FPSO Market 2028 By Water Depth, Hull, Mooring, Construction and Geography | The Insight Partners

FPSO Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Water Depth (Shallow Water, Deep Water, and Ultra-Deep Water), Hull (Single Hull and Double Hull), Mooring (Spread Mooring and Disconnectable Mooring), and Construction (Newly Built and Converted)

Publication Month: Apr 2022 | Report Code: TIPRE00027554 | No. of Pages: 179 | Category: Energy and Power | Status: Published

The FPSO market was valued at US$ 11,911.53 million in 2021 and is expected to reach US$ 21,833.07 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028.

The industrialization of the deep sea is expanding across the world. Deep water areas are one of the most important fields for increasing oil & gas reserves and production worldwide. Hence, they are emerging as a hotspot for global oil & gas exploration due to the depletion of easily accessible oil & gas resources and technological improvements. This, in turn, is driving the FPSO market. Moreover, there is an increasing presence of major oil & gas extractions companies, such as Petrobras, in offshore exploration and production activities. In Petrobras, most of the oil reserves are in offshore fields, which has led the drilling activities to reach ever-greater depths. In addition, over the next five years from 2019-2023, the company expects more than ten new production systems to come on stream, which will ensure a 5% growth in production by 2023. Moreover, according to the International Energy Agency (IEA), by 2040, annual capital expenditures for offshore oil & gas production activities in Brazil would total US$ 60 billion. Moreover, the increase in the number of exploitations of marginal oil reserves in remote offshore areas, along with the flexibility of FPSOs to operate without the support of a fixed structure, boosts the FPSO market growth. Thus, the reasons mentioned above are further driving the FPSO market size.

Strategic Insights

Impact of COVID-19 Pandemic on FPSO Market

The COVID-19 pandemic negatively influenced the overall oil & gas industry in 2020 and 2021, owing to considerable disruption in the industry supply chain activities, coupled with several countries sealing off their international trade in the wake of the pandemic. Furthermore, as the global oil prices plummeted significantly due to limited demand and continuous production by the oil-producing countries, there was a considerable decline in production activities among the major oil-producing countries. Consequently, the discontinuation of oil & gas activities virtually disrupted the demand for any related products & services, including FPSO. For example, in 2020, due to delays in FPSO construction projects and more extended shutdowns of the producing ones, MODEC, the FPSO construction business, saw a drop in profits. The most significant reason behind this was a cost overrun caused by supply chain difficulties. The oil & gas sector rebounded strongly since mid-2021, with higher prices. However, the industry's recovery is better than expected, and uncertainty remains over FPSO market dynamics in the coming years. In March 2022, Helix Energy Solutions Group—a US offshore oil & gas services company—signed an agreement with Shell to provide Well Intervention services in the Gulf of Mexico. However, in the post-COVID scenario, the resumption of oil extraction projects is driving the FPSO market.

Lucrative Regions in FPSO Market

Lucrative Regions in FPSO Market

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Market Insights – FPSO Market

Surging Demand for Natural Gas and Crude Oil Propels FPSO Market Size

The demand for natural gas and crude oil is constantly increasing worldwide. For instance, in 2018, the oil demand increased by 1.3% across the globe, which fueled the oil industry's growth in the US. According to the International Energy Agency forecasts, in Q3 2019, the oil demand rose by 1.1 million barrels (mb)/day, signifying more than double growth compared to the previous quarter. The US and China have presented the most considerable growth. The robust increase in petrochemical demand in the US resulted in increased consumption and is driving the FPSO market. The Organization of the Petroleum Exporting Countries (OPEC) report stated that natural gas is expected to be the fastest-growing fossil fuel and would be the second-largest contributor to the energy mix, which is expected to hold a 25% share in 2045. In the coming years, Asia Pacific is anticipated to witness high demand for natural gas, owing to the rising use of natural gas in diverse industrial sectors. As per the BP Statistical Review of World Energy 2020, the increase in natural gas consumption worldwide averaged 2% in 2019, while in Asia Pacific, the natural gas consumption showed 4.7% Y-o-Y growth in 2019. Thus, the rising demand for natural gas and crude oil worldwide is expected to offer lucrative opportunities for the FPSO market growth during the forecast period.

Water Depth-Based Insights

Based on water depth, the FPSO market is segmented into shallow water, deep water, and ultra-deep water. The shallow water segment held the largest market share in 2021. In uncooled camera technology, the imaging sensor does not require cryogenic cooling. The depletion of natural gas and oil in shallow waters due to extensive extraction and increased demand have led engineers to develop floating production platforms that can thrive well in the adverse conditions of deep waters. Thus, the above mentioned benefits of shallow water drilling, the exploration and production process in shallow water is increasing, driving the businesses of FPSO market players offering their FPSO solutions for shallow waters.

The FPSO market players are mainly focused on the development of advanced and efficient products.

  • In 2022, Petrobras signed contracts with the companies Yinson Bergenia Production B.V. and Yinson Bergenia Serviços de Operação LTDA, both from Yinson Production PTE Ltd. Group, for the chartering and provision of services of Maria Quitéria FPSO for the Parque das Baleias Integrated Project, to be installed in the Jubarte Field, located in the north of Campos Basin.
  • In 2022, Bumi Armada agreed to sell subsidiaries owning ice-class vessels operating in the Caspian Sea for US$ 44.5 million in cash. The company plans to use US$ 38 million of the proceeds from the sale to reduce debt, with the remaining US$ 6.5 million going toward working capital.

The FPSO market is segmented based on water depth, hull, mooring, and construction. Based on water depth, the market is segmented into shallow water, deep water, and ultra-deep water. In 2021, the shallow water segment led the market and accounted for the largest market share. In terms of hull, the market is segmented into single hull and double hull. In 2021, the double hull segment led the market and accounted for a larger market share. Based on mooring, the FPSO market is segmented into spread mooring and disconnectable mooring. In 2021, the disconnectable mooring segment led the market and accounted for a larger market share. In terms of construction, the FPSO market is segmented into newly built and converted. In 2021, the newly built segment led the market and accounted for a larger market share. Geographically, the FPSO market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). In 2021, SAM accounted for a significant share of the global FPSO market.

MODEC, PETROBRAS, BUMI ARMADA, SBM OFFSHORE, CHINA NATIONAL OFFSHORE OIL, ROYAL DUTCH SHELL, EQUINOR ASA, TOTAL, EXXONMOBIL, and BW OFFSHORE are among the major companies operating in the FPSO market.

Frequently Asked Questions

The industrialization of the deep sea is expanding across the world. Deepwater areas are one of the most important fields for increasing oil and gas reserves and production worldwide. Hence, they are emerging as a hotspot for global oil and gas exploration due to the depletion of easily accessible oil and gas resources and technological improvements. . Thus, increasing oil and gas production in deepwater and ultra-deepwater drives the demand for the integration of FPSOs into the ships used to explore oil and gas, which fuels the growth of the FPSO market.
The demand for natural gas and crude oil is increasing constantly across the world. The oil demand is increased by more than 1% across the globe, which fueled the growth of the oil industry in the US. Additionally, the interregional trade of gas increased by more than 4%, representing over double growth in the 10-year average. Thus, the rising demand for natural gas and crude oil across the world is expected to offer lucrative opportunities for the FPSO market growth during the forecast period.
Based on water depth, the FPSO market is segmented into shallow water, deep water, and ultra-deepwater. Shallow water is anticipated to continue driving the FPSO market by water depth segment due to the various benefits associated with shallow-water drilling the exploration and production process in shallow water increases and is driving the market growth.
Based on the hull, the FPSO market is segmented into a single hull and a double hull. The ship's hull is the vessel's outer skin, which prevents water from entering the vessel and ensures the ship's watertight integrity in order to keep it floating. Double hull is anticipated to continue to drive the FPSO market by hull segment owing to the growing number of government laws governing maritime traffic.
The global FPSO market is segmented into five major regions— North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In 2020, South America led the global FPSO market share, followed by the Middle East & Africa, and the Asia Pacific. The presence of developed countries such as the US and Canada and the high focus on oil manufacturers are two major factors driving the FPSO market in North America.
The top five key players operating in the global FPSO market Petrobras, CNOOC Limited, Total Energies SA, Exxon Mobil, and Equinor ASA in 2020. The market is moderately consolidated with several prominent players catering to domestic and international demand. Ownership of FPSOs is split between operators and contractors. Petrobras is the leading player in the FPSO market followed by CNOOC Limited, and Total Energies SA.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. FPSO Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 APAC

4.2.4 MEA

4.2.5 SAM

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. FPSO Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Increasing Oil and Gas Production in Deep and Ultra-Deepwater

5.1.2 Rising Number of Offshore Exploration and Production Activities

5.2 Market Restraints

5.2.1 Challenges Faced in FPSO Implementation

5.3 Market Opportunities

5.3.1 Surging Demand for Natural Gas and Crude Oil

5.4 Future Trends

5.4.1 Growing Advancements in Subsea Technologies

6. FPSO Market – Global Market Analysis

6.1 FPSO Market Overview

6.2 FPSO Market Forecast and Analysis

6.3 Market Positioning – Global Key Players

7. FPSO Market Analysis – By Water Depth

7.1 Overview

7.2 FPSO Market, By Water Depth (2020 and 2028)

7.3 Shallow Water

7.3.1 Overview

7.3.2 Shallow Water: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Deep Water

7.4.1 Overview

7.4.2 Deep Water: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Ultra-Deep Water

7.5.1 Overview

7.5.2 Ultra-Deep Water: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

8. FPSO Market Analysis – By Hull

8.1 Overview

8.2 FPSO Market, By Hull (2020 and 2028)

8.3 Single Hull

8.3.1 Overview

8.3.2 Single Hull: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Double Hull

8.4.1 Overview

8.4.2 Double Hull: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

9. FPSO Market Analysis – By Mooring

9.1 Overview

9.2 FPSO Market, By Mooring (2020 and 2028)

9.3 Spread Mooring

9.3.1 Overview

9.3.2 Spread Mooring: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Disconnectable Mooring

9.4.1 Overview

9.4.2 Disconnectable Mooring: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

10. FPSO Market Analysis – By Construction

10.1 Overview

10.2 FPSO Market, By Construction (2020 and 2028)

10.3 Newly Built

10.3.1 Overview

10.3.2 Newly Built: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

10.4 Converted

10.4.1 Overview

10.4.2 Converted: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

11. FPSO Market – Geographic Analysis

11.1 Overview

11.2 North America: FPSO Market

11.2.1 Overview

11.2.2 North America FPSO Market, Revenue and Forecast to 2028 (US$ million)

11.2.3 North America FPSO Market Breakdown, By Water Depth

11.2.4 North America FPSO Market Breakdown, By Hull

11.2.5 North America FPSO Market Breakdown, By Mooring

11.2.6 North America FPSO Market Breakdown, By Construction

11.2.7 North America FPSO Market Breakdown, by Country

11.2.7.1 US FPSO Market, Revenue and Forecast to 2028

11.2.7.1.1 US FPSO Market Breakdown, by Water Depth

11.2.7.1.2 US FPSO Market Breakdown, by Hull

11.2.7.1.3 US FPSO Market Breakdown, by Mooring

11.2.7.1.4 US FPSO Market Breakdown, by Construction

11.2.7.2 Canada FPSO Market, Revenue and Forecast to 2028

11.2.7.2.1 Canada FPSO Market Breakdown, by Water Depth

11.2.7.2.2 Canada FPSO Market Breakdown, by Hull

11.2.7.2.3 Canada FPSO Market Breakdown, by Mooring

11.2.7.2.4 Canada FPSO Market Breakdown, by Construction

11.2.7.3 Mexico FPSO Market, Revenue and Forecast to 2028

11.2.7.3.1 Mexico FPSO Market Breakdown, by Water Depth

11.2.7.3.2 Mexico FPSO Market Breakdown, by Hull

11.2.7.3.3 Mexico FPSO Market Breakdown, by Mooring

11.2.7.3.4 Mexico FPSO Market Breakdown, by Construction

11.3 Europe: FPSO Market

11.3.1 Overview

11.3.2 Europe FPSO Market Revenue and Forecast to 2028 (US$ million)

11.3.3 Europe FPSO Market Breakdown, By Water Depth

11.3.4 Europe FPSO Market Breakdown, By Hull

11.3.5 Europe FPSO Market Breakdown, By Mooring

11.3.6 Europe FPSO Market Breakdown, By Construction

11.3.7 Europe FPSO Market Breakdown, by Country

11.3.7.1 Germany FPSO Market, Revenue and Forecast to 2028

11.3.7.1.1 Germany FPSO Market Breakdown, by Water Depth

11.3.7.1.2 Germany FPSO Market Breakdown, by Hull

11.3.7.1.3 Germany FPSO Market Breakdown, by Mooring

11.3.7.1.4 Germany FPSO Market Breakdown, by Construction

11.3.7.2 France FPSO Market, Revenue and Forecast to 2028

11.3.7.2.1 France FPSO Market Breakdown, by Water Depth

11.3.7.2.2 France FPSO Market Breakdown, by Hull

11.3.7.2.3 France FPSO Market Breakdown, by Mooring

11.3.7.2.4 France FPSO Market Breakdown, by Construction

11.3.7.3 Italy FPSO Market, Revenue and Forecast to 2028

11.3.7.3.1 Italy FPSO Market Breakdown, by Water Depth

11.3.7.3.2 Italy FPSO Market Breakdown, by Hull

11.3.7.3.3 Italy FPSO Market Breakdown, by Mooring

11.3.7.3.4 Italy FPSO Market Breakdown, by Construction

11.3.7.4 UK FPSO Market, Revenue and Forecast to 2028

11.3.7.4.1 UK FPSO Market Breakdown, by Water Depth

11.3.7.4.2 UK FPSO Market Breakdown, by Hull

11.3.7.4.3 UK FPSO Market Breakdown, by Mooring

11.3.7.4.4 UK FPSO Market Breakdown, by Construction

11.3.7.5 Russia FPSO Market, Revenue and Forecast to 2028

11.3.7.5.1 Russia FPSO Market Breakdown, by Water Depth

11.3.7.5.2 Russia FPSO Market Breakdown, by Hull

11.3.7.5.3 Russia FPSO Market Breakdown, by Mooring

11.3.7.5.4 Russia FPSO Market Breakdown, by Construction

11.3.7.6 Rest of Europe FPSO Market, Revenue and Forecast to 2028

11.3.7.6.1 Rest of Europe FPSO Market Breakdown, by Water Depth

11.3.7.6.2 Rest of Europe FPSO Market Breakdown, by Hull

11.3.7.6.3 Rest of Europe FPSO Market Breakdown, by Mooring

11.3.7.6.4 Rest of Europe FPSO Market Breakdown, by Construction

11.4 APAC: FPSO Market

11.4.1 Overview

11.4.2 APAC FPSO Market, Revenue and Forecast to 2028 (US$ million)

11.4.3 APAC FPSO Market Breakdown, By Water Depth

11.4.4 APAC FPSO Market Breakdown, By Hull

11.4.5 APAC FPSO Market Breakdown, By Mooring

11.4.6 APAC FPSO Market Breakdown, By Construction

11.4.7 APAC FPSO Market Breakdown, by Country

11.4.7.1 China FPSO Market, Revenue and Forecast to 2028 (US$ million)

11.4.7.1.1 China FPSO Market Breakdown, by Water Depth

11.4.7.1.2 China FPSO Market Breakdown, by Hull

11.4.7.1.3 China FPSO Market Breakdown, by Mooring

11.4.7.1.4 China FPSO Market Breakdown, by Construction

11.4.7.2 India FPSO Market, Revenue and Forecast to 2028 (US$ million)

11.4.7.2.1 India FPSO Market Breakdown, by Water Depth

11.4.7.2.2 India FPSO Market Breakdown, by Hull

11.4.7.2.3 India FPSO Market Breakdown, by Mooring

11.4.7.2.4 India FPSO Market Breakdown, by Construction

11.4.7.3 Japan FPSO Market, Revenue and Forecast to 2028 (US$ million)

11.4.7.3.1 Japan FPSO Market Breakdown, by Water Depth

11.4.7.3.2 Japan FPSO Market Breakdown, by Hull

11.4.7.3.3 Japan FPSO Market Breakdown, by Mooring

11.4.7.3.4 Japan FPSO Market Breakdown, by Construction

11.4.7.4 South Korea FPSO Market, Revenue and Forecast to 2028 (US$ million)

11.4.7.4.1 South Korea FPSO Market Breakdown, by Water Depth

11.4.7.4.2 South Korea FPSO Market Breakdown, by Hull

11.4.7.4.3 South Korea FPSO Market Breakdown, by Mooring

11.4.7.4.4 South Korea FPSO Market Breakdown, by Construction

11.4.7.5 Australia FPSO Market, Revenue and Forecast to 2028 (US$ million)

11.4.7.5.1 Australia FPSO Market Breakdown, by Water Depth

11.4.7.5.2 Australia FPSO Market Breakdown, by Hull

11.4.7.5.3 Australia FPSO Market Breakdown, by Mooring

11.4.7.5.4 Australia FPSO Market Breakdown, by Construction

11.4.7.6 Rest of APAC FPSO Market, Revenue and Forecast to 2028 (US$ million)

11.4.7.6.1 Rest of APAC FPSO Market Breakdown, by Water Depth

11.4.7.6.2 Rest of APAC FPSO Market Breakdown, by Hull

11.4.7.6.3 Rest of APAC FPSO Market Breakdown, by Mooring

11.4.7.6.4 Rest of APAC FPSO Market Breakdown, by Construction

11.5 MEA: FPSO Market

11.5.1 Overview

11.5.2 MEA FPSO Market, Revenue and Forecast to 2028 (US$ million)

11.5.3 MEA FPSO Market Breakdown, By Water Depth

11.5.4 MEA FPSO Market Breakdown, By Hull

11.5.5 MEA FPSO Market Breakdown, By Mooring

11.5.6 MEA FPSO Market Breakdown, By Construction

11.5.7 MEA FPSO Market Breakdown, By Country

11.5.7.1 Saudi Arabia FPSO Market, Revenue and Forecast to 2028 (US$ million)

11.5.7.1.1 Saudi Arabia FPSO Market Breakdown, by Water Depth

11.5.7.1.2 Saudi Arabia FPSO Market Breakdown, by Hull

11.5.7.1.3 Saudi Arabia FPSO Market Breakdown, by Mooring

11.5.7.1.4 Saudi Arabia FPSO Market Breakdown, by Construction

11.5.7.2 UAE FPSO Market, Revenue and Forecast to 2028 (US$ million)

11.5.7.2.1 UAE FPSO Market Breakdown, by Water Depth

11.5.7.2.2 UAE FPSO Market Breakdown, by Hull

11.5.7.2.3 UAE FPSO Market Breakdown, by Mooring

11.5.7.2.4 UAE FPSO Market Breakdown, by Construction

11.5.7.3 South Africa FPSO Market, Revenue and Forecast to 2028 (US$ million)

11.5.7.3.1 South Africa FPSO Market Breakdown, by Water Depth

11.5.7.3.2 South Africa FPSO Market Breakdown, by Hull

11.5.7.3.3 South Africa FPSO Market Breakdown, by Mooring

11.5.7.3.4 South Africa FPSO Market Breakdown, by Construction

11.5.7.4 Rest of MEA FPSO Market, Revenue and Forecast to 2028 (US$ million)

11.5.7.4.1 Rest of MEA FPSO Market Breakdown, by Water Depth

11.5.7.4.2 Rest of MEA FPSO Market Breakdown, by Hull

11.5.7.4.3 Rest of MEA FPSO Market Breakdown, by Mooring

11.5.7.4.4 Rest of MEA FPSO Market Breakdown, by Construction

11.6 SAM: FPSO Market

11.6.1 Overview

11.6.2 SAM FPSO Market, Revenue and Forecast to 2028 (US$ million)

11.6.3 SAM FPSO Market Breakdown, By Water Depth

11.6.4 SAM FPSO Market Breakdown, By Hull

11.6.5 SAM FPSO Market Breakdown, By Mooring

11.6.6 SAM FPSO Market Breakdown, By Construction

11.6.7 SAM FPSO Market Breakdown, by Country

11.6.7.1 Brazil FPSO Market, Revenue and Forecast to 2028

11.6.7.1.1 Brazil FPSO Market Breakdown, by Water Depth

11.6.7.1.2 Brazil FPSO Market Breakdown, by Hull

11.6.7.1.3 Brazil FPSO Market Breakdown, by Mooring

11.6.7.1.4 Brazil FPSO Market Breakdown, by Construction

11.6.7.2 Argentina FPSO Market, Revenue and Forecast to 2028

11.6.7.2.1 Argentina FPSO Market Breakdown, by Water Depth

11.6.7.2.2 Argentina FPSO Market Breakdown, by Hull

11.6.7.2.3 Argentina FPSO Market Breakdown, by Mooring

11.6.7.2.4 Argentina FPSO Market Breakdown, by Construction

11.6.7.3 Rest of SAM FPSO Market, Revenue and Forecast to 2028

11.6.7.3.1 Rest of SAM FPSO Market Breakdown, by Water Depth

11.6.7.3.2 Rest of SAM FPSO Market Breakdown, by Hull

11.6.7.3.3 Rest of SAM FPSO Market Breakdown, by Mooring

11.6.7.3.4 Rest of SAM FPSO Market Breakdown, by Construction

12. Impact of COVID-19 Pandemic on Global FPSO Market

12.1 Overview

12.2 North America

12.3 Europe

12.4 Asia-Pacific

12.5 Middle East & Africa

12.6 South America

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 New Product Development

14. Company Profiles

14.1 MODEC, Inc.

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 Petrobras

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Bumi Armada Berhad

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 SBM Offshore

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 CNOOC Limited

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Energies

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 EXXON MOBIL CORPORATION

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 BW Offshore

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 Equinor ASA

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 Shell plc

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

LIST OF TABLES

Table 1. FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. North America FPSO Market, Revenue and Forecast To 2028 – By Water Depth (US$ million)

Table 3. North America FPSO Market, Revenue and Forecast To 2028 – By Hull (US$ million)

Table 4. North America FPSO Market, Revenue and Forecast To 2028 – By Mooring (US$ million)

Table 5. North America FPSO Market, Revenue and Forecast To 2028 – By Construction (US$ million)

Table 6. North America FPSO Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 7. US FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 8. US FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 9. US FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 10. US FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 11. Canada FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 12. Canada FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 13. Canada FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 14. Canada FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 15. Mexico FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 16. Mexico FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 17. Mexico FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 18. Mexico FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 19. Europe FPSO Market, Revenue and Forecast To 2028 – By Water Depth (US$ million)

Table 20. Europe FPSO Market, Revenue and Forecast To 2028 – By Hull (US$ million)

Table 21. Europe FPSO Market, Revenue and Forecast To 2028 – By Mooring (US$ million)

Table 22. Europe FPSO Market, Revenue and Forecast To 2028 – By Construction (US$ million)

Table 23. Europe FPSO Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 24. Germany FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 25. Germany FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 26. Germany FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 27. Germany FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 28. France FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 29. France FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 30. France FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 31. France FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 32. Italy FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 33. Italy FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 34. Italy FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 35. Italy FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 36. UK FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 37. UK FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 38. UK FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 39. UK FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 40. Russia FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 41. Russia FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 42. Russia FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 43. Russia FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 44. Rest of Europe FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 45. Rest of Europe FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 46. Rest of Europe FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 47. Rest of Europe FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 48. APAC FPSO Market, Revenue and Forecast To 2028 – By Water Depth (US$ million)

Table 49. APAC FPSO Market, Revenue and Forecast To 2028 – By Hull (US$ million)

Table 50. APAC FPSO Market, Revenue and Forecast To 2028 – By Mooring (US$ million)

Table 51. APAC FPSO Market, Revenue and Forecast To 2028 – By Construction (US$ million)

Table 52. APAC FPSO Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 53. China FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 54. China FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 55. China FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 56. China FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 57. India FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 58. India FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 59. India FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 60. India FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 61. Japan FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 62. Japan FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 63. Japan FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 64. Japan FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 65. South Korea FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 66. South Korea FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 67. South Korea FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 68. South Korea FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 69. Australia FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 70. Australia FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 71. Australia FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 72. Australia FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 73. Rest of APAC FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 74. Rest of APAC FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 75. Rest of APAC FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 76. Rest of APAC FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 77. MEA FPSO Market, Revenue and Forecast To 2028 – By Water Depth (US$ million)

Table 78. MEA FPSO Market, Revenue and Forecast To 2028 – By Hull (US$ million)

Table 79. MEA FPSO Market, Revenue and Forecast To 2028 – By Mooring (US$ million)

Table 80. MEA FPSO Market, Revenue and Forecast To 2028 – By Construction (US$ million)

Table 81. MEA FPSO Market, Revenue and Forecast to 2028 – By Country (US$ million)

Table 82. Saudi Arabia FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 83. Saudi Arabia FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 84. Saudi Arabia FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 85. Saudi Arabia FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 86. UAE FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 87. UAE FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 88. UAE FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 89. UAE FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 90. South Africa FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 91. South Africa FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 92. South Africa FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 93. South Africa FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 94. Rest of MEA FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 95. Rest of MEA FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 96. Rest of MEA FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 97. Rest of MEA FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 98. SAM FPSO Market, Revenue and Forecast To 2028 – By Water Depth (US$ million)

Table 99. SAM FPSO Market, Revenue and Forecast To 2028 – By Hull (US$ million)

Table 100. SAM FPSO Market, Revenue and Forecast To 2028 – By Mooring (US$ million)

Table 101. SAM FPSO Market, Revenue and Forecast To 2028 – By Construction(US$ million)

Table 102. SAM FPSO Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 103. Brazil FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 104. Brazil FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 105. Brazil FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 106. Brazil FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 107. Argentina FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 108. Argentina FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 109. Argentina FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 110. Argentina FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 111. Rest of SAM FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 112. Rest of SAM FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 113. Rest of SAM FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 114. Rest of SAM FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

LIST OF FIGURES

Figure 1. FPSO Market Segmentation

Figure 2. FPSO Market Segmentation – By Geography

Figure 3. Global FPSO Market Overview

Figure 4. Shallow Water Segment held the Largest Share of FPSO Market

Figure 5. Disconnectable Mooring Segment held the Largest Share of FPSO Market

Figure 6. Double Hull Segment held the Largest Share of FPSO Market

Figure 7. Newly Built Segment held the Largest Share of FPSO Market

Figure 8. North Anerica to Show Great Traction During Forecast Period

Figure 9. North America – PEST Analysis

Figure 10. Europe – PEST Analysis

Figure 11. Asia-Pacific- PEST Analysis

Figure 12. MEA: PEST Analysis

Figure 13. South America- PEST Analysis

Figure 1. FPSO Market– Ecosystem Analysis

Figure 2. FPSO Market: Impact Analysis of Drivers and Restraints

Figure 3. FPSO Market – Geographic Analysis

Figure 4. FPSO Market Forecast and Analysis (US$ Million)

Figure 5. FPSO Market Revenue Share, by Water Depth (2020 and 2028)

Figure 6. Shallow Water: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 7. Deep Water: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 8. Ultra-Deep Water: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 9. FPSO Market Revenue Share, by Hull (2020 and 2028)

Figure 10. Single Hull: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11. Double Hull: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. FPSO Market Revenue Share, by Mooring (2020 and 2028)

Figure 13. Spread Mooring: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. Disconnectable Mooring: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. FPSO Market Revenue Share, by Construction (2020 and 2028)

Figure 16. Newly Built: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. Converted: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Global FPSO Market Revenue Share, by Region (2020 and 2028)

Figure 19. North America FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 20. North America FPSO Market Breakdown, By Water Depth, 2020 & 2028 (%)

Figure 21. North America FPSO Market Breakdown, By Hull, 2020 & 2028 (%)

Figure 22. North America FPSO Market Breakdown, By Mooring, 2020 & 2028 (%)

Figure 23. North America FPSO Market Breakdown, By Construction, 2020 & 2028 (%)

Figure 24. North America FPSO Market Breakdown, by Country, 2020 & 2028 (%)

Figure 25. US FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 26. Canada FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 27. Mexico FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 28. Europe FPSO Market, Revenue and Forecast To 2028 (US$ million)

Figure 29. Europe FPSO Market Breakdown, By Water Depth, 2020 & 2028 (%)

Figure 30. Europe FPSO Market Breakdown, By Hull, 2020 & 2028 (%)

Figure 31. Europe FPSO Market Breakdown, By Mooring, 2020 & 2028 (%)

Figure 32. Europe FPSO Market Breakdown, By Construction, 2020 & 2028 (%)

Figure 33. Europe FPSO Market Breakdown, by Country, 2018 & 2027(%)

Figure 34. Germany FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 35. France FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 36. Italy FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 37. UK FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 38. Russia FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 39. Rest of Europe FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 40. APAC FPSO Market, Revenue and Forecast To 2028 (US$ million)

Figure 41. APAC FPSO Market Breakdown, By Water Depth, 2020 & 2028 (%)

Figure 42. APAC FPSO Market Breakdown, By Hull, 2020 & 2028 (%)

Figure 43. APAC FPSO Market Breakdown, By Mooring, 2020 & 2028 (%)

Figure 44. APAC FPSO Market Breakdown, By Construction, 2020 & 2028 (%)

Figure 45. APAC FPSO Market Breakdown, by Country, 2020 & 2028 (%)

Figure 46. China FPSO Market, Revenue and Forecast To 2028 (US$ million)

Figure 47. India FPSO Market, Revenue and Forecast To 2028 (US$ million)

Figure 48. Japan FPSO Market, Revenue and Forecast To 2028 (US$ million)

Figure 49. South Korea FPSO Market, Revenue and Forecast To 2028 (US$ million)

Figure 50. Australia FPSO Market, Revenue and Forecast To 2028 (US$ million)

Figure 51. Rest of APAC FPSO Market, Revenue and Forecast To 2028 (US$ million)

Figure 52. MEA FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 53. MEA FPSO Market Breakdown, By Water Depth, 2020 & 2028 (%)

Figure 54. MEA FPSO Market Breakdown, By Hull, 2020 & 2028 (%)

Figure 55. MEA FPSO Market Breakdown, By Mooring, 2020 & 2028 (%)

Figure 56. MEA FPSO Market Breakdown, By Construction, 2020 & 2028 (%)

Figure 57. MEA FPSO Market Breakdown, By Country, 2020 & 2028 (%)

Figure 58. Saudi Arabia FPSO Market, Revenue and Forecast To 2028 (US$ million)

Figure 59. UAE FPSO Market, Revenue and Forecast To 2028 (US$ million)

Figure 60. South Africa FPSO Market, Revenue and Forecast To 2028 (US$ million)

Figure 61. Rest of MEA FPSO Market, Revenue and Forecast To 2028 (US$ million)

Figure 62. SAM FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 63. SAM FPSO Market Breakdown, By Water Depth, 2020 & 2028 (%)

Figure 64. SAM FPSO Market Breakdown, By Hull, 2020 & 2028 (%)

Figure 65. SAM FPSO Market Breakdown, By Mooring, 2020 & 2028 (%)

Figure 66. SAM FPSO Market Breakdown, By Construction, 2020 & 2028 (%)

Figure 67. SAM FPSO Market Breakdown, by Country, 2020 & 2028 (%)

Figure 68. Brazil FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 69. Argentina FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 70. Rest of SAM FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 71. Impact of COVID-19 Pandemic in North America

Figure 72. Impact of COVID-19 Pandemic in Europe

Figure 73. Impact of COVID-19 Pandemic in Asia-Pacific

Figure 74. Impact of COVID-19 Pandemic on the Middle East & Africa Country Markets

Figure 75. Impact of COVID-19 Pandemic in South America Country Markets

The List of Companies - FPSO Market

  1. MODEC, Inc.
  2. Petrobras
  3. Bumi Armada Berhad
  4. SBM Offshore
  5. CNOOC Limited
  6. Total Energies
  7. EXXON MOBIL CORPORATION
  8. BW Offshore
  9. Equinor ASA
  10. Shell plc
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global FPSO market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global FPSO market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TIPRE00027554
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