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Floating Production Storage and Offloading (FPSO) Vessel Market 2023 Driving Factors Forecast Research 2029

04-27-2023 09:34 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Floating Production Storage and Offloading (FPSO) Vessel Market

Floating Production Storage and Offloading (FPSO) Vessel Market

A FPSO vessel is a ship-shaped offshore, self-sustaining, seaworthy platform able to produce oil, continuously over the life of an oil field. FPSO eliminates the need for uploading expensive long-distance pipelines to an onshore terminal. Moreover, in case of bad weather, FPSO releases risers/mooring and steam to safety. Certainly, there are several factors that augments the growth of the global market, such as growing investment in deep and ultra-deep exploration of oil reserves along with advancement in subsea technologies.

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The global FPSO vessel market is further analyzed on the basis of geographical regions, including North America, Europe, Asia-Pacific, and Rest of the World. Among these regions, Rest of the World, which includes South America and Middle East and Africa, is projected to hold a significant share in the global FPSO vessel market in 2018. The development of large capacity new build FPSO vessel for ultra-deep oil fields across the Middle East and Africa, particularly in Angola and Nigeria, is one of the prominent factors for the growth of the FPSO market in rest of the world. In South America, the supportive government initiatives to the state-owned companies for oil field exploration, is a major factor for the market growth in the region. The major offshore fields situated in South America includes Campos and Santos. In February 2019, Petroleo Brasileiro S.A. announced the development of offshore field in Brazil Lula Field, with which the company is planning to reach 7.5 million barrels per day by 2030.

full report of Floating Production Storage and Offloading (FPSO) Vessel Market available @ https://www.omrglobal.com/industry-reports/fpso-vessel-market

• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

The Report Floating Production Storage and Offloading (FPSO) Vessel Market Segmentation
By Type
• Converted
• New build
• Redeployed

By Application
• Shallow Water
• Deep Water
• Ultra-Deep Water

By Region
North America
• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America

The Report Covers:
• Comprehensive research methodology of the global FPSO vessel market.
• This report includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global FPSO vessel market.
• Insights about market determinants which are stimulating the global FPSO vessel market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/fpso-vessel-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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