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Floating Production Storage and Offloading Market Size, Share and Forecast 2026-2036

The global floating production storage and offloading market is worth USD 18.9 bn in 2026 and is forecast to reach USD 32.3 bn by 2036, growing at a 5.5% CAGR. Brazil is the largest country market and Lease and operate is the largest by contract type segment.

USD 18.9 bnMarket size 2026
USD 32.3 bnForecast 2036
5.5%CAGR 2026-2036
BrazilLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global floating production storage and offloading market is worth USD 18.9 bn in 2026 and is forecast to reach USD 32.3 bn by 2036, growing at a 5.5% CAGR. Brazil is the largest country market and Lease and operate is the largest by contract type segment.

ScopeFloating production, storage and offloading vessels: new-build and converted FPSO hulls, topsides, leases and operating contracts for offshore oil and gas fields.
IndustryOil and Gas
Value 2025USD 18.0 bn
Value 2026USD 18.9 bn
Value 2036USD 32.3 bn
CAGR 2026-20365.5%
Volume 2026196 FPSO units
Volume 2036274 FPSO units
Average price 2026USD 96,630,000 per FPSO unit
Report priceStarts from USD 1,999
PublishedNovember 2026

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Floating Production Storage and Offloading market size and forecast, 2026-2036

Exhibit 1The global floating production storage and offloading market is forecast to grow from USD 18.9 bn in 2026 to USD 32.3 bn by 2036, a rise of 71%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 5.5%
Floating Production Storage and Offloading market value, 2025 to 2036Market value by year. 2025: USD 18.0 bn; 2026: USD 18.9 bn; 2027: USD 19.9 bn; 2028: USD 21.0 bn; 2029: USD 22.2 bn; 2030: USD 23.4 bn; 2031: USD 24.7 bn; 2032: USD 26.1 bn; 2033: USD 27.5 bn; 2034: USD 29.0 bn; 2035: USD 30.6 bn; 2036: USD 32.3 bn. Compound annual growth rate 2026 to 2036: 5.5%.202518.9 bn202624.7 bn203132.3 bn20365.5% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 18.9 bn
2027USD 19.9 bn
2028USD 21.0 bn
2029USD 22.2 bn
2030USD 23.4 bn
2031USD 24.7 bn
2032USD 26.1 bn
2033USD 27.5 bn
2034USD 29.0 bn
2035USD 30.6 bn
2036USD 32.3 bn

Floating Production Storage and Offloading market segmentation

By contract type

Exhibit 2Lease and operate is the largest segment by contract type, with 62.0% of 2026 revenueEstimated share of 2026 global revenue, by contract type
Floating Production Storage and Offloading market share by contract type, 2026Share of 2026 revenue by contract type. Lease and operate: 62.0%; Owned by field operator: 20.0%; New build and conversion supply: 18.0%.Lease and operate62.0%Owned by field operator20.0%New build and conversion supply18.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Lease and operate62.0%59.8%USD 11.7 bn5.1%
Owned by field operator20.0%20.2%USD 3.8 bn5.6%
New build and conversion supply18.0%20.0%USD 3.4 bn6.6%

By water depth

Exhibit 3Deepwater adds the most revenue by water depth, growing from USD 9.4 bn in 2026 to USD 16.2 bn by 2036Estimated revenue in USD by water depth, 2026 and 2036 forecast
Floating Production Storage and Offloading market by water depth, 2026 and 2036Revenue by water depth in 2026 and 2036. Deepwater: USD 9.4 bn in 2026, USD 16.2 bn in 2036, change +72%; Ultra-deepwater: USD 4.7 bn in 2026, USD 9.3 bn in 2036, change +98%; Shallow water: USD 4.7 bn in 2026, USD 6.7 bn in 2036, change +42%.20262036 forecastChangeDeepwater+72%9.4 bn16.2 bnUltra-deepwater+98%4.7 bn9.3 bnShallow water+42%4.7 bn6.7 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Shallow water25.0%20.8%USD 4.7 bn3.6%
Deepwater50.0%50.3%USD 9.4 bn5.6%
Ultra-deepwater25.0%29.0%USD 4.7 bn7.1%

By storage capacity

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Under 1 million barrels24.0%20.0%USD 4.5 bn3.6%
1 to 1.6 million barrels46.0%46.0%USD 8.7 bn5.5%
Above 1.6 million barrels30.0%34.0%USD 5.7 bn6.8%

By mooring

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Turret moored44.0%42.0%USD 8.3 bn5.0%
Spread moored40.0%41.0%USD 7.6 bn5.8%
Dynamically positioned16.0%17.0%USD 3.0 bn6.1%

By client type

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Oil majors46.0%42.0%USD 8.7 bn4.5%
National oil companies36.0%40.0%USD 6.8 bn6.6%
Independent operators18.0%18.0%USD 3.4 bn5.5%

Top 25 countries for floating production storage and offloading by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 79.0% of 2026 revenue and the 25 countries below together hold 93.7%.

Exhibit 4Brazil is the largest country market at USD 5.3 bn in 2026, and the three largest countries hold 45.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Floating Production Storage and Offloading market, ten largest countries in 2026Ten largest countries by 2026 revenue. Brazil: USD 5.3 bn, 28.0%; Angola: USD 1.7 bn, 9.0%; Nigeria: USD 1.5 bn, 8.0%; Guyana: USD 1.5 bn, 8.0%; Malaysia: USD 945 mn, 5.0%; Australia: USD 945 mn, 5.0%; Ghana: USD 756 mn, 4.0%; United Kingdom: USD 756 mn, 4.0%; Indonesia: USD 756 mn, 4.0%; China: USD 756 mn, 4.0%.Brazil5.3 bn 28.0%Angola1.7 bn 9.0%Nigeria1.5 bn 8.0%Guyana1.5 bn 8.0%Malaysia945 mn 5.0%Australia945 mn 5.0%Ghana756 mn 4.0%United Kingdom756 mn 4.0%Indonesia756 mn 4.0%China756 mn 4.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1BrazilUSD 5.3 bn28.0%USD 10.2 bn6.8%
2AngolaUSD 1.7 bn9.0%USD 2.5 bn3.9%
3NigeriaUSD 1.5 bn8.0%USD 2.4 bn4.8%
4GuyanaUSD 1.5 bn8.0%USD 3.5 bn8.8%
5MalaysiaUSD 945 mn5.0%USD 1.4 bn3.9%
6AustraliaUSD 945 mn5.0%USD 1.3 bn2.9%
7GhanaUSD 756 mn4.0%USD 1.2 bn4.7%
8United KingdomUSD 756 mn4.0%USD 904 mn1.8%
9IndonesiaUSD 756 mn4.0%USD 1.2 bn4.7%
10ChinaUSD 756 mn4.0%USD 1.0 bn3.2%
11NamibiaUSD 412 mn2.2%USD 939 mn8.6%
12MexicoUSD 359 mn1.9%USD 546 mn4.3%
13NorwayUSD 312 mn1.6%USD 404 mn2.6%
14SenegalUSD 272 mn1.4%USD 517 mn6.6%
15Ivory CoastUSD 236 mn1.2%USD 358 mn4.2%
16VietnamUSD 206 mn1.1%USD 313 mn4.3%
17IndiaUSD 180 mn0.9%USD 271 mn4.2%
18EgyptUSD 155 mn0.8%USD 236 mn4.3%
19MozambiqueUSD 136 mn0.7%USD 258 mn6.6%
20ThailandUSD 117 mn0.6%USD 178 mn4.2%
21CameroonUSD 102 mn0.5%USD 155 mn4.3%
22ArgentinaUSD 89 mn0.5%USD 168 mn6.6%
23Trinidad and TobagoUSD 77 mn0.4%USD 119 mn4.4%
24TurkeyUSD 68 mn0.4%USD 103 mn4.3%
25ColombiaUSD 59 mn0.3%USD 90 mn4.4%
Rest of worldUSD 1.2 bn6.3%USD 2.0 bn5.3%
Exhibit 5Brazil and Guyana account for 52% of the USD 13.4 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Floating Production Storage and Offloading market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 18.9 bn. Brazil: +USD 4.9 bn; Guyana: +USD 2.0 bn; Nigeria: +USD 909 mn; Angola: +USD 785 mn; Namibia: +USD 527 mn; 20 other countries: +USD 3.4 bn; Rest of world: +USD 806 mn. Market value 2036: USD 32.3 bn.Market value 202618.9 bnBrazil+4.9 bnGuyana+2.0 bnNigeria+909 mnAngola+785 mnNamibia+527 mn20 other countries+3.4 bnRest of world+806 mnMarket value 203632.3 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • SBM Offshore
  • MODEC
  • BW Offshore
  • Yinson
  • Bumi Armada

Group 2: Regional and specialist players

  • Altera Infrastructure
  • Saipem
  • Petrobras
  • Bluewater Energy Services
  • MISC Berhad
  • Hanwha Ocean
  • Technip Energies

Group 3: Emerging and niche players

  • Seatrium
  • Samsung Heavy Industries
  • Wison Offshore and Marine
  • Sevan SSP
  • Lamprell

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the floating production storage and offloading market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 5.5% is calculated from the resulting values.

The market is divided by contract type, by water depth, by storage capacity, by mooring, by client type. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the floating production storage and offloading market?

The global floating production storage and offloading market is estimated at USD 18.0 bn in 2025 and USD 18.9 bn in 2026.

How fast will the floating production storage and offloading market grow?

It is forecast to reach USD 32.3 bn by 2036, a compound annual growth rate of 5.5% from 2026, an increase of USD 13.4 bn.

Which country is the largest market for floating production storage and offloading?

Brazil is the largest market by revenue at USD 5.3 bn in 2026, 28.0% of the global total. The three largest countries together hold 45.0%.

Which country is growing fastest?

Among the ten largest markets, Guyana is growing fastest at 8.8% a year from 2026 to 2036.

Which floating production storage and offloading segment is largest?

In the by contract type split, Lease and operate is the largest segment with 62.0% of 2026 revenue.

Who are the leading floating production storage and offloading companies?

Global leaders include SBM Offshore, MODEC, BW Offshore, Yinson.

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