Floating Production Storage and Offloading (FPSO) Industry Analysis 2025: Growth Trends, Key Companies - SBM Offshore N.V., BW Offshore Limited, Shell, ExxonMobil, Chevron

DataM Intelligence has released an in-depth research report on "Floating Production Storage and Offloading Market Size 2025". This report delivers power-packed insights into key growth drivers, market segmentation, regional trends, CAGR forecasts, revenue performance of top players, and emerging opportunities. Gain a 360° market perspective with detailed analysis on value, volume, and future development trends your ultimate guide to spotting high-impact opportunities and staying ahead in this dynamic market.

The global Floating Production Storage and Offloading (FPSO) market is gaining momentum amid rising offshore oil exploration, fueled by growing energy demand, cost-efficient production, and deepwater developments. The market value increased from US$ 24.12 billion in 2023 to US$ 25.68 billion in 2024, reflecting steady growth as operators invest in flexible offshore production solutions.

In March 2025, Murphy Oil Corporation acquired the BW Pioneer FPSO from BW Offshore for US$125 million, aiming to reduce annual operating costs by about US$60 million while maintaining its 2025 capex guidance of US$1,135-1,285 million.

Download Your Sample PDF Today and (Get Priority Access With a Corporate Email ID For Faster Delivery):- https://www.datamintelligence.com/download-sample/floating-production-storage-and-offloading-market?kb

Key Drivers and Trends

Rising Offshore Exploration: Growing offshore oil and gas exploration is driving the FPSO market, as production stagnates onshore and non-OECD countries lead demand increases.

Demand Growth: The US Department of the Interior projects liquid fuel demand to rise by 0.8 million b/d in 2025 and 1.1 million b/d in 2026, boosting offshore development.

Key Projects: Shell's 2025 revival of the Penguins field in the UK North Sea uses a new FPSO producing up to 45,000 barrels/day with 30% lower emissions.

Regulatory Challenges: FPSO operations face strict compliance from IMO, BSEE, and ACER, including MARPOL and SOLAS standards, increasing costs and project timelines.

Environmental Pressures: Regional regulations, EIAs, and decommissioning liabilities push operators to adopt greener technologies, raising both CAPEX and OPEX.

2025 Milestone: In April 2025, TotalEnergies and partners began converting a VLCC into the all-electric FPSO Kaminho for Angola's first deepwater project in Block 20/11, showcasing global collaboration with Petronas, Sonangol, Saipem, and ANPG.

Innovation & Efficiency: The Kaminho FPSO highlights electrification and conversion strategies, reducing emissions, cutting CAPEX, and accelerating offshore project deployment in emerging regions.

List of Top Key Players:

MODEC, Inc., Teekay Corporation, SBM Offshore N.V., BW Offshore Limited, Shell, ExxonMobil, Chevron, Bumi Armada, ABB Group, BP plc.

Key Industry Developments

MHI & SBM Offshore Collaboration (April 2025): Initiated a joint study to integrate carbon capture technology into future Petrobras FPSOs, combining MHI's Advanced KM CDR Process with SBM's Fast4Ward FPSO design to reduce CO2 emissions from onboard gas turbines.

China's CCS-Equipped FPSO (February 2025): Launched the world's first FPSO with integrated carbon capture and storage, built in Shanghai. The 333m × 60m vessel produces 120,000 barrels/day and captures CO2 during both navigation and oil extraction, advancing sustainable offshore operations.

Forecast Growth Projection:

Global Floating Production Storage and Offloading Market Positioned for Strong Growth 2025-2032, Building on the steady momentum of 2024, the market is poised for remarkable expansion as leading players embrace innovative technologies and strategic advancements. This evolving landscape is unlocking lucrative opportunities for businesses to invest, scale, and stay ahead in an increasingly competitive and fast-moving market.

Market Research Process:

The Floating Production Storage and Offloading Market research report by DataM Intelligence combines extensive Primary and Secondary research to provide powerful, in-depth insights. It examines key market drivers such as regulatory frameworks, evolving market conditions, competitive dynamics, historical trends, and breakthrough technologies, while spotlighting emerging innovations and potential challenges. This all-inclusive analysis uncovers high-growth opportunities and highlights possible barriers, equipping businesses to tackle market volatility and capture new avenues for success.

Buy Now & Get Instant Access to 360° Market Intelligence:- https://www.datamintelligence.com/buy-now-page?report=floating-production-storage-and-offloading-market

Market Segments:

By Type: Converted FPSO, New-build FPSO

By Propulsion: Self-Propelled, Towed

By Hull Type: Single Hull, Double Hull

By Application: Shallow Water, Deepwater, Ultra-Deepwater

Regional Trends

South America Leads FPSO Market: Brazil's offshore boom drives FPSO demand, with ANP awarding 34 blocks in June 2025 to major players like Petrobras, Shell, and ExxonMobil.

Record Investments: The 2025 concession cycle saw US$250M planned exploration spend and a US$180M signing bonus, highlighting the region's deepwater potential and FPSO opportunities.

High-Capacity FPSOs: Each unit produces 225,000 barrels per day with 165MW power output, supported by advanced power management systems.

Tech-Driven Innovation: Integration of digital twins, AI automation, and real-time analytics enables predictive maintenance and operational efficiency.

Sustainable Design: Corrosion-resistant materials and hybrid energy systems enhance FPSO lifespan while reducing environmental impact.

Industry Leadership: Companies like Petrobras are pioneering next-gen FPSOs, setting benchmarks in offshore performance and clean energy production.

Global Growth Regions:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Opens the report with a comprehensive market overview, highlighting key segments by region, product type, and application. It presents a clear snapshot of market size, growth potential by segment, and both short- and long-term outlook.

Chapter 2: Showcases the most impactful insights, uncovering the emerging trends and disruptive forces shaping the industry's future.

Chapter 3: Delivers an in-depth competitive landscape analysis of the Floating Production Storage and Offloading market, covering revenue shares, strategic moves, and the latest mergers & acquisitions.

Chapter 4: Features detailed profiles of leading players, including their revenue streams, profit margins, product portfolios, and key milestones.

Chapters 5 & 6: Present a granular breakdown of regional and country-level revenue performance, offering a precise view of market size, opportunities, and development prospects worldwide.

Chapter 7: Analyzes market segmentation by product type, revealing the growth potential of each category and spotlighting high-impact.

Chapter 8: Examines application-based market growth, identifying the fastest-expanding sectors and lucrative opportunities for expansion.

Chapter 9: Maps the entire industry supply chain, providing insights into upstream and downstream activities for a complete market perspective.

Chapter 10: Concludes with key findings and actionable takeaways, guiding stakeholders toward strategic decisions and future growth opportunities.

Get Customization in the report as per your requirements:- https://www.datamintelligence.com/customize/floating-production-storage-and-offloading-market?kb

Q1: How Large is the Floating Production Storage and Offloading Market?

A: The Floating Production Storage and Offloading Market was valued at US$ 25.68 billion in 2024 and is expected to experience substantial growth, reaching US$ 45.99 billion by 2032

Q2: How fast is the Floating Production Storage and Offloading Market growing?

A: The Market is experiencing strong growth and is projected to expand at a CAGR of 7.67 % from 2025 to 2032.

Q3: Which Region Leads Floating Production Storage and Offloading Market growth?

A: South America leads the Floating Production Storage and Offloading Market with fastest growth.

Try DataM Subscription Services free for 2 days - Get Started@ https://www.datamintelligence.com/reports-subscription?kb

Make smarter moves with real-time competitor insights, strategic forecasts, and global investment trends-get it all now!

Access your Subscription Dashboard today@ https://www.youtube.com/watch?v=x5oEiqEqTWg

Contact Us -

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.