|By PR Newswire||
|April 2, 2014 04:09 AM EDT||
DUBLIN, April 2, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/kv8w4z/the_world) has announced the addition of the "The World Floating Production Market Forecast 2014-2018" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
The NEW World Floating Production Market Report forecasts that between 2014 and 2018 $99 billion (bn) will be spent on floating production systems (FPS) - an increase of 138% over the preceding five-year period. The long-term growth in the sector is underpinned by the continued exploitation of deep waters, marginal fields and fast-track/short term deployments. Deepwater FPS deployments are expected to total $68bn in value and account for over two-thirds of the total spend.
FPSOs form the largest segment of the market (80%) both in terms of units installed and forecast capital expenditure (Capex) over the 2014-2018 period. Latin America accounts for 29% of the 139 installations forecast and 38% of the projected Capex.
The FPS sector recovery following the 2008/2009 downturn continues steadily. A total of 54 units were ordered in 2011-2013 compared to 23 units ordered during 2008-2009. There has been little growth in the annual value of installed units over the last four years; however, 2014 is expected to show a significant increase in the value of units deployed.
The industry is, however, still coming to terms with a number of demand-side and supply-side issues. The failure of Brazilian operator OGX in 2013 and the slow-down in overall upstream expenditure in 2014 will impact the market in the near-term. Likewise the industry's record in terms of project execution has been poor, with most projects delivered late and significantly over-budget. Some industry players are now suggesting a new approach is required.
Now in its 12th edition, this highly regarded and established report has been tracking and analysing the industry for over a decade. The market analysis, commentary and understanding are strengthened by extensive insight gained from strategy and consultancy work undertaken for major companies throughout the industry.
Key Topics Covered:
1 Summary and Conclusions
2 Macro Economic Overview
3 FPS Types and Applications
4 Leasing and Financing
5 The FPS Supply Chain
6 FPS Components
7 Transportation, Installation & Commissioning
8 FPS Fleet
9 Market Forecast
For more information visit http://www.researchandmarkets.com/research/kv8w4z/the_world
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets
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