According to the research report titled ‘Early Production Facility Market By Component (Two & Three Phase Separation, Gas Sweetening, Gas Dehydration, Dew Point Control Units, Oil Dehydration Desalting & Heating, Produced Water Treatment, Fuel Gas Processing, Flare System, Others), By Application (Offshore, Onshore), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global early production facility market is anticipated to amass USD 14 billion over 2020-2026.
 

Surge in number of mature oil fields with deteriorated production capacity, inclination towards production optimization and cost management, and surging investment for establishing efficient production platforms are catalyzing the growth of global early production facility market.
 

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Moreover, industrial oversupply, in consort with advancements in drilling technology like fracturing and directional drilling are augmenting the growth of the business domain.
 

For the unversed, early production facilities can handle varied range of working conditions including pressure, temperature, and flow patterns, and a single unit can support a capacity from 1,000 bb/d to 50,000 bb/d.
 

On the contrary, rising oil prices is likely to hamper the industry growth over the analysis timeframe.
 

Speaking of component terrain, the market space is classified into flare system, two & three phase separation, produced water treatment, dew point control units, gas dehydration, flue gas processing, gas sweetening, oil dehydration desalting & heating, and others.
 

In terms of application scope, worldwide early production facility industry scenario is categorized into onshore, and offshore. The latter segment is expected to grow momentously in the ensuing years, creditable to soaring investments for developing offshore hydrocarbon projects. On the other hand, the onshore segment is poised to generate decent revenues over the study duration, attributed to increased number of depleting and mature onshore oil & gas sites.
 

Moving on to regional landscape, the report hosts the current industry trends across North America, Europe, and Latin America that are expected to garner momentum. Rising production of shale gas in the United States, Brazil and Norway is fostering the deployment of EPFs, hence impelling the business dynamics.
 

The major companies operating in global early production facility market are Petrocil Engineers & Consultants Pvt. Ltd. (PEC), Penspen Group, TETRA Technologies Inc., EN-FAB Inc., OilSERV Ltd., Weatherford International plc, Global Process Systems Inc., SUEZ - Water Technologies & Solutions, China Petroleum Pipeline Engineering Co. Ltd. (CPPE), Pyramid E&C Ltd., Roska DBO Inc., Schlumberger Limited, Société de Maintenance d'Installations Pétrolières (SMIP), Frames Group, and Expro International Group among others.