Floating Production Storage And Offloading Market PPF 2021-2026: Size, Share, Trends, Analysis & Research Report

1. Global Floating Production Storage And Offloading Market Research Report and Forecast 2021-2026 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Floating Production Storage And Offloading Market Outlook 2026: According to the recent report by IMARC Group, titled ”Production Storage and Offloading Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global floating production storage and offloading market grew at a CAGR of around 6% during 2015-2020. Floating production storage and offloading (FPSO) vessels are employed in the offshore oil and gas fields to process hydrocarbons acquired from subsea oil reservoirs. They are equipped with hydrocarbon processing equipment that separates and treats hydrocarbons into oil, gas, and water. FPSO stores processed natural gas or crude oil until it is offloaded into shuttle tankers or carried through export pipelines to refineries. These vessels include generators, pumps, control rooms, storage tanks, and accommodation facilities. This mechanism helps extract and process oil and gas in remote locations at a low cost with better flexibility, safety, versatility, and high storage capacity.

4. Report Description and Highlights Report Description Global Floating Production Storage And Offloading Market Trends: The global FPSO market growth can be majorly attributed to a rise in offshore exploration activities. Along with this, the increasing requirement for integrated compact systems in offshore reservoirs to withstand extreme conditions is catalyzing the market growth. An enhanced focus on deep-water oil extraction and the steadily rising demand for energy are acting as other major growth-inducing factors. Additionally, FPSO units do not require expensive subsea oil pipelines to export oil, which is creating a positive outlook for the market. Some of the other growth-inducing factors include various technological advancements and the digitization of FPSO vessels. Request for a free sample report: https://www.imarcgroup.com/floating-production-storage- offloading-market/requestsample

5. Report Description Report Description and Highlights Market Summary: Breakup by Vessel type: • Converted and redeployed • New-build vessels Breakup by Design: • Spread mooring vessels • Single point mooring vessels • Dynamic positioning FPSO vessels Breakup by Propulsion Type: • Self-propelled • Towed Breakup by Hull Type: • Single • Double hull

6. Report Description Report Description and Highlights Breakup by Application: • Shallow • Deep • Ultra-deep water Breakup by Region: • North America • Europe • Asia Pacific • Latin America • Middle East and Africa Looking forward, IMARC Group expects the market to witness moderate growth during the forecast period (2021-2026).

7. Report Description and Highlights Report Description Competitive Landscape With Keyplayer: • Bumi Armada Berhad • Bluewater Energy Services B.V. • BP Plc, BW Offshore Limited • Chevron Corporation • Exxon Mobil Corporation • MODEC Inc. • Petróleo Brasileiro S.A. • SBM Offshore N.V. • Royal Dutch Shell PLC • Teekay Corporation View Report TOC, Figures and Tables : https://www.imarcgroup.com/floating-production-storage- offloading-market

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10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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