Global FPS Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com

DUBLIN--()--The "Global FPS Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global floating production storage (FPS) market is in a growth phase, on account of the increased focus on the development of offshore oil & gas production. Due to the immense potential of extraction of hydrocarbons from the sea bed, the offshore production of hydrocarbon has been receiving significant thrust.

The increasing energy demand is expected to drive the floating production system market during the coming decade, as the region's new exploration activity is at an all-time high and the operators are often forced to work in much deeper waters, which require sophisticated technology and equipment. A floating production system typically consists of buoys, turret moorings, and offshore loading towers. The usage of FPS is flexible and can be transferred from location to the other, without much hassle.

North American region is expected to witness significant growth during the forecast period. The improvement in oil prices has led to improved sentiments in the upstream sector in recent months, and companies operating in exploration and production are willing to invest.

Brazil is anticipated to dominate the market's growth, on account of the widespread development of offshore exploration fields. The country is likely to witness the development of fields in the sub-salt and post-salt areas, in the deep and ultra-deep offshore areas. The National Oil Company of Brazil, Petroleo Brasileiro, has outlined aggressive plans for the development of the country's sub-salt hydrocarbon resources in the Santos and Campos basins, mainly through FPSs.

Companies Mentioned

  • Baker Hughes Inc.
  • BUMI Armada Berhad
  • Daewoo Shipbuilding & Marine Engineering Co. Ltd
  • Halliburton Company
  • Keppel Offshore and Marine Ltd
  • Malaysia Marine and Heavy Engineering SDN BHD
  • Mitsubishi Heavy Industries Corporation
  • Nabors Industries Ltd
  • Pipavav Defence and Offshore Engineering Company Ltd
  • Samsung Heavy Industries Co. Ltd
  • SBM Offshore
  • Schlumberger Limited
  • Technip SA
  • Teekay Corporation
  • Weatherford International

Key Topics Covered:

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Value Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

10. Competitive Landscape

11. Disclaimer

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Related Topics: Oil and Gas Exploration and Production, Oilfield Equipment and Services

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Oil and Gas Exploration and Production, Oilfield Equipment and Services