FPSO activity and financing set to increase dramatically by 2012
The FPSO Network, along with the 12th annual FPSO congress conducted a survey with close to 3,000 FPSO professionals and the general consensus in the industry at the moment seems to be that FPSO activity levels in 2011 and 2012 will surpass that in 2010.
And it seems that the growth of activity in FPSO sector seems to be a result of increased financing which disappeared during the financial crisis. 86.1 percent of those polled believes that FPSO financing is set to rise again in 2011 and 2012, 44.4 percent believe that the dynamics of the operator – owner contracting regime will shift towards a 50 – 50 percent risk division, 47.2 percent of the respondents expects financing to remain at its current status.
Unsurprisingly, 44.4 percent of the survey respondents predict equity fund raising to be the most viable financing option for FPSO projects in the next couple of years. And although a quarter of the respondents believe that alternative project funding structures - leveraging on export credit will be the way forward for FPSO financing, 16.7 percent of the respondents believe that debt financing will be the future of FPSO financing.
The 12th Annual FPSO Congress, held from the 19th to the 22nd of September will cover the commercial and technical aspects of FPSOs globally.
Log on to www.fpsoasia.com for the complete survey results and list of topics that will be covered at the 12th annual FPSO congress.
>> Learn more at the World’s Biggest FPSO Summit – Download The FPSO 2013 Agenda Now