DUBLIN, September 23, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Floating Production System Market 2016-2020" report to their offering.
The global floating production system (FPS) market is forecast to grow at a CAGR of 17.89% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Rise in deepwater and ultra-deepwater exploration will be a key trend for market growth. Reservoirs are being discovered to meet the demand and supply of petroleum products. For instance, Petrobras and Oil and Natural Gas Corporation has found a new light oil reservoir in the deepwaters of the coast of the northern state of Sergipe, Brazil.
However, after the deceleration in oil and gas industry, discoveries of new oil and gas reservoirs dropped to the lowest level. In 2015, an Israeli company discovered a massive oil reserve in Golan Heights. It is 10 times larger than the average oilfield, worldwide. In another instance, BP confirms a new discovery of a reservoir or reserve, which could produce more than 5,000 barrels per day and it is worth more than $2.13 billion. This increase in discoveries of reservoir is driving the growth of the FPS market.
According to the report, one of the key drivers for market growth will be growing demand for energy. Growing demand for energy due to economic development and industrialization has led to increased oil and gas exploration activities globally. Increasing offshore exploration and production, and rising number of offshore wells have raised the importance of FPS. The global oil and gas demand is rapidly increasing from various end-user segments.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- BW Offshore
- Golar LNG
- SBM Offshore
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by equipment type
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/rd7nqv/global_floating
Related Topics: Oilfield Equipment and Services
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SOURCE Research and Markets