LAMEA Floating Production Storage and Offloading (FPSO) Market Size, Share & Trends Analysis Report By Type (Converted and New Build), By Propulsion, By Application, By Hull Type, By Country and Growth Forecast, 2024 - 2031

The Latin America, Middle East and Africa Floating Production Storage and Offloading (FPSO) Market would witness market growth of 8.9% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Floating Production Storage and Offloading (FPSO) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $834.6 million by 2031. The Argentina market is registering a CAGR of 9.8% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 8% during (2024 - 2031).

FPSOs provide storage for produced oil and gas, allowing the captured resources to be stored on-site before being offloaded to tankers or pipelines. The storage capacity of FPSOs can range from tens of thousands to millions of barrels, depending on the size and design of the vessel. The offloading process is a critical aspect of FPSO operations, as it ensures that oil and gas can be transported to refineries and distribution points.

Some FPSOs are equipped with advanced technologies that support enhanced oil recovery techniques, such as water injection and gas injection, to increase the overall output from a reservoir. These technologies help optimize production from fields that may have been operating for several years.

The oil and gas industry in the Middle East, particularly in the United Arab Emirates (UAE) and Saudi Arabia, plays a significant role in global energy markets. Both countries possess some of the world’s largest oil reserves, and their ongoing exploration and production activities are set to drive growth in offshore oil extraction, further boosting the demand for Floating Production Storage and Offloading (FPSO) units.

Free Valuable Insights: The Worldwide Floating Production Storage and Offloading (FPSO) Market is Projected to reach USD 38.89 Billion by 2031, at a CAGR of 6.7%

Based on Type, the market is segmented into Converted and New Build. Based on Propulsion, the market is segmented into Self-Propelled and Towed. Based on Application, the market is segmented into Shallow Water, Deepwater, and Ultra-Deepwater. Based on Hull Type, the market is segmented into Double Hull and Single Hull. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

• ABB Group
• Exxon Mobil Corporation
• Emerson Electric Co.
• TotalEnergies SE
• Kongsberg Group
• McDermott International, Ltd.
• MODEC, Inc.
• Bluewater Energy Services B.V.
• SBM Offshore N.V.
• Shell plc

LAMEA Floating Production Storage and Offloading (FPSO) Market Report Segmentation

By Type

• Converted
• New Build

By Propulsion

• Self-Propelled
• Towed

By Application

• Shallow Water
• Deepwater
• Ultra-Deepwater

By Hull Type

• Double Hull
• Single Hull

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Floating Production Storage and Offloading (FPSO) Market, by Type
1.4.2 LAMEA Floating Production Storage and Offloading (FPSO) Market, by Propulsion
1.4.3 LAMEA Floating Production Storage and Offloading (FPSO) Market, by Application
1.4.4 LAMEA Floating Production Storage and Offloading (FPSO) Market, by Hull Type
1.4.5 LAMEA Floating Production Storage and Offloading (FPSO) Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2023
4.2 Porter Five Forces Analysis

Chapter 5. LAMEA Floating Production Storage and Offloading (FPSO) Market by Type
5.1 LAMEA Converted Market by Country
5.2 LAMEA New Build Market by Country

Chapter 6. LAMEA Floating Production Storage and Offloading (FPSO) Market by Propulsion
6.1 LAMEA Self-Propelled Market by Country
6.2 LAMEA Towed Market by Country

Chapter 7. LAMEA Floating Production Storage and Offloading (FPSO) Market by Application
7.1 LAMEA Shallow Water Market by Country
7.2 LAMEA Deepwater Market by Country
7.3 LAMEA Ultra-Deepwater Market by Country

Chapter 8. LAMEA Floating Production Storage and Offloading (FPSO) Market by Hull Type
8.1 LAMEA Double Hull Market by Country
8.2 LAMEA Single Hull Market by Country

Chapter 9. LAMEA Floating Production Storage and Offloading (FPSO) Market by Country
9.1 Brazil Floating Production Storage and Offloading (FPSO) Market
9.1.1 Brazil Floating Production Storage and Offloading (FPSO) Market by Type
9.1.2 Brazil Floating Production Storage and Offloading (FPSO) Market by Propulsion
9.1.3 Brazil Floating Production Storage and Offloading (FPSO) Market by Application
9.1.4 Brazil Floating Production Storage and Offloading (FPSO) Market by Hull Type
9.2 Argentina Floating Production Storage and Offloading (FPSO) Market
9.2.1 Argentina Floating Production Storage and Offloading (FPSO) Market by Type
9.2.2 Argentina Floating Production Storage and Offloading (FPSO) Market by Propulsion
9.2.3 Argentina Floating Production Storage and Offloading (FPSO) Market by Application
9.2.4 Argentina Floating Production Storage and Offloading (FPSO) Market by Hull Type
9.3 UAE Floating Production Storage and Offloading (FPSO) Market
9.3.1 UAE Floating Production Storage and Offloading (FPSO) Market by Type
9.3.2 UAE Floating Production Storage and Offloading (FPSO) Market by Propulsion
9.3.3 UAE Floating Production Storage and Offloading (FPSO) Market by Application
9.3.4 UAE Floating Production Storage and Offloading (FPSO) Market by Hull Type
9.4 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market
9.4.1 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Type
9.4.2 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Propulsion
9.4.3 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Application
9.4.4 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Hull Type
9.5 South Africa Floating Production Storage and Offloading (FPSO) Market
9.5.1 South Africa Floating Production Storage and Offloading (FPSO) Market by Type
9.5.2 South Africa Floating Production Storage and Offloading (FPSO) Market by Propulsion
9.5.3 South Africa Floating Production Storage and Offloading (FPSO) Market by Application
9.5.4 South Africa Floating Production Storage and Offloading (FPSO) Market by Hull Type
9.6 Nigeria Floating Production Storage and Offloading (FPSO) Market
9.6.1 Nigeria Floating Production Storage and Offloading (FPSO) Market by Type
9.6.2 Nigeria Floating Production Storage and Offloading (FPSO) Market by Propulsion
9.6.3 Nigeria Floating Production Storage and Offloading (FPSO) Market by Application
9.6.4 Nigeria Floating Production Storage and Offloading (FPSO) Market by Hull Type
9.7 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market
9.7.1 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Type
9.7.2 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Propulsion
9.7.3 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Application
9.7.4 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Hull Type

Chapter 10. Company Profiles
10.1 ABB Group
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 SWOT Analysis
10.2 Exxon Mobil Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 SWOT Analysis
10.3 Emerson Electric Co.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 SWOT Analysis
10.4 TotalEnergies SE
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 SWOT Analysis
10.5 Kongsberg Group
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 SWOT Analysis
10.6 McDermott International, Ltd.
10.6.1 Company Overview
10.7 MODEC, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.8 Bluewater Energy Services B.V.
10.8.1 Company Overview
10.9 SBM Offshore N.V.
10.9.1 Company Overview
10.10. Shell plc
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expenses
10.10.5 SWOT Analysis

TABLE 1 LAMEA Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
TABLE 3 LAMEA Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
TABLE 4 LAMEA Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
TABLE 5 LAMEA Converted Market by Country, 2020 - 2023, USD Million
TABLE 6 LAMEA Converted Market by Country, 2024 - 2031, USD Million
TABLE 7 LAMEA New Build Market by Country, 2020 - 2023, USD Million
TABLE 8 LAMEA New Build Market by Country, 2024 - 2031, USD Million
TABLE 9 LAMEA Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
TABLE 10 LAMEA Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
TABLE 11 LAMEA Self-Propelled Market by Country, 2020 - 2023, USD Million
TABLE 12 LAMEA Self-Propelled Market by Country, 2024 - 2031, USD Million
TABLE 13 LAMEA Towed Market by Country, 2020 - 2023, USD Million
TABLE 14 LAMEA Towed Market by Country, 2024 - 2031, USD Million
TABLE 15 LAMEA Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
TABLE 16 LAMEA Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
TABLE 17 LAMEA Shallow Water Market by Country, 2020 - 2023, USD Million
TABLE 18 LAMEA Shallow Water Market by Country, 2024 - 2031, USD Million
TABLE 19 LAMEA Deepwater Market by Country, 2020 - 2023, USD Million
TABLE 20 LAMEA Deepwater Market by Country, 2024 - 2031, USD Million
TABLE 21 LAMEA Ultra-Deepwater Market by Country, 2020 - 2023, USD Million
TABLE 22 LAMEA Ultra-Deepwater Market by Country, 2024 - 2031, USD Million
TABLE 23 LAMEA Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
TABLE 24 LAMEA Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
TABLE 25 LAMEA Double Hull Market by Country, 2020 - 2023, USD Million
TABLE 26 LAMEA Double Hull Market by Country, 2024 - 2031, USD Million
TABLE 27 LAMEA Single Hull Market by Country, 2020 - 2023, USD Million
TABLE 28 LAMEA Single Hull Market by Country, 2024 - 2031, USD Million
TABLE 29 LAMEA Floating Production Storage and Offloading (FPSO) Market by Country, 2020 - 2023, USD Million
TABLE 30 LAMEA Floating Production Storage and Offloading (FPSO) Market by Country, 2024 - 2031, USD Million
TABLE 31 Brazil Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
TABLE 32 Brazil Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
TABLE 33 Brazil Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
TABLE 34 Brazil Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
TABLE 35 Brazil Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
TABLE 36 Brazil Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
TABLE 37 Brazil Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
TABLE 38 Brazil Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
TABLE 39 Brazil Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
TABLE 40 Brazil Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
TABLE 41 Argentina Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
TABLE 42 Argentina Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
TABLE 43 Argentina Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
TABLE 44 Argentina Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
TABLE 45 Argentina Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
TABLE 46 Argentina Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
TABLE 47 Argentina Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
TABLE 48 Argentina Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
TABLE 49 Argentina Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
TABLE 50 Argentina Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
TABLE 51 UAE Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
TABLE 52 UAE Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
TABLE 53 UAE Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
TABLE 54 UAE Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
TABLE 55 UAE Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
TABLE 56 UAE Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
TABLE 57 UAE Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
TABLE 58 UAE Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
TABLE 59 UAE Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
TABLE 60 UAE Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
TABLE 61 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
TABLE 62 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
TABLE 63 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
TABLE 64 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
TABLE 65 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
TABLE 66 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
TABLE 67 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
TABLE 68 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
TABLE 69 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
TABLE 70 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
TABLE 71 South Africa Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
TABLE 72 South Africa Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
TABLE 73 South Africa Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
TABLE 74 South Africa Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
TABLE 75 South Africa Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
TABLE 76 South Africa Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
TABLE 77 South Africa Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
TABLE 78 South Africa Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
TABLE 79 South Africa Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
TABLE 80 South Africa Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
TABLE 81 Nigeria Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
TABLE 82 Nigeria Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
TABLE 83 Nigeria Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
TABLE 84 Nigeria Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
TABLE 85 Nigeria Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
TABLE 86 Nigeria Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
TABLE 87 Nigeria Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
TABLE 88 Nigeria Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
TABLE 89 Nigeria Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
TABLE 90 Nigeria Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
TABLE 91 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
TABLE 92 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
TABLE 93 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
TABLE 94 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
TABLE 95 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
TABLE 96 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
TABLE 97 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
TABLE 98 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
TABLE 99 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
TABLE 100 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
TABLE 101 Key Information – ABB Group
TABLE 102 Key Information – Exxon Mobil Corporation
TABLE 103 Key Information – Emerson Electric Co.
TABLE 104 Key Information – TotalEnergies SE
TABLE 105 Key Information – Kongsberg Group
TABLE 106 Key Information – McDermott International, Ltd.
TABLE 107 Key Information – MODEC, Inc.
TABLE 108 Key Information – Bluewater Energy Services B.V.
TABLE 109 Key Information – SBM Offshore N.V.
TABLE 110 Key Information – Shell plc

List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Floating Production Storage and Offloading (FPSO) Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Floating Production Storage and Offloading (FPSO)Market
FIG 4 Market Share Analysis, 2023
FIG 5 Porter’s Five Forces Analysis – Floating Production Storage and Offloading (FPSO) Market
FIG 6 LAMEA Floating Production Storage and Offloading (FPSO) Market share by Type, 2023
FIG 7 LAMEA Floating Production Storage and Offloading (FPSO) Market share by Type, 2031
FIG 8 LAMEA Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2031, USD Million
FIG 9 LAMEA Floating Production Storage and Offloading (FPSO) Market share by Propulsion, 2023
FIG 10 LAMEA Floating Production Storage and Offloading (FPSO) Market share by Propulsion, 2031
FIG 11 LAMEA Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2031, USD Million
FIG 12 LAMEA Floating Production Storage and Offloading (FPSO) Market share by Application, 2023
FIG 13 LAMEA Floating Production Storage and Offloading (FPSO) Market share by Application, 2031
FIG 14 LAMEA Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2031, USD Million
FIG 15 LAMEA Floating Production Storage and Offloading (FPSO) Market share by Hull Type, 2023
FIG 16 LAMEA Floating Production Storage and Offloading (FPSO) Market share by Hull Type, 2031
FIG 17 LAMEA Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2031, USD Million
FIG 18 LAMEA Floating Production Storage and Offloading (FPSO) Market share by Country, 2023
FIG 19 LAMEA Floating Production Storage and Offloading (FPSO) Market share by Country, 2031
FIG 20 LAMEA Floating Production Storage and Offloading (FPSO) Market by Country, 2020 - 2031, USD Million
FIG 21 SWOT Analysis: ABB GROUP
FIG 22 SWOT Analysis: Exxon Mobil Corporation
FIG 23 Swot Analysis: EMERSON ELECTRIC CO.
FIG 24 SWOT Analysis: TotalEnergies SE
FIG 25 SWOT Analysis: Kongsberg Group
FIG 26 SWOT Analysis: Shell plc