Brazil has for decades been the king of the floating production, storage and offloading vessel market, and it should easily retain the crown for years to come as oil companies operating in the South American nation continue to opt for FPSOs to develop their hydrocarbons resources.

Petrobras already has dozens of FPSOs spread across the southeastern coast, with many more to be installed in the next few years, but not all future demand will come from the Brazilian state-controlled oil company.