Increase in Exploitation of Unconventional Reserves to Drive the Early Production Facility (EPF) Market
Transparency Market Research (TMR) provides key insights on the early production facility (EPF) market in its latest report titled “Early Production Facility (EPF) Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026.” According to the report, increase in exploitation of unconventional reserves is predicted to drive the early production facility market during the forecast period.
The report has segmented the early production facility (EPF) market based on type, application, and region. Based on type, the market is divided into gas dehydration packages; gas sweetening packages; produced water treatment packages; oil dehydration, desalting, and heating; dew point control units; fuel gas processing; tankage and shipping; and others. Gas dehydration packages consist of glycol liquid technology such as TEG, DEG, and MEG to trap the moisture content of gas. Gas sweetening packages are utilized to remove the hydrogen sulfide (H2S) content in natural gas. In terms of application, the early production facility (EPF) market is classified into onshore and offshore. Produced water treatment packages are utilized to remove oil content and contaminants in the produced water in order to reuse or dispose.
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On the basis of regional perspective, North America holds a major share of the global early production facility (EPF) market. The U.S. upstream industry operates on a complex combination of technical, financial, political, and logistical factors. Among unconventional plays, the Permian basin is expected to lead to U.S. supply growth. Hence, efforts are being undertaken to explore new oilfield reserves, particularly in North Sea, South China Sea, Gulf of Mexico, and the Persian Gulf, in order to cater to ever increasing demand. This, in turn, is anticipated to offer substantial expansion opportunities to the early production facility (EPF) market in the near future.
Major players operating in the global early production facility (EPF) market are included in this report to give a better competitive analysis of the market and these include Halliburton, Weatherford International, Frames Group, Petrocil, Weatherford International, Process Group Pty. Ltd., Expro Group, TETRA Technologies, Inc., Pyramid E & C, sparkletengineers.com, SMIP, Global Process Systems, Green Valley Oil Service, OiLSERV, Roska DBO Inc., and Canadian Petroleum Processing Equipment Inc.
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