time than now for the industry to gather, collaborate and work together on forging ahead to meet rising demand in Brazil.
