Floating Production Storage and Offloading Industry Analysed & Projected through 2015 by GlobalData04 May 2012 • by Natalie Aster
The global Floating Production Storage and Offloading (FPSO) market is dominated by the Middle East and Africa, accounting for nearly a third of the global FPSO-based crude oil and natural gas production capacity of 5,197.01 million barrels of oil equivalent (MMboe) in 2011. South and Central America and Asia-Pacific contribute 27.3% and 21.8%, respectively, to the global FPSO-based production capacity.
According to the report “Floating Production Storage and Offloading (FPSO) Industry - Global Market Analysis, Competitive Landscape and Planned Projects to 2015” by GlobalData, FPSOs are gaining popularity due to their characteristics which provide ease of operations and mobility. FPSO vessels can be moved and moored in shallow, deep and ultra-deep waters. These vessels can be designed to withstand and operate in harsh environmental conditions in the sea. If required, an FPSO can be disconnected with a day’s notice and sailed to a safer location to avoid the damage caused by adverse weather. This mobility of FPSOs can help oil and gas companies operating in tough environmental conditions to avoid monetary losses arising from such damage.
Floating Production Storage and Offloading (FPSO) Industry - Global Market Analysis, Competitive Landscape and Planned Projects to 2015
Published: March, 2012
Price: US$ 3.995,00
Harsh environmental conditions damaging fixed production infrastructure offshore have provided momentum to the growth of FPSO industry. Adverse weather conditions such as hurricanes and storms damage the offshore infrastructure at oil and gas fields. Fixed platforms are the most affected in such cases as these cannot be moved and are susceptible to extensive damage. In contrast, FPSOs with disconnectable turret-buoy mooring systems can be disconnected to move to a safer place in the event of destructive weather conditions.
More information can be found in the report “Floating Production Storage and Offloading (FPSO) Industry - Global Market Analysis, Competitive Landscape and Planned Projects to 2015” by GlobalData.
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