‘FPSO Market Expected to Reach $6.8bn’ Says visiongain Analyst
By Visiongain, PRNETuesday, July 12, 2011
LONDON, July 13, 2011 -
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Visiongain expects 2011 to be a promising year for the FPSO
market, with spending worldwide expected to reach $6.8bn. The
industry will expand considerably over the forecast period, with
high growth rates in capital expenditure. Visiongain’s report
reveals the exact forecast details taking into account a myriad of
aspects which will affect the FPSO sector.
Visiongain’s latest report, The Floating Production
Storage Offloading (FPSO) Market 2011-2021, analyses
this industry essential to the future of the energy sector. The
report reviews in detail the prospects of the FPSO market, which
will see continuous global expansion over the next ten years. The
report draws attention to exciting trends and developments within
the industry, which will shape the FPSO market over the coming
years. It highlights the 16 major national markets and delivers
insightful recommendations, based on geological, economic and
political factors.
As easily accessible oil reserves decline, major oil companies
are increasingly looking to offshore fields to replace depleted
reserves. In many cases the remote locations of oil deposits lack
adequate infrastructure to facilitate production. Thus, the FPSO
industry, with its excellent safety record, is well place to
benefit.
Changes in the oil price have a powerful influence over the
outlook of the FPSO industry. Limited supplies of oil, unrest in
the MENA region and demand from developing nations will add to the
inflationary pressures on the price of oil. This report expounds
the affects of price fluctuations, considering speculation, GDP
growth, energy demand, hydrocarbon reserves and currency
values.
The study’s assessment of the FPSO industry indicates the market
has undergone significant changes in the last 3 years. The
financial recession altered the proportions of FPSO vessels which
are owned or leased. Furthermore the recession moved the industry’s
emphasis away from newly built vessels towards converted FPSO
vessels. In addition, the advent of FDPSO ships and LNG FPSO
vessels has opened up a plethora of new opportunities for investors
and FPSO manufacturers alike.
The most significant threat to the FPSO market, apart from a low
oil price, is the popular pressure on firms and governments to
pursue renewable resources. The study shows why the FPSO industry
will thrive regardless of this challenge.
The Floating Production Storage Offloading (FPSO) Market
2011-2021,report details these trends providing
detailed global and regional market forecasts from 2011-2021.
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Table of Contents
1. Executive Summary
1.1 Summary of the Floating Production Storage and Offloading
(FPSO) Market
1.2 Benefits of the Report
1.3 Highlights of the Report
1.4 Methodology
1.5 The Global FPSO Market Forecast 2011-2021
1.6 The Leading National FPSO Market Forecasts 2011-2021
2. Introduction to the Floating Production Storage and
Offloading (FPSO) Market
2.1 The History of Floating Production Storage and Offloading
(FPSO)
2.2 Floating Production Storage and Offloading (FPSO)
Configuration
2.3 Floating Production Storage and Offloading (FPSO)
Weathervaning
2.4 Principal Floating Production Storage and Offloading (FPSO)
Features
2.5 Types of Floating Production Storage and Offloading
(FPSO)
2.5.1 Conversion Floating Production Storage and Offloading
(FPSO)
2.5.2 New Build Floating Production Storage and Offloading
(FPSO)
2.5.3 Conversion Floating Production Storage and Offloading (FPSO)
Vs. New Build Floating Production Storage and Offloading
(FPSO)
2.5.4 Disconnectable Floating Production Storage and Offloading
(FPSO)
2.5.5 Floating Drilling Production Storage and Offloading
(FDPSO)
2.5.6 Liquefied Natural Gas (LNG) Floating Production Storage and
Offloading (FPSO)
2.5.7 Liquefied Petroleum Gas (LPG) Floating Production Storage and
Offloading (FPSO)
3. The Global Floating Production Storage and Offloading (FPSO)
Market
3.1 The Global Floating Production Storage and Offloading (FPSO)
Market Forecast 2011-2021
3.2 Drivers and Restraints of the FPSO Market
3.2.1 Drivers
3.2.2 Restraints
4. The Leading National Floating Production Storage and
Offloading (FPSO) Markets
4.1 The Brazilian Floating Production Storage and Offloading (FPSO)
Market Forecast 2011-2021
4.2 The Nigerian Floating Production Storage and Offloading (FPSO)
Market Forecast 2011-2021
4.3 The Chinese Floating Production Storage and Offloading (FPSO)
Market Forecast 2011-2021
4.4 The UK Floating Production Storage and Offloading (FPSO) Market
Forecast 2011-2021
4.5 The Angolan Floating Production Storage and Offloading (FPSO)
Market Forecast 2011-2021
4.6 The Australian Floating Production Storage and Offloading
(FPSO) Market Forecast 2011-2021
4.7 The Vietnamese Floating Production Storage and Offloading
(FPSO) Market Forecast 2011-2021
4.8 The Indonesian Floating Production Storage and Offloading
(FPSO) Market Forecast 2011-2021
4.9 The Norwegian Floating Production Storage and Offloading (FPSO)
Market Forecast 2011-2021
4.10 The Thai Floating Production Storage and Offloading (FPSO)
Market Forecast 2011-2021
4.11 The Congolese Floating Production Storage and Offloading
(FPSO) Market Forecast 2011-2021
4.12 The Mexican Floating Production Storage and Offloading (FPSO)
Market Forecast 2011-2021
4.13 The Canadian Floating Production Storage and Offloading (FPSO)
Market Forecast 2011-2021
4.14 The US Floating Production Storage and Offloading (FPSO)
Market Forecast 2011-2021
4.15 The Equatoguinean Floating Production Storage and Offloading
(FPSO) Market Forecast 2011-2021
4.16 The Malaysian Floating Production Storage and Offloading
(FPSO) Market Forecast 2011-2021
4.17 The Rest of the World Floating Production Storage and
Offloading (FPSO) Market Forecast 2011-2021
5. SWOT Analysis of the Floating Production Storage and
Offloading (FPSO) Market 2011-2021
5.1 Strengths
5.1.1 Rising Oil Price
5.1.2 Flexibility
5.1.3 Strong Safety Record
5.1.4 Conversion
5.2 Weaknesses
5.2.1 Limited Application of FPSOs
5.2.2 Price of Raw Materials
5.3 Opportunities
5.3.1 Floating Drilling, Production, Storage and Offloading (FDPSO)
Units
5.3.2 LNG FPSOs
5.3.3 Active Leasing Market
5.4 Threats
5.4.1 Depleting Reserves of Oil
5.4.2 New Renewable Energy and Engineered Fuel Sources
5.4.3 Financial Recession
6. Expert Opinion
6.1 Bluewater Energy Services B.V.
6.1.1 Trends and Developments in the FPSO Industry
6.1.2 Bluewater Adjusting to Changes
6.1.3 Technical Issues in Deploying FPSOs
6.1.4 Exciting Technical Developments in the FPSO Market
6.1.5 Challenges to the FPSO Market
6.1.6 The FPSO Industry During the Recession
6.1.7 Government Legislation Affecting the FPSO Market
7. Leading Companies in the Floating Production Storage and
Offloading (FPSO) Market
7.1 A.P. Moller-Maersk
7.2 Aibel Group Limited
7.3 Aker Solutions ASA
7.4 Anadarko Petroleum Corporation
7.5 BHP Billiton plc
7.6 Bluewater Energy Services B.V.
7.7 Bumi Armada Berhad (BAB)
7.8 BW Offshore
7.9 CNOOC Limited
7.10 DPS Process Systems
7.11 Emas Offshore Constructions Limited (EOCL)
7.12 Eni
7.13 ExxonMobil
7.14 Ezra Holdings Limited
7.15 Fred Olsen Production
7.16 Hess Corporation
7.17 Höegh LNG Limited
7.18 KBR
7.19 Keppel Offshore & Marine
7.20 MISC Berhad
7.21 Mitsui Ocean Development & Engineering Company
(MODEC)
7.22 Nexus Floating Production Ltd.
7.23 Petroleo Brasiliero S.A. (PetroBras)
7.24 Prosafe ASA
7.25 PT Berlian Laju Tanker (BLT)
7.26 Royal Dutch Shell plc (Shell)
7.27 Rubicon Offshore International
7.28 Saipem S.p.A
7.29 SBM Offshore
7.30 Sevan Marine ASA
7.31 Statoil ASA
7.32 Tanker Pacific Offshore
7.33 Teekay Corporation
7.34 Total S.A
7.35 Woodside Petroleum Ltd.
8. Conclusions
8.1 The Global Floating Production Storage and Offloading (FPSO)
Market 2011-2021
8.2 The FPSO Market and Changing Oil Prices
8.3 The Effect of Civil Unrest in the MENA Region on Oil
Price
8.4 The Effect of Arctic Exploration on Oil Prices
8.5 High Growth FPSO Markets
8.6 Concluding Thoughts on the FPSO Market
9. Glossary
About visiongain
Visiongain is one of the fastest growing and most innovative
independent media companies in Europe. Based in London, UK,
visiongain produces a host of business-2-business conferences,
newsletters, management reports and e-zines focusing on the Energy
, Pharmaceutical, Telecoms, Defence and Materials sectors.
Visiongain publishes reports produced by its in-house analysts,
who are qualified experts in their field. Visiongain has firmly
established itself as the first port-of-call for the business
professional, who needs independent, high quality, original
material to rely and depend on.
Notes for Editors
If you are interested in a more detailed overview of this
report, please send an e-mail to sara.peerun@visiongainglobal.com
or call her on +44(0)207-336-6100
For more information and an exec summary please contact Sara
Peerun on
Email: sara.peerun@visiongainglobal.com
Tel: +44(0)20-7336-6100
Web:
href="www.visiongain.com/">www.visiongain.com
.
Tags: July 13, London, United Kingdom, Visiongain