Over the next three years, SBM Offshore expects to pursue at least 16 FPSO opportunities as demand holds up for large, technically complex floating production units.
The company shared the outlook alongside its 2025 full-year earnings released on 26 February. Chief Executive Officer Øivind Tangen said the identified prospects match the contractor’s strengths in high-specification FPSOs, including developments requiring high gas handling capacity.
The contractor said it is well placed in what it described as a robust deepwater market, with opportunities on both sides of the Atlantic basin.
In operations, SBM Offshore reported its fleet rose to 16 FPSOs in 2025 after three units became operational within six months. Total daily production reached almost two million barrels of oil equivalent by the end of the year.
On the project front, SBM Offshore is progressing FPSO Jaguar for ExxonMobil in Guyana, FPSO GranMorgu for TotalEnergies in Suriname, and FPSO Chalchi for Woodside in the Gulf of Mexico. The company is also building two Fast4Ward® multi-purpose floaters to support its tendering pipeline, with options for additional hulls available at three yards.
