The sharp plunge in energy prices that unfolded at the end of 2014 had a swift, dramatic effect on oil and gas companies across the globe. Most curtailed investments and expenditures, and quickly adopted conservative strategies for the near future.
While the market has stabilized and the mood across much of the industry is improving, uncertainty remains. To capitalize on the recent momentum seen in the Americas, and other regions, energy companies must continue to identify -and leverage- more cost-effective extraction methods.
This is, in part, why we’re starting to see a surge in orders for floating production, storage and offloading units (FPSOs), and increased utilization in the US and other markets where flexibility and sustainability are considered necessities.
If you’re anxious to capitalize on rising demand for FPSOs, or keen to understand what the hype is all about, The Oil Company Playbook for FPSO: What You Need to Know is the perfect primer for you. Areas of focus include:
Recent Market Developments
FPSOs are quickly becoming and integral element of the oil and gas industry in the Americas and other regions, like Africa and Europe
Commercial Benefits of FPSOs
Reduced CAPEX and OPEX costs; rapid asset positioning and redeployment
Forecast for 2018 and Beyond
In 2017 the global FPSO market was valued at $25 billion; today it’s projected to top $66 billion by 2026
Check out the The Oil Company Playbook for FPSO: What You Need to Know to learn more about these topics, and others. Join us for an even deeper dive during the FPSO Americas Congress 2018 conference in Houston, Texas on the 28 th and 29 th of November 2018.