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Early Production Facility Market Research 2020 Report | Growth Forecast 2026

Author : Rahul Sankrityayan | Published Date : 2020-10-09 

Global early production facility (EPF) market is primed to achieve higher growth milestone on account of account of accelerating O&G industry operations and escalating focus towards cost management. Increasing shale gas production in the US coupled with towering production across Brazil, Gulf of Mexico, and Norway are further rendering lucrative growth opportunities to early production facility market.

worldwide early production facility market is likely to surpass the USD 14 billion mark by 2026.

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  • Pages: 215
  • Tables: 342
  • Charts / Figures: 22
  • Companies covered: 15
  • Countries covered: 42

EPFs units are aligned with the inherent advantages of extensive pressure, temperature, and flow conditions handling capabilities. In addition, these units are capable of delivering insights into real-time production and reservoir performance, which can be applied to future operations. These facilities generally span across expansive capacities, ranging from 1,000 bbl/d to 50,000 bbl/d. Additionally, EPFs can be delivered in a fast turnkey operation and can also be customized as per the specific requirements of individual O&G projects.

Amidst increasing industry uncertainties characterized by current oversupply condition and volatility in crude oil prices, the O&G industry is concentrating on production optimization, which has induced substantial EPF market demand. EPFs have gained remarkable traction as an economically viable option. These units require relatively lesser capital investments as compared to permanent facilities. Additionally, they facilitate monetization of assets ahead of the permanent facilities being built, which acts as a key factor accelerating adoption of EPS. Increased O&G industry spending is triggering early production facility market growth.

The market is poised for growth as O&G operators continue to move from central processing facilities to low cost EPFs. As majority of onshore reserves are approaching maturity, operators are refraining from making upfront capital investments. EPF units are generally constructed for extraction of remaining 10% of resources from aging oilfields. Declining production from existing fields has prompted operators to invest significantly in interim production facilities, which is fostering early production facility business expansion. Also, reinvestments in mature oilfields is forecast to fuel market growth.

Limited availability of capital has created a price sensitive environment for the O&G industry, which has influenced early production facility market growth. Early production facility market size is likely to inflate on account of surging shale gas production in the US coupled with current oversupply condition created by towering production in Brazil, Gulf of Mexico, and Norway. Furthermore, growing expenditure on offshore hydrocarbon development is stimulating early production facility industry trends.

Early production facility market outlook is exhibiting positive externalities with substantial advancements being achieved in drilling and fracturing capabilities. Besides, increasing investment in R&D activities is favoring industry growth. Alongside, players across the early production facility value chain are attempting to expand their capacities by forging technological alliances with their contemporaries.

Early production facility market is marked by the presence of some renowned players, such as CPPE, Weatherford International, SMIP, Global Process Systems, SUEZ, Expro Group, Schlumberger, EN-FAB, Penspen, Roska DBO, Frames, OilSERV TETRA Technologies, Petrocil, and Pyramid E&C.

Partial Table of Contents (ToC) of the report:

Chapter 5   Early Production Facility Market, By Application

5.1   Early production facility market share by application, 2019 & 2026

5.2   Onshore

5.2.1   Global market from onshore, 2015 – 2026

5.2.2   Global market from onshore by region, 2015 – 2026

5.3   Offshore

5.3.1   Global market from offshore, 2015 – 2026

5.3.2   Global market from offshore by region, 2015 – 2026

Browse complete table of content of this report @

 https://www.decresearch.com/toc/detail/early-production-facility-market

Browse Related Report:

Early production facility market size to be driven by accelerating O&G operations

3 Pivotal Factors Bolstering Early Production Facility Market Trends

 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. [email protected] | https://twitter.com/sankritsays

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