About Floating Production Storage and Offloading

Floating production storage and offloading vessels are offshore production facilities that club both storage and processing equipment for produced hydrocarbons. The basic design of most floating production storage and offloading vessel comprises a boat molded vessel with processing equipment or topsides on the vessel’s deck and hydrocarbon storage underneath the dual hull. Floating production storage and offloading vessels store oil or gas after processing and periodically shuttle it to tankers.

Technavio’s analysts forecast the global floating production storage and offloading market to grow at a CAGR of 4.91% during the period 2017-2021.


Covered in this Report
The report covers the present scenario and the growth prospects of the global floating production storage and offloading market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA



Technavio’s report, Global Floating Production Storage and Offloading Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.


Key Vendors

  • Bumi Armada
  • BW Offshore
  • MODEC
  • Petrobras
  • SBM Offshore




Other Prominent Vendors

  • Bluewater
  • MISC Berhad
  • Saipem
  • Teekay
  • Yinson Holdings




Market Driver

  • Increasing popularity of floating production storage and offloading vessels
  • For a full, detailed list, view our report




Market Challenge

  • Increasing use of renewable energy
  • For a full, detailed list, view our report




Market Trend

  • Rise in the number of deepwater and ultra-deepwater drilling projects
  • For a full, detailed list, view our report




Key Questions Answered in this Report

  • What will the market size be in 2021 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?




You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

Methodology
Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.