Press release
Comprehensive analysis on FPSO Market | Key Players are: SBM Offshore, Technip, KBR, Saipem, Samsung Heavy Industries, DSME, Hyundai Heavy Industries, Petrobras, MODEC, Woodside Petroleum, CNOOC, Bumi Armada and BW Offshore
FPSO Market
FPSO Market is predicted to reach over USD 30 Billion by 2025. Ongoing offshore exploration & production activities driven by diminishing onshore oil & gas reserves will drive the FPSO market growth. Development challenges associated with fixed infrastructures including site accessibility, excessive costs, environmental conditions and decommissioning issues will further favor the deployment of FPSOs as a viable alternative. Moreover, growing inclination toward fast-track floating solutions along with advancement in subsea technologies will continue to accelerate the industry growth.
Request a sample of this premium report at https://www.marketstudyreport.com/request-a-sample/467820?utm_source=openpr.com&utm_medium=Abhijeet
Key industry players operating in the FPSO market include SBM Offshore, Technip, KBR, Saipem, Samsung Heavy Industries, DSME, Hyundai Heavy Industries, Petrobras, MODEC, Woodside Petroleum, CNOOC, Bumi Armada and BW Offshore amongst others.
Rising focus toward discovery and development of smaller reserves located at remote offshore locations will strengthen the FPSO market growth. In January 2018, Chevron Corporation proclaimed the discovery of an ultra-deep sea oil reserve at a water depth of almost 1,900 meters, offshore in the U.S. Gulf of Mexico. Additionally, the redeployment potential of these units to a different production site upon exhaustion of one, along with their ability to withstand severe weather conditions will escalate the product demand.
The converted FPSO market in 2018, witnessed an annual deployment of 7 units. High potential to redeploy & refurbish numerous retired VLCC and ULCC vessels will positively influence the deployment of these units. Moreover, key industry players being driven by international maritime regulations are invariably seeking redeployment and conversion for such assets to FPSO vessels. Relatively much lower capex along with shorter development schedule associated with these units is yet another factor encouraging the deployment of these vessels.
New built FPSO market will witness strong growth on account of growing investments toward development of deep and ultra-deep-water reserves. Optimum design parameters, flexible to field life extension and lower operational cost along with advanced safety features are analyzed to be the key features that will accelerate the product penetration. Advancements in offshore technologies, including double hull & cylindrical hull designs and separable turret system will further attract investments across the industry. However, much higher capex and longer project schedules as compared to its converted alternative may restrain the deployment of these vessels.
Request a discount on standard prices of this premium report at https://www.marketstudyreport.com/check-for-discount/467820?utm_source=openpr.com&utm_medium=Abhijeet
Shifting trends toward development and production from ultra-deep offshore reserves favored by evolving drilling and seismic technologies along with wide presence of proven deep-water reserves will positively influence the ultra-deep FPSO market. According to the EIA, oil production from ultra-deep waters has increased by 25 percent in a decade, increasing from 7 million bpd extracted in 2005 to 9.3 million bpd in 2015.
Latin America FPSO market will witness robust growth owing to the positive outlook of state owned companies favored by supportive government initiatives along with recent discovery of substantial pre salt oil reserves. According to Petrobras, Campos and Santos basins located offshore in Brazil have an estimated 6 billion barrels reserve of pre salt oil. Additionally, Brazil?s recent local content regulation implying easier and lower requirements with reduction in fines for E&P contracts will escalate the vessel deployment across the country.
Report Content
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 FPSO Industry Insights
Chapter 4 FPSO Market, By Product
Chapter 5 FPSO Market, By Water Depth
Chapter 6 FPSO Market, By Region
Chapter 7 Company Profiles
buying decision on this premium report https://www.marketstudyreport.com/enquiry-before-buying/467820?utm_source=openpr.com&utm_medium=Abhijeet
Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog
About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Comprehensive analysis on FPSO Market | Key Players are: SBM Offshore, Technip, KBR, Saipem, Samsung Heavy Industries, DSME, Hyundai Heavy Industries, Petrobras, MODEC, Woodside Petroleum, CNOOC, Bumi Armada and BW Offshore here
News-ID: 1795733 • Views: …
More Releases from Market Study Report LLC
COVID-19 Detection Kits Market Size o witness substantial growth during 2020-202 …
The research report on ‘COVID-19 Detection Kits market’ scrutinizes the current industry scenario to predict market size, market share, and projects valuation for different segmentations of the industry over 2020-2026. It provides business intelligence regarding various factors driving the industry growth in consort with discussing the challenges faced by the industry, and the approaches followed by market players to counter their impact. COVID-19 Detection Kits Market size to grow with…
What's driving the Small Satellite Market trends? Raytheon, Lockheed Martin, Nor …
Market Study Report LLC adds new research on Small Satellite market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Small Satellite market also includes an in-depth study of the industry competitive scenario.
The global Small Satellite market is valued at 1340 million US$ in 2018…
What's driving the Antibiotics Market trends? Sanofi, Novartis AG, Pfizer Inc., …
Market Study Report LLC has added a new report on Antibiotics market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Antibiotics market in tandem with its competitive terrain.
The antibiotics was valued at US$ 43,348.38 million in 2019 and is…
What's driving the Electrical House (E-House) Market trends? Schneider Electric, …
Market Study Report LLC has added a new report on Electrical House (E-House) market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Electrical House (E-House) market in tandem with its competitive terrain.
Electrical House (E-House), also called Power House, is…
More Releases for FPSO
Global FPSO Industry Outlook - Announced FPSO Additions by Key Operators, Scope, …
Market Research Hub (MRH) has actively included a new research study titled Q1 2019 Global FPSO Industry Outlook - Australia Leads FPSO Deployments in Asia-Pacific to its wide online repository. The concerned market is discoursed based on a variety of market influential factors such as drivers, opportunities and restraints. This study tends to inform the readers about the current as well as future market scenarios extending up to the period…
FPSO Market | Key Players - MODEC, Inc., SBM Offshore N.V., BW Offshore, Bluewat …
As per the current market trends and the promising nature of the “Global FPSO Market” market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, Market Research Reports Search Engine would be publishing a resourceful analysis that will enclose knowledge about the regional market size, revenue and opportunity status. Readers will be offered the privilege to decode various…
Q1 2017 Global FPSO Industry Outlook: Surge in Planned FPSO Delays
About 54 FPSOs are expected to start operations globally over the next four years. South America will continue to lead globally with planned deployment of around 23 FPSOs, followed by Africa and Europe by 2021. Among countries Brazil continues to be the leader, followed by the UK and Angola. Petrleo Brasileiro S.A. and Royal Dutch Shell Plc and Cobalt International Energy Inc are expected to be key global players among…
Global FPSO Industry Outlook Q1 2017 : Surge in Planned FPSO Delays
“The Report Q1 2017 Global FPSO Industry Outlook: Surge in Planned FPSO Delays provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz”
About 54 FPSOs are expected to start operations globally over the next four years. South America will continue to lead globally with planned deployment of around 23 FPSOs, followed by Africa and Europe by 2021. Among countries Brazil continues to…
Global FPSO Market: Redeployed FPSO Systems Score High in Demand, Says TMR
According to Transparency Market Research, the competitive landscape in the global floating, production, storage, and offloading vessels is expected to grow stronger over the coming years. Mergers and acquisitions are among the more common consolidation strategies being carried out in the market. The market was led in 2015 by players such as Bumi Armada Berhad, Bluewater Energy Services B.V., and BW Offshore.
The TMR research report reveals that the global FPSO…
Q1 2017 Global FPSO Industry Outlook: Surge in Planned FPSO Delays
ReportsWorldwide has announced the addition of a new report title "Q1 2017 Global FPSO Industry Outlook: Surge in Planned FPSO Delays" to its growing collection of premium market research reports.
About 54 FPSOs are expected to start operations globally over the next four years. South America will continue to lead globally with planned deployment of around 23 FPSOs, followed by Africa and Europe by 2021. Among countries Brazil continues to be…
