Report ID: SQMIG10F2017
Report ID:
SQMIG10F2017 |
Region:
Global |
Published Date: July, 2001
Pages:
165
|
Tables:
170 |
Figures:
79
Floating Production Storage And Offloading (FPSO) Market size was valued at USD 21.88 Billion in 2023 and is poised to grow from USD 23.33 Billion in 2024 to USD 38.94 Billion by 2032, growing at a CAGR of 6.61% during the forecast period (2025-2032).
A floating production, storage, and offlowells produce in waters of various depths. It is produced either by modifying an existing ship or by creating a brand-new, unique vessel from start. The facility is equipped with a variety of tools for tasks including treating and sorting crude oil, which enables contractors to control output efficiently and discharge it while reducing reliance on external pipeline infrastructure.
Increased marginal oil reserve exploitation activities in remote offshore locations along with FPSOs' ability to operate independently of permanent structure support are projected to positively affect market growth. Additionally, it is anticipated that the ability of such devices to survive adverse weather conditions will contribute to the market expansion.
US Floating Production Storage And Offloading Fpso Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG10F2017