Douglas-Westwood’s new World Floating Production Market Report forecasts that between 2014 and 2018 $99 billion will be spent on floating production systems (FPS) – an increase of 138% over the preceding five-year period. Report author, Damilola Odufuwa, said, “FPSOs will form the largest segment of the market (80%) both in terms of units installed and forecast 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 during 2008-2009. There has
Log in to view this article.
Not Yet A Subscriber? Here are Your Options.
1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Pipeline & Gas Journal magazine.
2) SUBSCRIBE to Pipeline & Gas Journal magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the PGJ archives per month. $199 for an annual subscription*.
3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the PGJ Archive, access to all special reports, special focus supplements and more. $1,395 for an annual subscription. For information about group rates or multi-year terms, contact J'Nette Davis-Nichols at Jnette.Davis-Nichols@GulfEnergyInfo.com or +1 713.520.4426*.
*Access will be granted the next business day.
Comments