South Korean Big3’s major field, offshore plant market is expected to grow to the largest ever to $25bn this year.
Era of commercial ship is coming to an end, while era of offshore plant has come.
Amid high oil price, market player forecast that demand for offshore plant would continue for a long term, saying “Now ‘shipyard’ should be called ‘offshore yard’.”
In 2012, along with central processing facility, FPSO, demand for LNG-FPSO, LNG carrier would soar. Also, demand for LNG-FSRU, an offshore LNG import base, gets high.
Analyst Park Min, Korea Investment & Securities said, “As offshore facility is getting more important, shipbuilding/heavy industry companies would gain more power and responsibility. Therefore, just in the early stage of field development, South Korean shipbuilding/heavy industry companies would be able to participate as co-developer.”
Published : April 2, 2012