Albany, NY -- (SBWIRE) -- 12/05/2016 -- FPSO is a type of floating tank unit used by the offshore oil and gas industry to collect the oil or gas produced from nearby platforms or subsea templates, process them, and store them until the oil or gas can be offloaded onto a shuttle tanker or exported via a pipeline. These systems come in a variety of sizes, shapes, production capacities, and costs. They range from relatively small units with 30,000 bpd processing plants to mega units capable of processing more than 250,000 bpd. Most units are ship shape, but there are few cylindrical FPSOs also. Capex for an FPSO can range from less than $200 million to more than $2 billion, depending on production plant capacity, design life, operating environment, and other factors.

The global floating production storage and offloading market to grow at a CAGR of 12.9% over the period 2014-2019. The global floating production storage and offloading market can be segmented into two divisions based on application: shallow water and deep and ultra-deep water.

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TechNavio's report, Global Floating Production Storage and Offloading Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, EMEA, and APAC; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions
- Americas
- APAC
- EMEA

Key Vendors
- BW Offshore
- Chevron
- CNOOC
- ExxonMobil
- Petrobras

Other Prominent Vendors
- MODEC
- SBM Offshore
- Total

Market Driver
- Advantages of FPSO
- For a full, detailed list, view our report

Market Challenge
- Increased Environmental Impacts
- For a full, detailed list, view our report

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Key Questions Answered in this Report
- What will the market size be in 2019 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?

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