Spar platform is one of the types of floating production system, used by offshore oil & gas industry. This platform consists of vertical cylindrical hull like structure. The majority part of spar is underwater which helps in the stability of this platform and the hull is encircled with spiraling strakes which provides storage facility for the processed hydrocarbons. Floating production systems are the essential tools for the offshore oil & gas development.
The report, “Spar platform market Forecast 2014-2019” analyzed by geography. In terms of geography, this market is segmented in to Africa, Latin America, Europe, Asia Pacific and North America and Middle East. This market is also segmented by usage which includes midstream Oil & gas.
The increasing demands for crude oil globally, which is the major contributor for industrialization has increased the oil exploration activities. Now days the increased focus for offshore exploration and production activities and the increasing offshore wells has raised the importance of floating production systems. This system expected to plays a dominant role in ultra deep water exploration.
The growing deep and ultra deep water exploration has been driving the Spar market. This system helps in increase in production by enabling secure exploration.
The report in addition provides an extensive competitive landscaping of key companies operating in Spar platform market which includes Bumi Armad (Malaysia), Daewoo shipbuilding & marine engineering Co. ltd (South Korea), Keppel offshore and mining (Singapore) and others. The report also provides an extensive competitive landscaping of companies operating in this market, country wise market share, new product and services launches, M&A, product portfolio of key players.
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Product benchmarking outlook
• Recent updates in floating production systems marke
• Product portfolios of key competitors ( region wise)
Customer segment outlook
• No. of offshore wells (region wise)
• Future development in offshore industry and regulations for offshore oil & gas exploration
• Key competitors ( region wise)
• Information about which regions are doing well in Spar platform market
• Upcoming project on deep and ultra deep water exploration
• Challenges in floating production system market
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