- The key vendors in the Global FPS Market 2014-2018 are BW Offshore Ltd., CNOOC Ltd., Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME), ExxonMobil, Hyundai Heavy Industries Co. Ltd., Petrobras, Samsung Heavy Industries Ltd. (SHI) and SBM Offshore NV.
London, 21 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global FPS Market 2014-2018. One key trend upcoming in this market is the increase in deep water and ultra-deep water discoveries. FPS technology is considered to be the most suitable technology for oil production in deep water and extreme climatic conditions. The overall market is expected to grow at a CAGR of 19.4 percent during the forecast period of 2013-2018.
An FPS is an offshore production facility that is used to produce hydrocarbons; to separate oil, water, gas, and sand; and to distribute yields to storage, disposal, or transportation facilities. It is an essential component required for offshore oil and gas developments and is used for drilling and exploration activities in offshore oil and gas production at all water depths.
“Governments have shifted their focus toward offshore oil and gas exploration so as to increase the production of oil and gas to meet the increased demand, and establish reserves for their energy security needs,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
