Offshore & deep water production is expected to contribute approximately 50% of the total oil production by 2020.
Since 2006, the FPSO market has grown at a CAGR of more than 15%.
FPSO Conversion vs New Builds: 38% vs 62%.
How much is the FPSO Sector worth? The FPSO market in currently was estimated at approximately US$ 9 billion.
By 2014, FPSO marketing is expected to break US$16 billion which increased demand is expected to come from South America and Southern Africa.
FPSO: The Global Forecast [Oil & Gas IQ], http://youtu.be/ZIImXehizL0, by Oil and Gas IQ, watched on 2014/12/08 14:40.
Read More / Watch the Video:
FPSO_ The Global Forecast [Oil & Gas IQ]
Published on Mar 25, 2013 on Youtube by Oil and Gas IQ.
What’s driving oil demand and how is the future of the FPSO sector shaping up? This forecast analyses and predicts the future trends that will happen in the global FPSO sector.
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