Global Floating Production Storage and Offloading Market to grow at a CAGR of 12.9% over the period 2014-2019; Finds New Report

Report forecast the global floating production storage and offloading market to grow at a CAGR of 12.9% over the period 2014-2019.

FPSO is a type of floating tank unit used by the offshore oil and gas industry to collect the oil or gas produced from nearby platforms or subsea templates, process them, and store them until the oil or gas can be offloaded onto a shuttle tanker or exported via a pipeline. These systems come in a variety of sizes, shapes, production capacities, and costs. They range from relatively small units with 30,000 bpd processing plants to mega units capable of processing more than 250,000 bpd. Most units are ship shape, but there are few cylindrical FPSOs also. Capex for an FPSO can range from less than $200 million to more than $2 billion, depending on production plant capacity, design life, operating environment, and other factors.

The global floating production storage and offloading market can be segmented into two divisions based on application: shallow water and deep and ultra-deep water.

According to the report, in recent years, maturing onshore oil reserves have triggered a shift from onshore to offshore reserves such as deepwater and ultra-deepwater reserves to increase oil and gas production. Currently, subsea production activities are growing because of depleting oil reserves worldwide. Production levels of oil and gas worldwide will likely rise significantly on the back of a sharper focus on oil recovery in offshore reserves. This will not only help to improve the current supply-demand imbalance prevailing in the market, but also stabilize volatile oil prices.

Global Floating Production Storage and Offloading Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, EMEA, and APAC; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions

• Americas
• APAC
• EMEA

Key players in the global floating production storage and offloading market: BW Offshore, Chevron, CNOOC, ExxonMobil and Petrobras

Other Prominent Vendors in the market are: MODEC, SBM Offshore and Total

Market Driver

• Advantages of FPSO
• For a full, detailed list, view our report

Market Challenge

• Increased Environmental Impacts
• For a full, detailed list, view our report

Market Trend

• Rapid Advances in Technology
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 73 pages, “Global Floating Production Storage and Offloading (FPSO) Market 2015-2019” report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Water Depth, Geographical Segmentation, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://mrr.cm/4nA

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