The Floating Production Storage and Offloading (Offtake) unit (FPSO) special report analyses where the industry has come from since its infancy in the 1970s, where it is now and what the future holds. The message couldn’t be better – the market is set for growth.
Key highlights:
Marginal oilfields becoming attractive financially
Increasing oil and gas exploration and development work
World offshore oil production forecast to increase by 43% by 2008
World offshore gas production set to soar by 83% by 2008
Demand for newbuild FPSOs increasing
2005 will see the world’s first newbuilding LPG FPSO
Through detailed research and analysis examines the crucial factors and market areas within the FPSOs industry – past, present and future.
Executive summary:
Introduction – a history
Demand influences in the
FPSO market FPSOs by capacity, operational and firm projects
Future prospects
FPSOs by type:
Aframax FPSOs
Suezmax FPSOs
Vlcc/Ulccs
Specialist FPSOs
LNG (liquid natural gas) FPSOs
LPG (liquid petroleum gas) FPSOs
CNG (compressed natural gas) FPSOs
Outlook:
Flexible FPSO designs
‘Fast track’ packages in one unit
Mooring systems for any weather condition
FPSOs - A market set for growth
This special report is essential reading for anyone involved in the FPSO market by providing key data and insights. Significant contributing factors to current and future growth include:
High oil prices and strong demand for oil are triggers for marginal oilfields becoming more attractive financially. Many will utilise or require FPSOs.
By 2008, world offshore oil production is forecast to increase by 43% while offshore gas production is set to soar by a staggering 83%.
This suggests that forecasts of over 150 FPSOs being in service or on order by 2010 seem distinctly possible.
Main findings
The FPSOs special report provides an independent and detailed assessment of the FPSO industry – from its slow beginning in the 1970s to its current market situation. It also forecasts a healthy future and identifies the key factors for this.
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