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

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

The global floating production storage and offloading (FPSO) demand market is expected to reach $44.12 billion by 2022 while growing at a constant CAGR of 14.42 percent. The discovery of deepwater assets in offshore Africa, Brazil, and Guyana would be driving the demand for FPSO in the future. However, the supply market is expected to be surplus in nature, irrespective of the crude oil price recovery, due to medium demand in the marker for FPSO service. In addition to this, low utilization rate, medium demand, and low day rates of FPSOs have also reduced the suppliers’ bargaining power.

The report also provides an overview of the global FPSO market, which includes FPSO demand forecast, global market size by regions such as North America, Aisa, South America, Europe, Australia, & Oceania, and North America, FPSO demand by countries, and FPSO demand by oil companies such as Shell, Exxon Mobi, Chevron, etc. It also discusses the global growth drivers and constraints, followed by Porter’s five forces analysis on factors such as supplier power, buyer power, barriers to new entrants, the intensity of rivalry, and the threat of substitutes.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

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

Floating Production Storage and Offloading (FPS & FPSO) Market Trend, Analysis & Forecast

Category Intelligence on Floating Production Storage and Offloading (FPS & FPSO) covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1. Floating Production Storage and Offloading Executive Summary

1.1 Category Updates
1.2 Market Size: Global
1.3 Negotiation Lever for Buyers
1.4 Industry Drivers
1.5 Prevailing Cost and Drivers
1.6 Engagement and Sourcing Practice
1.7 Top Suppliers: Global and Regional

2. FPSO Market Overview

2.1 FPSO Market: Global
2.2 Demand Drivers and Constraints
2.3 Porter’s Five Forces Analysis

3. FPSO Cost & Pricing Analysis

3.1 Cost Drivers and Other Price Determinants
3.2 Cost Structure Analysis

4. FPSO Supplier Analysis

4.1 Supply Market Outlook
4.2 Key Global FPSO Suppliers: Profile and Service Portfolio
4.3 Supplier SWOT Analysis

5. FPSO Procurement Best Practices

5.1 Engagement Models: Most Prevalent Engagement Model in the Market
5.2 Sourcing Models: Most Prevalent Sourcing Model in the Market

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

floating-production-storage-and-offloading-market-size

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