Insight
Consolidation and competition: the future of the FPSO contractor market
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The FPSO contractor market is undergoing consolidation. SBM Offshore and Modec have cemented their position as clear market leaders, underpinned by standardised newbuild programmes and long-term shipyard partnerships. Asian players such as Yinson are emerging as credible global alternatives, while mid-tier contractors navigate restructuring and strategic reviews. Meanwhile, leading shipyards are pursuing vertical integration strategies that could yet produce a credible new top-tier entrant. This insight examines consolidation dynamics across the FPSO supply chain and assesses the competitive outlook for each tier of the market over the coming decade.
Table of contents
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Executive Summary
- SBM Offshore and MODEC cement their lead
- Yinson leads Asia's drive into global markets
- Mid-tier players at a crossroads
- Shipyard repositioning and vertical integration
- The financial dimension of consolidation
- A more concentrated market takes shape
Tables and charts
This report includes the following images and tables:
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New build FPSO awards and standardised new build opportunities 2019-2030FPSO awards 2017-2026 YTD (inc. lease, operation and maintenance, EPCI and BOT contracts)
What's included
This report contains:
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