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Floating Production Systems (FPS) Market in the Americas, 2019-2023 with Anadarko Petroleum Corporation, BW Offshore, Modec, Petrobras, and SBM Offshore Dominating - ResearchAndMarkets.com

February 21, 2019

DUBLIN--(BUSINESS WIRE)--Feb 21, 2019--The “Floating Production Systems (FPS) Market in Americas 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The floating production systems (FPS) market in Americas will register a CAGR of almost 7% by 2023.

Offshore regions are one of the major sources for oil and gas production as the reserves in the offshore segment, which are estimated to be vast, largely remain unexplored. Therefore, the need to meet this increase in fuel demand is spurring major oil and gas companies to invest in E&P projects.

The need to meet the increase in demand for energy for both export and domestic consumption in the region is driving the growth of offshore oil and gas activities, which, in turn; will support the growth of the FPS market in Americas during the forecast period.

Advantages associated with the deployment of FPS

Floating production systems are effective solutions in subsea, deepwater, and ultra-deepwater E&P activities as they eliminate the need for additional infrastructure in these offshore environments, which can be expensive. FPS offer an economical option in offshore drilling activities, especially in small oil fields that will face depletion within a few years.

Environmental issues arising from offshore oil and gas drilling

Offshore oil and gas drilling activities generally have an impact on the entire marine ecosystem. The major threats of environmental issues in the offshore drilling environment include the leak of drilling fluids, leaks from pipelines, spillage, and blowouts. Hence, offshore oil and gas drilling operations pose a significant threat to the environment as well as to the health and safety of the workers.

Competitive Landscape

The market appears to be moderately fragmented with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

Key Players

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY TYPE

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

PART 11: VENDOR LANDSCAPE

PART 12: VENDOR ANALYSIS

For more information about this report visit https://www.researchandmarkets.com/research/vncdf6/floating?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190221005435/en/

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Related Topics:Oil and Gas Exploration and Production,Oilfield Equipment and Services

KEYWORD: NORTH AMERICA CENTRAL AMERICA SOUTH AMERICA

INDUSTRY KEYWORD: ENERGY OIL/GAS

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/21/2019 06:27 AM/DISC: 02/21/2019 06:27 AM

http://www.businesswire.com/news/home/20190221005435/en