Market Research Report Search Engine Added "Floating Production Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" to its database.

1. Floating Production Systems Market - Complete Study of
Current Trends and Growth Drivers For 2019
Report Description
Floating production systems are offshore drilling equipments
that are utilized for the extraction of crude oil from offshore
fields. Weight and design of the floating production systems

2. depends on the drilling conditions and region where they are
used. Floating production systems are of numerous shapes
and sizes, ranging from cylindrical shape to that of a ship
shape. Normal design of FPS equipment includes a ship
shaped vessel, with processing equipments on the vessel’s
deck and hydrocarbon storage in the hull of the vessel.
Various types of floating production systems are used
depending on the requirements and specifications. Highly
used FPS is Floating Production Storage and Offloading
(FPSO) equipment. FPSOs are preferred mainly in frontier
offshore regions as they are easier to install and does not
require a pipeline infrastructure or a tanker to transport
crude oil from well head to refinery location. They can easily
be converted from an oil tanker or can be manufactured from

3. a vessel for a particular type of application. FPSOs can
operate from shallow to ultra deep water fields. They can
easily work in harsh environments. FPSOs are less in weight
and wide deck area of large tanker provides flexibility in
process plant layout. Various other types of FPS equipments
such as FSO, Spar and Tension leg platform (TLP) are also
used to carry out drilling activities in offshore fields.
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Floating production system market is directly dependant on
number of offshore drilling activities that are carried out in
world.

4. Product type segment in the FPS market comprises FPSO,
TLP, SPAR and FSO. FPSO is expected to be the most
dominating product in terms of demand for FPS. Various
companies such as Royal Dutch Shell Plc, ENI, Petrobras and
Premier Oil are using FPSO to extract crude oil from offshore
fields. FSO is similar to FPSO except production facility that
can be carried out on FPSO. Multiple tasks can be performed
using FSOs such as floating, storage and offloading. TLP and
SPAR are also used for carrying out drilling activities in the
offshore fields.
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5. Rest of the World (RoW) dominated the global FPS market in
terms of revenue due to high demand from South American
and African countries such as Brazil and South Africa. North
America and Asia Pacific regions are also having moderate
demand of FPS equipments. European market is expected to
increase in terms of high demand of FPS owing to the large
number of offshore projects from Norway and the U.K.
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Companies such as Bumi Armada Berhad, Hyundai Heavy
Industries Co. Ltd, Keppel Offshore & Marine Ltd, Malaysia

6. Marine and Heavy Engineering Berhad, Mitsubishi Heavy
Industries Ltd, Samsung Heavy Industries Co. Ltd, SBM
Offshore N.V., Teekay Corporation, Technip S.A. and Worley
Parsons Limited are likely to dominate the floating
production systems market in the coming future.
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