Floating Production Storage and Offloading (FPS & FPSO) Market Intelligence


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  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)


*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Floating Production Storage and Offloading (FPS & FPSO) category?

Are you looking for answers on Floating Production Storage and Offloading (FPS & FPSO) category?

  • What are the key trends in Floating Production Storage and Offloading (FPS & FPSO) category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Floating Production Storage and Offloading (FPS & FPSO) industry?
  • How is Floating Production Storage and Offloading (FPS & FPSO) industry performing?

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Report Coverage

  • FPSO Price Drivers 2018
  • Sourcing Strategies: For FPSO
  • FPSO: Cost Structure Analysis
  • Supplier Landscape

Market Size

Market Size North America

$0.56 Bn

Market Size Europe

$ 4.63 Bn

Table of contents

  1. Floating Production Storage and Offloading Executive Summary
  2. Category Updates
  3. Market Size: Global
  4. Negotiation Lever for Buyers
  5. Industry Drivers
  6. Prevailing Cost and Drivers
  7. Engagement and Sourcing Practice
  8. Top Suppliers: Global and Regional
  1. FPSO Market Overview
  2. FPSO Market: Global
  3. Demand Drivers and Constraints
  4. Porter’s Five Forces Analysis
  1. FPSO Cost & Pricing Analysis
  2. Cost Drivers and Other Price Determinants
  3. Cost Structure Analysis
  1. FPSO Supplier Analysis
  2. Supply Market Outlook
  3. Key Global FPSO Suppliers: Profile and Service Portfolio
  4. Supplier SWOT Analysis
  1. FPSO Procurement Best Practices
  2. Engagement Models: Most Prevalent Engagement Model in the Market
  3. Sourcing Models: Most Prevalent Sourcing Model in the Market

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Global Market Outlook on Floating Production Storage and Offloading

  • The global FPSO demand market is expected to reach $44.12 billion by 2022, with a CAGR of 14.42 percent
  • Discovery of deep water assets in offshore Africa, Brazil, and Guyana will be driving the demand for FPSO
  • The global FPSO Market Size by Region are South America 28.6, Asia 27.6, Africa 21%, Europe 14.7%, Australia 4.5%, Middle East 1.5%, North America 1.5%.
  • FPSO market across South America, Africa and Asia constitute more than 75 percent of the global floating production, storage and offloading market. 
  • Relatively stable crude prices and increase in offshore exploration and oil production activities are expected to increase demand for floating production storage offloading over the next three years
  • MODEC (18), SBM Offshore (15), BW Offshore (15) and Teekay (11) are the largest FPSO companies.


FPSO Demand Forecast 2021: Global

  • The global oil & gas FPSO demand market is estimated to be $28.01 billion in 2018, it is forecasted to reach $44.12 billion by 2022, with an estimated CAGR of 14.42 percent
  • With increase in crude prices, demand for FPSO is expected to increase over the next three years
  • Discovery of deep water assets far-off from the coasts is expected to be the key behind the demand increase in the  upcoming years

Global FPSO Market Size by Region: 2017

  • Africa has surpassed South America and Asia to be the largest market for FPSO
  • FPSO market across Africa, Asia, and South America constitute to 74 percent of the global FPSO market
  • Petrobras, CNNOC, Total, ExxonMobil, Chevron, Shell, and BP are the major buyers of FPSO service, and they constitute to 55 percent of the total global demand

Discovery of deep water assets will be a key reason behind the increase in demand. However, the supply market is expected to be surplus in nature, irrespective of the crude price recovery, due to medium demand in the market for FPSO service.Therefore, client can look to engage with supplier on long term basis

FPSO Demand by Countries

  • Brazil is the largest market for FPSO on a country level.Development of new offshore fields is the key driver for the FPSO demand
  • China and UK collectively constitute to about 22 percent of the FPSO demand on a country level
  • Angola and Nigeria are the major FPSO markets in Africa

FPSO Demand by Oil Companies

  • Petrobras is the single largest operator of FPSO vessels globally
  • Other major oil companies, namely CNOOC, Shell, Total, Exxon Mobil, operate around 20 percent of FPSO fleet
  • The rest of the fleet is operated by independent and smaller oil companies

Growth Drivers 2018: Global

New offshore discoveries, increase in spend from E&P companies, and changes in regulations are set to drive the demand for FPSO

New offshore discoveries and development

  • New discoveries of deep water fields in offshore of Africa, Brazil, and Guyana are the key drivers for the demand of FPSO
  • Offshore Guyana is forecasted to have a demand for five FPSOs, as estimated recoverable resources have risen by 25 percent

Increasing oil price

  • Higher oil price in H1 2018 is encouraging the E&P companies to develop the deep water assets

Changes in regulations

  • New energy policy enacted by the Brazilian government to increase production from pre-salt basins in offshore
  • This is likely to increase the demand by 30 percent in the Brazilian market alone

Growth Constraints 2018: Global

 Environmental concerns are seen as the hindrance in developing the offshore assets

Environment concerns

  • Increase in environmental concern in developing the offshore assets is seen as the hindrances by oil companies

Increase in FPSO day rates

  • Following the increase in demand, the day rates of FPSO are expected to increase

FPSO Market Overview

  • Low utilization rate, medium demand, and low day rates of floating production storage offloading have reduced the bargaining power of the supplier.
  • The global market is consolidated with few numbers of global players, while several NOCs have their own fleet of FPSOs
  • Hiring an experienced crew is likely to be the biggest barrier for new entrants into the FPSO market.
  • Supply-demand tends to be the key price driver for FPSO day rates.
  • Given the increase in oil price, day rates of FPSO companies are forecasted to increase as E&P companies are working to improve the production levels. 
  • Larger FPSOs, with high production and processing facilities, tend to have a high charter rate, due to cost-efficiency factors.
  • Ownership nature of FPSO, sourcing market and vendor selection are the key considerations to engage with the FPSO supplier. 
  • Charter type, commercial model and contract duration are the three key factors in selecting a cost-effective FPSO solution.

Why Should You Buy This Report

  • Information about the profile and service capability of suppliers like MODEC, SBM Offshore, BW Offshore, etc.
  • Best sourcing strategies and procurement practices in the FPSO market.
  • Constraints, drivers and Porter’s five force analysis of the FPSO industry.

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)


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