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
28 April 2025
Rewards offered by investment in the sector must be balanced by its energy consumption amid an increasingly gas-hungry domestic market
25 April 2025
PetroChina, Sinopec and CNOOC are aiming to rebalance their energy mixes but face technically difficult deepwater and shale task
25 April 2025
EACOP has overcome a significant hurdle, with a group of regional banks providing an initial financing tranche for a scheme that has attracted criticism from environmental campaigners
24 April 2025
The government hopes industry reforms can drive ambitious upstream plans
