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Floating, Production, Storage and Offloading (FPSO) Industry to 2015
Floating, Production, Storage and Offloading (FPSO) Industry to 2015
Divestment of FPSO Capital By E&P Companies Could Adversely Affect the FPSO Business as well as Offshore Production in the Near Future
kent,
sidcup,
United Kingdom
(prbd.net)
02/03/2011
Floating, Production, Storage, and Offloading Vessels (FPSOs) are gaining significant importance in the offshore oil and gas industry, as they could be set up at offshore sites with simpler procedures, and eliminate the need for using complex pipeline network to transport oil or gas from the offshore production site. This makes FPSOs deployable in deepwater offshore oil fields, where subsea pipelines are not feasible to install for crude oil and gas transportation from the oil field to the mainland. As they are movable with relative ease and cost-viable than fixed platforms, they are technically and economically viable to be deployed in oil fields with smaller reserve potential, where establishing a fixed platform rig could prove economically unattractive. Even in geographically challenging offshore regions affected by tornados or cyclones, utility of FPSOs gains advantage, as they could move away to a safer place temporarily when hostile environments pose substantial risk to the FPSO vessel.
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Overall, these advantages have even resulted in the upstream oil and gas industry planning to deploy FPSOs in key offshore regions, such as deepwater US Gulf of Mexico (USGOM). For instance, recently Petrobras America Inc. plans to deploy a Floating, Production, Storage, and Offloading Vessel in the region.
However, in the wake of the US Gulf of Mexico oil spill disaster, offshore oil and gas exploration and production companies worldwide, and especially those operating in the USGOM and offshore Norway plan to divest some of their investments in Floating, Production, Storage, and Offloading Vessels as a measure to reduce their capital allocations and thereby mitigate financial risks to an extent.
GBI Research, a leading business intelligence provider, has released its latest research, “Floating, Production, Storage and Offloading (FPSO) Industry to 2015 - Rise of Ultra Deep Water Offshore Oil and Gas Production Leading to Industry Growth”. The study, which is an offering from the company’s Energy Research Group, provides an in-depth analysis of the FPSO and Floating, Storage, and Offloading (FSO) market worldwide and highlights the various concerns, along with details of major regions included. The report provides information on active and planned projects for the FPSO and FSO industry to 2015. The report also provides forecasts of the FPSO and FSO market worldwide by commodity type and by companies operating in various geographical regions of the world. Key trends and challenges of the global FPSO and FSO industry are also discussed. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.
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http://www.gbiresearch.com/Report.aspx?ID=Floating-Production-Storage-and-Offloading-FPSO-Industry-to-2015-Rise-of-Ultra-Deep-Water-Offshore-Oil-and-Gas-Production-Leading-to-Industry-Growth&ReportType=Industry_Report&coreindustry=ALL&Title=Oil_~_Gas
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