Floating Production, Storage, and Offloading (FPSO) is a floating tank system used by the oil and gas industry particularly in offshore operations. Floating production vessels are built with processing facilities, allowing it to handle the oil or gas it receives from nearby platforms or templates. Processed oil or gas is stored in the FPSO until a sufficient amount has been collected to fill a tanker. At which point, the unit offloads the stored material using a loading hose into a tanker going ashore.
FPSO vessels are popular as they can be easily moved and installed to nearby platforms and also allow for easy transportation of oil to tankers or pipelines. Once an existing field has been depleted FPSO can then be moved to other locations. This makes them suitable for smaller fields which can be depleted quickly and avoids the need for installing permanent expensive pipelines.
The vessels often take the form of traditional tankers. In addition to dedicated vessels that are designed for FPSO, oil and gas tankers can be converted to an FPSO vessel which also makes them an economical and flexible option
Several factors drive the FPSO industry developing, such as rising demand of oil, mostly from developing economies, depleting easily accessible oil reserves, and so on.
Entering 2010, with the global economic recovery from financial crisis, the demand for oil has a large growth and since then, FPSO market is regaining the pre-recession growth rate. In global FPSO industry, Korea, Singapore and China are still the largest three manufacturing countries and contributed to more than 80% of the total FPSO products.
In the next few years, with the stable improvement of global economic, FPSO industry will develop stably, as well as other offshore engineering equipment.
The global Floating Production Storage and Offloading (FPSO) market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Floating Production Storage and Offloading (FPSO) volume and value at global level, regional level and company level. From a global perspective, this report represents overall Floating Production Storage and Offloading (FPSO) market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Jiangsu Qili
HFM
Nantong Metal forming
Zhejiang Weili
Rongcheng Metal Forming
Schuler
Jier Machine-tool
...
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Spread Mooring
Single Point Mooring (SPM)
Dynamic Positioning (DP)
Segment by Application
Shallow Water
Deep Water
Ultra-deep Water
Summary:
Get latest Market Research Reports on Floating Production Storage and Offloading (FPSO) . Industry analysis & Market Report on Floating Production Storage and Offloading (FPSO) is a syndicated market report, published as Global Floating Production Storage and Offloading (FPSO) Market Research Report 2019. It is complete Research Study and Industry Analysis of Floating Production Storage and Offloading (FPSO) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.