Global FPSO market CapEx to total $13.54 billion in 2014, According to a New Study on ASDReports

Wednesday 5 November 2014, Amsterdam

The new report on The Floating Production, Storage and Offloading (FPSO) Market 2014-2024: CapEx on New Build & Converted Vessels indicates that the global FPSO market will see $13.54bn in capital expenditure (CAPEX) in 2014.

The lead analyst of the new report commented that: “With the rate of new conventional onshore discoveries at a historic low, consistently high oil prices and technology enabling exploration in unprecedented depths, production in deepwater and ultra-deepwater has gained the spotlight in the oil industry. Demand for new-build and converted FPSO vessels is benefitting from this trend, with spending currently at a historic high. In no place is this more apparent at the moment than Brazil, while the West African market will see strong growth over the next decade.”

The 235 page report contains 201 tables, charts and graphs that add visual analysis explaining developing trends within the FPSO market. The new report provides annual CAPEX forecasts for the period 2014-2024 for the global market, as well as forecasts and analysis for the five main submarkets: new-build FPSOs, converted FPSOs, shallow water FPSOs, deepwater FPSOs and ultra-deepwater FPSOs. The report also includes market and submarket forecasts and analysis for ten leading national markets, as well as individualised outlooks for eight additional smaller markets.

In addition, the new report contains a dedicated leading companies’ chapter including extensive profiles, rankings and market share data for the five leading FPSO vessel owners and five leading shipyards constructing FPSOs, as well as the transcript of an original interview, with Sevan Marine.

The new report, The Floating Production, Storage and Offloading (FPSO) Market 2014-2024: CapEx on New Build & Converted Vessels report will be of value to anyone who wants to better understand the FPSO market and its dynamics. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the FPSO industry.