Floating production systems are offshore drilling equipments that are utilized for the extraction of crude oil from offshore fields. Weight and design of the floating production systems depends on the drilling conditions and region where they are used. Floating production systems are of numerous shapes and sizes, ranging from cylindrical shape to that of a ship shape. Normal design of FPS equipment includes a ship shaped vessel, with processing equipments on the vessel’s deck and hydrocarbon storage in the hull of the vessel. Various types of floating production systems are used depending on the requirements and specifications. Highly used FPS is Floating Production Storage and Offloading (FPSO) equipment. FPSOs are preferred mainly in frontier offshore regions as they are easier to install and does not require a pipeline infrastructure or a tanker to transport crude oil from well head to refinery location. They can easily be converted from an oil tanker or can be manufactured from a vessel for a particular type of application. FPSOs can operate from shallow to ultra deep water fields. They can easily work in harsh environments. FPSOs are less in weight and wide deck area of large tanker provides flexibility in process plant layout. Various other types of FPS equipments such as FSO, Spar and Tension leg platform (TLP) are also used to carry out drilling activities in offshore fields.
Floating production system market is directly dependant on number of offshore drilling activities that are carried out in world.
Product type segment in the FPS market comprises FPSO, TLP, SPAR and FSO. FPSO is expected to be the most dominating product in terms of demand for FPS. Various companies such as Royal Dutch Shell Plc, ENI, Petrobras and Premier Oil are using FPSO to extract crude oil from offshore fields. FSO is similar to FPSO except production facility that can be carried out on FPSO. Multiple tasks can be performed using FSOs such as floating, storage and offloading. TLP and SPAR are also used for carrying out drilling activities in the offshore fields.
Rest of the World (RoW) dominated the global FPS market in terms of revenue due to high demand from South American and African countries such as Brazil and South Africa. North America and Asia Pacific regions are also having moderate demand of FPS equipments. European market is expected to increase in terms of high demand of FPS owing to the large number of offshore projects from Norway and the U.K.
Companies such as Bumi Armada Berhad, Hyundai Heavy Industries Co. Ltd, Keppel Offshore & Marine Ltd, Malaysia Marine and Heavy Engineering Berhad, Mitsubishi Heavy Industries Ltd, Samsung Heavy Industries Co. Ltd, SBM Offshore N.V., Teekay Corporation, Technip S.A. and Worley Parsons Limited are likely to dominate the floating production systems market in the coming future.
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
Chapter 2 Executive Summary
Chapter 3 Floating Production System Market – Industry Analysis
3.1 Introduction
3.2 Market Drivers
3.2.1 Deepwater discoveries in Asia Pacific and RoW regions
3.2.2 Increasing drilling activities in the Subsea sector
3.3 Market Restraints
3.3.1 Production and cost related problems
3.4 Market opportunities
3.4.1 Untapped crude oil and natural gas reserves in offshore regions
3.5 Value chain analysis
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining power of suppliers
3.6.2 Bargaining power of buyers
3.6.3 Threat from substitutes
3.6.4 Threat of new entrants
3.6.5 Degree of competition
3.7 Market Attractive Analysis
Chapter 4 FPS Market – Product Segment Analysis
4.1 FPS Market: Product Segment Overview
4.2 FPSO
4.2.1 Global FPSO market revenue, 2012 – 2019, (USD Million)
4.3 TLP
4.3.1 Global TLP market revenue, 2012 – 2019, (USD Million)
4.4 FSO
4.4.1 Global FSO market revenue, 2012 – 2019, (USD Million)
4.5 SPAR
4.5.1 Global SPAR market revenue, 2012 – 2019, (USD Million)
Chapter 5 FPS Market: Regional Analysis
5.1 Global FPS market: Regional analysis
5.1.1 Global FPS market revenue share, by geography, 2012 and 2019
5.2 North America
5.2.1 North America FPS market estimates and forecast, 2012 – 2019 (USD Million)
5.2.2 North America FPS market, by product type, 2012 – 2019 (USD Million)
5.3 Europe
5.3.1 Europe FPS market estimates and forecast, 2012 – 2019 (USD Million)
5.3.2 Europe FPS market, by product type, 2012 – 2019 (USD Million)
5.4 Asia Pacific
5.4.1 Asia Pacific FPS market estimates and forecast, 2012 – 2019 (USD Million)
5.4.2 Asia Pacific FPS market, by product type, 2012 – 2019 (USD Million)
5.5 RoW (Rest of the World)
5.5.1 RoW FPS market estimates and forecast, 2012 – 2019 (USD Million)
5.5.2 RoW FPS market, by product type, 2012 – 2019 (USD Million)
Chapter 6 Company Profiles
6.1 Bumi Armada Berhad
6.1.1 Company Overview
6.1.2 Financial Overview
6.1.3 Business Strategy
6.1.4 SWOT Analysis
6.1.5 Recent Developments
6.2 Hyundai Heavy Industries Co. Ltd
6.2.1 Company Overview
6.2.2 Financial Overview
6.2.3 Business Strategy
6.2.4 SWOT Analysis
6.2.5 Recent Developments
6.3 Keppel Offshore and Marine Ltd
6.3.1 Company Overview
6.3.2 Financial Overview
6.3.3 Business Strategy
6.3.4 SWOT Analysis
6.3.5 Recent Developments
6.4 Malaysia Marine and Heavy Engineering Holdings Berhad
6.4.1 Company Overview
6.4.2 Financial Overview
6.4.3 Business Strategy
6.4.4 SWOT Analysis
6.4.5 Recent Developments
6.5 Mitsubishi Heavy Industries Ltd
6.5.1 Company Overview
6.5.2 Financial Overview
6.5.3 Business Strategy
6.5.4 SWOT Analysis
6.5.5 Recent Developments
6.6 Samsung Heavy Industries Co. Ltd
6.6.1 Company Overview
6.6.2 Financial Overview
6.6.3 Business Strategy
6.6.4 SWOT Analysis
6.6.5 Recent Developments
6.7 SBM Offshore N.V.
6.7.1 Company Overview
6.7.2 Financial Overview
6.7.3 Business Strategy
6.7.4 SWOT Analysis
6.7.5 Recent Developments
6.8 Teekay Corporation
6.8.1 Company Overview
6.8.2 Financial Overview
6.8.3 Business Strategy
6.8.4 SWOT Analysis
6.8.5 Recent Developments
6.9 Technip S.A.
6.9.1 Company Overview
6.9.2 Financial Overview
6.9.3 Business Strategy
6.9.4 SWOT Analysis
6.9.5 Recent Developments
6.10 Worley Parsons Limited
6.10.1 Company Overview
6.10.2 Financial Overview
6.10.3 Business Strategy
6.10.4 SWOT Analysis
6.10.5 Recent Developments
List of Tables
TABLE 1 Global FPS Market Snapshot, 2012 & 2019
TABLE 2 North America FPS market, by product type, 2012 – 2019 (USD Million)
TABLE 3 Europe FPS market, by product type, 2012 – 2019 (USD Million)
TABLE 4 Asia Pacific FPS market, by product type, 2012 – 2019 (USD Million)
TABLE 5 RoW FPS market, by product type, 2012 – 2019 (USD Million)
List of Figures
FIG. 1 FPS Market, 2013 – 2019
FIG. 2 Global FPS Market, 2012 – 2019 (USD Million)
FIG. 3 Deepwater discoveries in Asia Pacific and RoW Region
FIG. 4 Increasing drilling activities in the Subsea sector
FIG. 5 Value chain analysis of floating production system
FIG. 6 Porter’s Five Forces Analysis
FIG. 7 FPS market attractiveness, by product type, 2012
FIG. 9 Global FPSO market revenue, 2012 – 2019, (USD Million)
FIG. 10 Global TLP market revenue, 2012 – 2019, (USD Million)
FIG. 11 Global FSO market revenue, 2012 – 2019, (USD Million)
FIG. 12 Global SPAR market revenue, 2012 – 2019, (USD Million)
FIG. 13 Global FPS market revenue share, by geography, 2012 and 2019
FIG. 14 North America FPS market estimates and forecast, 2012 – 2019 (USD Million)
FIG. 15 Europe FPS market estimates and forecast, 2012 – 2019 (USD Million)
FIG. 16 Asia Pacific FPS market estimates and forecast, 2012 – 2019 (USD Million)
FIG. 17 RoW FPS market estimates and forecast, 2012 – 2019 (USD Million)
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Floating Production Systems Market
