Market Research Report - 217636
World Floating Production Market Forecast 2015-2019
|Published||Content info||84 Pages|
|World Floating Production Market Forecast 2015-2019|
|Published: November 3, 2015||Content info: 84 Pages||
Douglas-Westwood's new quarterly version of the World Floating Production Market Forecast 2015-2019 forecasts that between 2015 and 2019 $68 billion (bn) will be spent on FPS units - an increase of 49% compared to 2010-2014.
Despite Capex growth over the forecast, the volume of orders seen in 2015 has been very weak. This is a result of the low oil price impacting project sanctioning activity, compounded by recent history of high-cost FPS projects running late and/or over-budget.
In the near-term, we expect improvement. Operators have worked hard through the downturn to redevelop projects to make them more cost effective and their efforts should see final investment decisions made on a number of projects. In addition to these redesigns, we are also seeing lower prices for equipment and services in the downturn which further improves project viability.
FPSOs will represent by far the largest segment of the market both in terms of numbers (67 installations) and forecast Capex (79%) during 2015-2019. FPSSs will account for the second largest segment of Capex (9.3%) with TLPs third (9.2%).
With this new quarterly report there are a number of different purchasing options available. The new quarterly release will be available as a standalone option which will include the current quarterly update as well as the
full annual report, originally released in Q1. It can also be purchased as part of a subscription where you will receive three further quarterly updates as well as the latest full annual report and current quarter's update.
The World Floating Production Market Forecast is now in its 13th edition and is supported by analysis, insight and industry consultation and includes:
DW's market forecasting is trusted by sector players worldwide, with clients including the world's top-10 oil & gas companies, top-10 oilfield services companies and top-10 private equity firms.
The report is essential for financial institutions, equipment manufacturers, offshore engineering, construction, operations & maintenance companies and contractors, oil & gas companies, lease contractors, shipbuilders and agencies & government departments wanting to make more informed investment decisions.