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Brazil has been the undisputed leader in the market for floating production, storage, and offloading vessels (FPSOs) for several decades, and it is expected that it will continue to hold a majority share in global upcoming FPSO deployments. This is because oil companies operating in Brazil continue to choose FPSOs to develop their hydrocarbon resources.
Brazil possesses the largest recoverable ultra-deep oil reserves in the world, and the nation's market for crude oil and natural gas has, for many years, provided for the majority of investments in the Brazilian economy. The government encourages more investments in the sector to further strengthen it.
In order to support the growing oil and gas sector, the Brazilian government introduced new local content regulations in 2018 to fast-track FPSO deployments in Brazil and boost crude oil production in the pre-salt offshore region.
The International Energy Agency (IEA) stresses the significance of Brazil by stating that by 2040, the country will be responsible for producing approximately 5.2 million barrels of oil per day, which is equivalent to approximately half of the world's offshore oil output.
The majority of the reserves being in the deep water and ultradeep waters makes FPSOs the most suitable and economical solutions on the Brazilian coast.
Brazil received seven of the FPSO contracts awarded in 2021. In 2022, the Latin American country continued leading global FPSO awards with three more FPSO additions.
Brazilian projects are likely to be the greatest in terms of production capability. For example, the FPSO unit P-80 will advance to the tenth position in the Buzios region. It will have a processing capability for gas and oil of around 12 MMcm/d and 225,000 b/d, respectively. The FPSO Almirante Tamandare, which was granted in early 2021, was also of this size.
Petroleo Brasileiro SA (Petrobras), already has dozens of floating production storage and offloading vessels (FPSOs) dispersed across the southeast coast. Many more are scheduled to be installed within the next few years. However, not all of the future demand will come from Petrobras.
For instance, in Dec 2022, Petrobras launched a tender to contract two new floating production, storage and offloading vessels to serve the Sepia and Atapu pre-salt fields in the Santos basin.
Petrobras invited companies to submit commercial bids on 20 July 2022 and offered EPC contracts for Sepia-2 and Atapu-2, internally labelled as the P-85 and P-45 FPSOs, respectively.
The rising domestic and international energy demand resulting in increased offshore gas and oil production and exploration activities off the Brazilian coast, and governmental support to strengthen the country’s oil and gas sector are the major drivers of the Brazil FPSO market.
The new report from Blackridge Research on Brazil Floating Production Storage and Offloading (FPSO) Market comprehensively analyzes the Floating Production Storage and Offloading (FPSO) Market and provides deep insight into the current and future state of the FPSO industry in the region.
The study examines the drivers, restraints, and regional trends influencing Brazil Floating Production Storage and Offloading (FPSO) Market demand and growth.
The report also addresses present and future market opportunities, market trends, developments, and the impact of Covid-19 on the Floating Production Storage and Offloading (FPSO) Market, important commercial developments, trends, countries, and segments poised for fastest growth, competitive landscape.
Further, the report will also provide Brazil Floating Production Storage and Offloading (FPSO) Market Capex size, demand forecast, and growth rates.
The study covers all the major underlying forces that help the market develop and grow and the factors that constrain the growth.
The report includes a meticulous analysis of each factor, explaining the relevant, qualitative information with supporting data.
Each factor's respective impact in the near, medium, and long term will be covered using Harvey balls for visual communication of qualitative information, and functions as a guide for you to analyze the degree of impact.
This report discusses an overview of the market, the latest FPSO project updates, important commercial developments and structural trends, and government policies and regulations in the region.
This section provides an assessment of COVID-19 impact on Floating Production Storage and Offloading (FPSO) Market demand in the region.
The report provides Brazil Floating Production Storage and Offloading Market capital expenditure and demand forecast until 2028, including year-on-year (YoY) growth rates and CAGR.
The report examines the critical elements of Floating Production Storage and Offloading vessel industry supply chain, its structure, and the participants.
Using Porter's five forces framework, the report covers the assessment of the Floating Production Storage and Offloading (FPSO) industry's state of competition and profitability.
The report dissects Brazil Floating Production Storage and Offloading (FPSO) Market into various segments based on construction type (new build, converted hull), on water depth (shallow water, deep water, ultra deep water), and hull type (single hull, double hull).
A detailed summary of the current scenario, recent developments, and market outlook will be provided for each segment.
Further, market capex (size) and demand forecasts will be presented along with various drivers and barriers for individual market segments.
Effective market segmentation enables you to identify emerging trends and opportunities for long-term growth. Contact us for a "bespoke" market segmentation to better align the research report with your requirements.
This report presents detailed profiles of Key FPSO contractors and operators in the Floating Production Storage and Offloading (FPSO) industry. The report covers all the major players in the FPSO business for example SBM Offshore NV, BW Offshore, etc. In general, each company profile includes - an overview of the company, relevant products and services, a financial overview, and recent developments.
The report provides a comprehensive list of notable companies in the regional market, including mergers and acquisitions (M&As), joint ventures (JVs), partnerships, collaborations, and other business agreements.
The study also discusses the strategies adopted by leading players in the industry.
The executive summary will be jam-packed with charts, infographics, and forecasts. This chapter summarizes the findings of the report crisply and clearly.
The report begins with an executive summary chapter and ends with conclusions and recommendations.
Get a free sample copy of the Brazil Floating Production Storage and Offloading (FPSO) Market report by clicking the "Download a Free Sample Now!" button at the top of the page.
Also, take a look at our Global FPSO industry outlook report based on our extensive global FPSO market analysis.
Check the detailed analysis of FPSO market of various regions (covers key countries in each region):
1. Executive Summary
2. Research Scope and Methodology
3. Market Analysis
4. Industry Analysis
5. Market Segmentation & Forecast
6. Key Company Profiles
7. Competitive Landscape
8. Conclusions and Recommendations
List of Tables & Figures
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