Global Floating Production Systems Market Outlook to 2022 - Market Analysis by Geography, Type (FPSO, TLP, Spar, Barge), Water Depth, Competitive Landscape, Key Company Information - Growth Trends and Forecasts

Published - Jan 2017 | Category - Energy and Power | No. of Pages - 134 | Published By - Mordor Intelligence

Report Highlights

Floating production systems are used for drilling and production operations in oil and gas fields. Floating Production Storage and Offloading vessels, or FPSOs, are offshore production facilities that house both processing equipment and storage for produced hydrocarbons.

FPSOs are basically a vessel equipped with processing equipment, topsides and hydrocarbon storage facilities. After processing FPSOs store natural gas in the storage space before offloading them periodically to shuttle tankers or pipelines. An FPSO differs from a TLP or jacket structure facility in that it has the capacity to store oil and gas which can be fed directly to transportation tankers or which can fill directly from single buoy mooring or alternatively can be fed to a pipeline.

The prime objective of the FPSO operations services is safe and cost-effective operations and delivery of oil & gas products to the shuttle tankers and/or to shore in line with the agreements and budget criteria of oil companies.

Ever increasing energy demand, increasing offshore new exploration and production activities, increasing investments in oil and gas industry are driving the market. On the flip side, environmental issues, reliability of the subsea units and costs associated with intervention operations are restraining the market from growth.

North America is expected to lead the floating production market in the coming decade, as the regions new exploration activity is at its all time high and the operators are often forced to work in much deeper waters which require sophisticated technology and equipment. On the flipside, maintenance and operational issues, costs associated with operating in subsea environment and government policies are constraining the market from growth.

What the Report Offers

· Market Definition for the floating production systems along with identification of key drivers and restraints for the market.

· Market analysis for the global floating production systems market, with country specific assessments and competition analysis on both country and regional scale.

· Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on both country and regional scale.

· Extensively researched competitive landscape section with profiles of major companies along with their share of markets.

· Identification and analysis of the Macro and Micro factors that affect the global floating production systems market on both country and regional basis.

· A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

Reasons for Buying this Report

1)For gaining an exhaustive understanding of the worldwide market for floating production systems. Would be of assistance in providing a comprehensive analysis of the major trends, innovations and associated prospects for market growth over the coming half a decade

2)An ideal opportunity for industry consultants, pump manufacturers and other interested and allied parties to gain a critical insight into the factors driving and restraining the market, in addition to opportunities offered

3)Wide-ranging information provided about the leading market players and the major strategies adopted by them
 

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