Global FPSO Market is expected to grow USD+ 30 Billion by 2025.
The global Floating Production Storage Offloading (FPSO) market is in growing phase on account of an increased focus on the development of offshore oil & gas production. The offshore production of hydrocarbon has been the major thrust area in the world due to the immense potential of the extraction of hydrocarbons from the sea bed. FPSOs find application, especially in fields that are too far offshore for building an economical pipeline infrastructure. Most FPSOs operational today are also capable of operating in harsh environments that offshore fields present.
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Top Key Players:
BP, Petronas, Chevron, ExxonMobil, Shell, Petrobras, Bumi Armada Berhad, SBM Offshore, BW Offshore, MODEC, Bluewater Energy Services B.V., Aker Solutions ASA, Yinson Holdings Berhad, Teekay Corporation, among others.
The transformed FPSO market recorded an annual deployment of 7 units in 2018. High potential to renovate & redistribute numerous outdated single-hulled containers will create a lucrative market for these units. Furthermore, key industry players, driven by international maritime legislation are invariably seeking redeployment opportunities for such depreciating assets to FPSO vessels. Short development schedule along with relatively lower capital investment associated with the converted units is another major factor encouraging their deployment across the industry.
The global FPSO Market has numerous product types which can be classified into Oil, LPG, LNG, Others
Market split by application: Nitrogen generation, Seawater injection, Fuel gas treatment, Produced water, Crude oil separation, and Chemical injection
Categorized by its carrier type, the global market is segmented into Converted Ship, New-build Ship, and Redeployed
The depth of water generally ranges: Shallow Water, Deep Water, and Ultra-Deep Water
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An effective collection of tables, graphs, charts, and pictures presented in this research report gives a clear idea of the FPSO market and it makes a strong foundation for understanding the concepts easily. Additionally, it discusses strategic planning and resource utilization which helps to boost the performance of the businesses. It offers key regulations, policies, and rules of the government to drive the business successfully.
Key highlights of this research report:
- Overview of the key market segments propelling or hampering the market growth
- It offers a 360-degree overview of the competitive landscape
- Analysis of the demand-supply chain of the global FPSO market
- It helps to make informed business decisions for the businesses
- It offers a detailed analysis of recent trends, tools, and technological advancements
- Assessment of competitive dynamics
- Different sales methodologies which help to increase the sale of the businesses
- The regional analysis of various market segments and sub-segments
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