Floating Production System Market 2016 Size, Trends, Growth, Analysis and Forecasts
FPS are offshore production facilities that are used for the production of hydrocarbons. The process involved separates oil, water, gas, sand, and so on, and distributes the yields to storage, disposal, or transportation facilities. FPS are an essential component required for offshore oil and gas developments. FPS are used for drilling and exploration activities in offshore oil and gas production at various water depths. Main types of FPS include FPSO, production semisubmersibles, TLP, SPARS, and others. Globally, the most common types of FPS units are FPSOs. FPSOs are ship-shaped vessels, which have a processing equipment and hydrocarbon storage capabilities. After processing, an FPSO stores oil or gas before unloading to shuttle tankers or transporting hydrocarbons through pipelines.
Publisher’s analysts forecast the global floating production system (FPS) market to grow at a CAGR of 17.89% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global floating production system (FPS) market for 2016-2020. To calculate the market size, the report considers the the future demand for FPS in the oil and gas industry.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Publisher’s report, Global Floating Production System (FPS) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- BW Offshore
- Chevron
- Petrobras
- Shell
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Other prominent vendors
- Golar LNG
- Petronas
- MODEC
- SBM Offshore
- TOTAL
- BP
Market driver
- Persistent oil and gas demand and production
- For a full, detailed list, view our report
Market challenge
- Investment justification in era of low oil prices
- For a full, detailed list, view our report
Market trend
- Rise in deepwater and ultra-deepwater exploration
- For a full, detailed list, view our report
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