Field Development

$54 billion: The forecast global offshore EPC contract award value in 2025

18 floating production units, including four FLNG facilities, expected to be awarded this year, says consultant Westwood

Seatrium is building the floating production unit for Shell's Sparta field development in the US Gulf of Mexico at its flagship yard in Singapore.
Seatrium is building the floating production unit for Shell's Sparta field development in the US Gulf of Mexico at its flagship yard in Singapore.Photo: SEATRIUM
Asia Bureau ChiefSingapore
Published 16 January 2025, 05:31Updated 16 January 2025, 07:51
Westwood Global Energy GroupEniShellPetrobrasPetronas