Global FPSO Market 2018, Comprehensive Analysis, Industry Survey, Growth and Major Policies Report

Our latest research report entitled FPSO Market (by product type (oil, LPG and LNG), carrier type (converted ship, new build ship and redeployed)) provides complete and deep insights into the market dynamics and growth of FPSO. Latest information on market risks, industry chain structure FPSO cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential FPSO growth factors.

The forecast FPSO Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, FPSO on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to report, the global FPSO market is projected to grow at a CAGR of 12% over the forecast period of 2018-2024.

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Onshore and Offshore Activities to Promote Growth in the FPSO Market

The oil and gas companies have pushed the exploration of oil and gas from onshore and offshore areas, which is driving the growth of the FPSO market. In addition, FPSOs have also become more popular in the oil industry because of their lower cost relative to traditional offshore oil platforms. The demand for FPSO is anticipated to rise owing to the expansion in the oil and gas industries along with the incentives that are supported by the government that is boosting the growth of the FPSO market. However, construction and building of new FPSO require a high initial investment, which is the restraining factor for the growth of the FPSO market. Furthermore, demand new-build and converted FPSO vessels have increased due to the declining rate of new onshore oil discoveries to historic low levels and from technology that enables efficient deep-water oil exploration in extraordinary ocean depths. This, in turn, is providing huge growth opportunities for the key players in the FPSO market.

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South America Region to Contribute to Growth in the Global FPSO Market

South America dominated the FPSO market. The growth in the FPSO is due to the huge investment in the upstream activity related to reserves of hydrocarbons. Moreover, the National Oil Company of Brazil, Petroleo Brasileiro (Petrobras) has the most constructive plans for the development of the country's sub-salt hydrocarbon resources in the Santos and Campos basins through FPSOs. Expansion in the FPSO market in Brazil is attributed to the increasing investment in the exploration of deep-water areas.

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Yinson moves closer to the RM484mil sale of a stake in FPSO unit

In November 2017-Yinson Holdings Bhd entered into an agreement with a Japanese consortium for sale of 26% of stake in its FPSO unit in Ghana. Yinson said the proposed disposal was an opportunity for the Yinson group to partially monetize its investment in YPWAPL at an attractive price, and free up its financial resources to expand and bid for future projects.

In a Bursa Malaysia filing, Yinson said it was selling the 53.74 million shares in YPWAPL to JJVC, whose shareholders are Sumitomo Corp, Kawasaki Kisen Kaisha Ltd (“K” Line, one of Japan’s largest shipping firms) and JGC Corp.

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