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Global FPSO Market Estimated to Reach US$ 66 Bn by 2026. The global FPSO Market was valued at around US$ 25 Bn in 2017 and is anticipated to expand at a CAGR of around 12% from 2018 to 2026.
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©2019 Transparency Market Research, All Rights Reserved Fpso Vessels Equipments Market (Propulsion - Self-propelled, Towed; Hull Type - Single-hull, Double-hull; Application - Shallow Water, Deep Water, Ultra-deep Water; Type - Converted, New-build, Redeployed; Operator - Small Independent, Large Independent, Leased Operator, Major and National Oil Companies - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2026 ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved Table of Content Sr. No. Content Chapter1 Preface Chapter 2 Assumptions and Research Methodology Chapter 3 Executive Summary Chapter 4 Global FPSO Market Analysis, by Type Chapter 5 Global FPSO Market Analysis, by Operator Chapter 6 Global FPSO Market Analysis, by Application Chapter 7 Global FPSO Market Analysis, by Hull Chapter 8 Global FPSO Market Analysis, by Propulsion Chapter 9 Global FPSO Market Analysis and Forecast, by Region Chapter 10 North America FPSO Market Analysis Chapter 11 Europe FPSO Market Analysis Chapter 12 Asia Pacific FPSO Market Analysis Chapter 13 Latin America FPSO Market Analysis Chapter 14 Competition Landscape
©2019 Transparency Market Research, All Rights Reserved Fpso Vessels Equipments Market: Snapshot • A floating production storage and offloading (FPSO) vessel is a type of floating production system used for offshore production, storage, and offloading of oil and gas. Generally, an FPSO vessel is a converted oil tanker or a newly constructed unit. An FPSO is often similar in appearance to a ship and is equipped with production and processing facilities onboard. Furthermore, FPSOs consist of offloading facilities for the purpose of transporting processed oil and gas to onshore receiving facilities through a shuttle tanker. • The FPSO market is expected to expand at a rapid pace during the forecast period due to rise in investment in offshore oil and gas exploration, especially in deep-water (500 to 1,499 meters) and ultra-deepwater (1,500 meters and above) areas. The depletion of existing oil and gas fields is leading to a rise in concerns regarding the exploration of new oil and gas fields in a bid to meet energy requirements in the near future. Request Brochure ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved Reports Highlights • Demand for floating production storage and offloading (FPSO) units is expected to surge with increased investment in offshore exploration of oil and gas, especially in deepwater and ultra-deepwater areas. Depletion of existing onshore oil and gas fields is pushing exploration activities to offshore deepwater areas. Currently, the exploration of oil and gas is concentrated in offshore fields, primarily in areas such as the North Sea, Brazil, and West Africa. Increase in demand for oil and gas due to rise in consumption of fuel is driving development and increasing investment in new oil and gas fields globally. • Furthermore, demand for FPSOs is expected to rise during the forecast period due to expansion in the upstream oil and gas industry, supported by government incentives to boost offshore oil and gas exploration. FPSO vessels are capable of receiving or extracting raw hydrocarbons from the sea bed and processing them onboard. Additionally, FPSOs are equipped with temporary onboard oil and gas storage facilities. ©2019 Transparency Market Research, All Rights Reserved Request Sample
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