Floating Production Storage Offloading (FPSO) Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The Floating Production Storage Offloading (FPSO) Market size is expected to grow at an annual average of CAGR 4% during the forecast period (2022-2028). Floating Production Storage and Offloading (FPSO) vessels are used in offshore oil and gas fields to receive hydrocarbons from subsea oil storage and process them into oil, gas and water. The vessel stores the processed crude oil or natural gas until it is unloaded into shuttle tankers or transported through export pipelines to refineries. They are equipped with pumps, generators, storage tanks, control rooms and lodging facilities to help extract and refine oil and gas at an affordable price in the backcountry. Compared to traditional offshore oil and gas platforms, FPSO vessels are more flexible, versatile, safe, time efficient and offer high storage capacity. FPSO vessels do not need expensive subsea pipelines to export their oil and can be moved to a different location when existing oil fields are depleted. As a result, they are gaining preference in border areas where local pipeline infrastructure is unavailable and smaller oil and gas fields are depleted within a few years.

The following segmentation are covered in this report:

By Application

• Shallow Water
• Deepwater
• Ultra-deep Water

By Propulsion Type

• Self-Propelled
• Towed

By Vessel Type

• Converted and Redeployed
• New-Build

Company Profile

• Keppel Offshore
• Teekay Corporation
• Dommo Energia
• BP
• Exxon Mobil
• Chevron Corporation
• Petrobras
• Saipem
• China National Offshore Oil Corporation (CNOOC)
• SBM Offshore
• Marine and Hyundai
• Royal Dutch Shell
• Bumi Armada Berhad
• Woodside Energy

Scope of the report

The research study analyses the Floating Production Storage Offloading (FPSO) Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Floating Production Storage Offloading (FPSO) Market Report

• What was the Floating Production Storage Offloading (FPSO) Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028)
• What will be the Floating Production Storage Offloading (FPSO) Market CAGR of Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Floating Production Storage Offloading (FPSO) Market was the market leader in 2022?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.