South America FPSO vessel market is expected to grow at formidable rate during the forecast period. South America FPSO vessel market is driven by the ongoing digitalization of FPSO’s in order to promote efficiency and cost savings. Additionally, a total of around 67 planned and announced FPSO vessels are expected to start operations during the forecast period thereby driving the market in the region. Also, increasing expenditure by the government on oil & gas E&P activities are further projected to propel the market over 2024.

The South America FPSO vessel market is segmented based on product type, carrier type, water depth, propulsion, company and region. Based on carrier type, the market can be categorized into new built, converted and others. The converted carrier type is expected to dominate the market since it is easy to convert an existing transportation vessel into a FPSO vessel rather than building a new one. Based on water depth, the market can be fragmented into shallow, deep and ultra-deep. The shallow water depth segment is expected to dominate the market since the cost associated with exploration & production in shallow water is comparatively lesser than the deep and ultra-deep segments.

Major players operating in the FPSO vessel market include Petrobras, ExxonMobil, Equinor, Premier Oil, Enauta, Karoon Energy, Bumi Armada, BW Offshore Limited, Hyundai Heavy Industries, Samsung Heavy Industries and others. The companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. 

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of South America FPSO vessel market.
  • To classify and forecast South America FPSO vessel market based on product type, carrier type, water depth, propulsion, company and country distribution.
  • To identify drivers and challenges for South America FPSO vessel market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in South America FPSO vessel market.
  • To conduct pricing analysis for South America FPSO vessel market.
  • To identify and analyze the profile of leading players operating in South America FPSO vessel market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the region.

TechSci Research calculated the market size of South America FPSO vessel market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • FPSO vessel manufacturers, suppliers and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to FPSO vessels
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, South America FPSO vessel market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Product Type:
    • Oil
    • LPG
    • LNG
  • Market, By Carrier Type:
    • New built
    • Converted
    • Others
  • Market, By Water Depth:
    • Shallow
    • Deep
    • Ultra-deep
  • Market, By Propulsion:
    • Self-propelled
    • Towed
    • Single-hull
    • Double-hull
  • Market, By Country:
    • Brazil
    • Argentina
    • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in South America FPSO vessel market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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1.    Application Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

5.    Global FPSO Vessel Market Overview

6.    South America FPSO Vessel Market Outlook

6.1.  Market Size & Forecast

6.1.1. By Value & Volume

6.2.  Market Share & Forecast

6.2.1. By Product Type (Oil, LPG, LNG)

6.2.2. By Carrier Type (New built, Converted, Others)

6.2.3. By Water Depth (Shallow, Deep, Ultra-deep)

6.2.4. By Propulsion (Self-propelled, Towed, Single-hull, Double-hull)

6.2.5. By Company

6.2.6. By Region

6.3.  Product Market Map

6.3.1. Brazil FPSO Vessel Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value & Volume

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Carrier Type

6.3.1.2.2.             By Water Depth

6.3.2. Argentina FPSO Vessel Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value & Volume

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Carrier Type

6.3.2.2.2.             By Water Depth

6.3.3. Colombia FPSO Vessel Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value & Volume

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Carrier Type

6.3.3.2.2.             By Water Depth

7.    Market Dynamics

7.1.  Drivers

7.2.  Challenges

8.    Policy & Regulatory Landscape

9.    Market Trends & Developments

10.  Competitive Landscape

10.1.              Competition Outlook

10.2.              Company Profiles

10.3.              Regional Players Profiled (Leading Companies)

10.3.1.    Petrobras

10.3.2.    ExxonMobil

10.3.3.    Equinor

10.3.4.    Premier Oil

10.3.5.    Enauta

10.3.6.    Karoon Energy

10.3.7.    Bumi Armada

10.3.8.    BW Offshore Limited

10.3.9.    Hyundai Heavy Industries

10.3.10.  Samsung Heavy Industries

11.  Strategic Recommendations

12.  About Us & Disclaimer

 (Note: The companies list can be customized based on the client requirements.)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com