Press release
Early Production Facility Market By Top Players Schlumberger, Expro Group, Weatherford International, Pyramid E&C, SMIP, Frames, EN-FAB, TETRA Technologies, SUEZ, Global Process Systems, CPPE, Penspen, OilSERV, Roska DBO
Early Production Facility Market
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The early production facilities are capable of handling a wide range of working conditions including diversified flow patterns, temperature, and pressure. Speaking of capacity, these units can support a range of 1,000 bb/d to 50,000 bb/d. These EPFs are available in the market as turnkey and customized solutions as per the O&G project need. Shifting preference of cost-sensitive customers towards EPFs over centralized processing facilities to enhance their profits will stimulate the market growth.
Based on the component terrain, early production facility market is segregated into flare system, flue gas processing, produced water treatment, oil dehydration desalting & heating, dew point control units, gas dehydration, gas sweetening, two & three phase separation, and others.
Growth Drivers:
o Increasing investment toward exploration and production activities
o Depleting rate and maturity of oilfields
o Volatile crude oil prices
Elaborating on the application scope, rising number of depleting and mature onshore O&G sites is facilitating the deployment of early production facilities across onshore applications. These units are installed temporarily to extract remaining 10% resources from the reserves. The use of EPF is commercially more viable as compared to central production facilities, thereby contributing towards the segmental growth.
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Considering the regional landscape, early production facility market across North America, Latin America, and Europe is estimated to register substantial gains during 2020-2026, cites the report. Rising production of shale gas in the United States, in consort with substantial production across Norway and Brazil will positively influence the respective regional market trends. Industrial oversupply, along with advancements in drilling technology such as fracturing and directional drilling will further boost the growth of early production facility market.
The major companies operating in early production facility market are OilSERV, Petrocil, Roska DBO, Penspen, TETRA Technologies, CPPE, Global Process Systems, SUEZ, Frames, EN-FAB, SMIP, Weatherford International, Pyramid E&C, Schlumberger, and Expro Group. These market colossuses are investing heavily on research and development with an objective to unleash technologically advanced facilities together with undertaking strategic collaborations to augment product offerings and market footprints.
Table of content:
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimates & forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources
Chapter 2 Executive Summary
2.1 Early production facility market 3600 synopsis, 2015 - 2026
2.1.1 Business trends
2.1.2 Component trends
2.1.3 Application trends
2.1.4 Regional trends
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