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The other emission-cutting tools the firm is progressing entail electrification of topsides systems, hybrid power solutions using advanced battery storage, optimization of gas turbine efficiency, advanced flare-reduction systems, and the integration of digital performance tools to reduce energy consumption.
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“Our approach is multi-layered because meaningful decarbonization requires a combination of solutions working together, combined with long-term operational experience,” added Icyk, while explaining that the concept of an all-electric FPSO running on offshore renewable energy technologies is technically feasible in the long term, but not yet commercially deployable at scale.
SBM Offshore’s Chief Business Officer continued: “Full electrification powered solely by offshore renewables will require major advances in energy storage and large-scale power integration offshore. That said, the industry is progressing quickly, and SBM Offshore is actively studying the building blocks that could make this vision achievable. It’s not a near-term solution, but it is part of the longer-term innovation agenda.”
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Icyk anticipates the FPSO market to remain stable in 2026, supported by deepwater projects with attractive breakevens and strong demand from national oil companies (NOCs). The tailwinds the Dutch player’s Chief Business Officer sees encompass the continued need for reliable offshore production to meet global energy requirements and the competitiveness of deepwater resources in a balanced energy mix.
While noting the possibility of headwinds for the FPSO market as time goes by, he underscored: “ Looking toward 2050, the sector will probably face headwinds from the acceleration of decarbonization policies and the expansion of alternative energy sources.
“ Nevertheless, FPSOs will continue to play a role in meeting demand, particularly in regions with proven large-scale deepwater reserves. The companies that can operate with the lowest emissions and highest efficiency will be the ones positioned to thrive. ”
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Icyk is adamant that SBM Offshore’s priority remains centered on delivering safe, reliable, and efficient operations while supporting its clients through the energy transition.
“SBM Offshore has a long track record of adapting to change, and 2026 will be no different — we will continue innovating, strengthening partnerships and investing in the technologies that shape the future of offshore energy,” concluded the firm’s Chief Business Officer.
about 6 months ago
SBM Offshore is keeping Brazil and Guyana as the core hub of its FPSO activity, while eyeing new opportunities in West Africa.
