London. UK. 13 July 2011. Visiongain expects 2011 to be a promising year for the FPSO market, with spending worldwide expected to reach $6.8bn. The industry will expand considerably over the forecast period, with high growth rates in capital expenditure. Visiongain's report reveals the exact forecast details taking into account a myriad of aspects which will affect the FPSO sector.
Visiongain's latest report, The Floating Production Storage Offloading (FPSO) Market 2011-2021, analyses this industry essential to the future of the energy sector. The report reviews in detail the prospects of the FPSO market, which will see continuous global expansion over the next ten years. The report draws attention to exciting trends and developments within the industry, which will shape the FPSO market over the coming years. It highlights the 16 major national markets and delivers insightful recommendations, based on geological, economic and political factors.
As easily accessible oil reserves decline, major oil companies are increasingly looking to offshore fields to replace depleted reserves. In many cases the remote locations of oil deposits lack adequate infrastructure to facilitate production. Thus, the FPSO industry, with its excellent safety record, is well place to benefit.
Changes in the oil price have a powerful influence over the outlook of the FPSO industry. Limited supplies of oil, unrest in the MENA region and demand from developing nations will add to the inflationary pressures on the price of oil. This report expounds the affects of price fluctuations, considering speculation, GDP growth, energy demand, hydrocarbon reserves and currency values.
The study's assessment of the FPSO industry indicates the market has undergone significant changes in the last 3 years. The financial recession altered the proportions of FPSO vessels which are owned or leased. Furthermore the recession moved the industry's emphasis away from newly built vessels towards converted FPSO vessels. In addition, the advent of FDPSO ships and LNG FPSO vessels has opened up a plethora of new opportunities for investors and FPSO manufacturers alike.
The most significant threat to the FPSO market, apart from a low oil price, is the popular pressure on firms and governments to pursue renewable resources. The study shows why the FPSO industry will thrive regardless of this challenge.
The Floating Production Storage Offloading (FPSO) Market 2011-2021 report details these trends providing detailed global and regional market forecasts from 2011-2021.
To see sample pages visit http://www.visiongain.com/Report/644/The-Floating-Production-Storage-and-Offloading-%28FPSO%29-Market-2011-2021
For more information and an exec summary please contact Sara Peerun on
Email: sara.peerun@visiongainglobal.com
Tel: +44 020 7336 6100
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Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100
About visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy , Pharmaceutical, Telecoms, Defence and Materials sectors.
Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.