Floating Production Storage And Offloading Market Development, Opportunities And Forecast To 2033 | |
The Floating Production Storage And Offloading Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033). Learn More On The Floating Production Storage And Offloading Market: https://www.thebusinessresearchcompany.com/report/floating-production-storage-and-offloading-global-market-report The rising demand for offshore exploration and production activities is expected to propel the growth of the floating production storage and offloading market going forward. Offshore exploration and production activities refer to the processes involved in discovering, extracting, and producing oil and gas reserves located beneath the seabed in offshore areas. Floating production storage and offloading (FPSO) units are commonly used in offshore exploration and production activities for their versatility, cost-effectiveness in exploration, field development, production, and operational flexibility. For instance, in May 2024, according to reports shared by the US Energy Information Administration, a US-based government agency, the US crude oil production increased from 11.89 million b/d in 2022 to 12.53 million b/d in 2024. Furthermore, in January 2022, according to OGV Energy, a UK-based engagement platform for the energy sector, offshore drilling is anticipated to increase by about 10% annually to reach almost 2,500 offshore wells in 2021, up from just over 2,300 in 2020. Therefore, the rising demand for offshore exploration and production activities is driving the growth of the floating production storage and offloading market. Get A Free Sample Of The Report (Includes Graphs And Tables): https://www.thebusinessresearchcompany.com/sample.aspx?id=12057&type=smp The floating production storage and offloading market covered in this report is segmented – 1) By Vessel Type: Converted, New-Build, Redeployed 2) By Propulsion Type: Self-Propelled, Towed 3) By Design: Spread Mooring FPSO Vessels, Single Point Mooring FPSO Vessels, Dynamic Positioning FPSO Vessels 4) By Operator: Small Independent, Large Independent, Leased Operator, Major National Oil Companies 5) By Application: Shallow Water, Deepwater, Ultra-Deep Water The technological landscape within the FPSO domain is undergoing a paradigm shift, with major industry players at the forefront of innovation. An illustrative example is Marine Technical Limits (MTL), a UK-based structural FPSO integrity management services firm, which unveiled its groundbreaking PYXIS Lightship technology on a digital platform in February 2022. This pioneering solution is expressly designed to empower ship owners and operators of FPSOs and fixed assets, offering an effective mechanism for managing the vessels' lightship weight. The PYXIS Lightship technology is distinguished by its advanced capabilities, leveraging innovative sensors and data analytics to provide real-time insights into weight distribution and changes within the vessel. Operating on a cloud-based platform, it aggregates data from diverse sources, including inspection reports, tank gauge data, and weather forecasts. By ensuring appropriate ballasting, it not only enhances vessel safety but also mitigates the risk of accidents by proactively identifying potential issues related to lightship weight. This represents a noteworthy stride toward fostering a safer, more efficient future for the FPSO industry. The floating production storage and offloading market report table of contents includes: 1. Executive Summary 2. Floating Production Storage And Offloading Market Characteristics 3. Floating Production Storage And Offloading Market Trends And Strategies 4. Floating Production Storage And Offloading Market - Macro Economic Scenario 5. Global Floating Production Storage And Offloading Market Size and Growth .... 32. Global Floating Production Storage And Offloading Market Competitive Benchmarking 33. Global Floating Production Storage And Offloading Market Competitive Dashboard 34. Key Mergers And Acquisitions In The Floating Production Storage And Offloading Market 35. Floating Production Storage And Offloading Market Future Outlook and Potential Analysis 36. Appendix | |
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