CITIC Construction Investment has pointed out that the global conventional oil and gas reserves are not being replenished adequately, resulting in a disparity between production levels and reserve quantities. With the advancement of deep-water extraction technology and a decrease in unit development costs, the global focus on oil and gas exploration and development is now turning towards deep-sea regions. FPSO, recognized as the most cost-efficient core facility for deep-sea oil and gas exploitation, is witnessing an industry resurgence and a surge in order placements. Domestic offshore engineering firms, capitalizing on their strengths in hull and topside module fabrication in terms of capacity and cost-effectiveness, are steadily expanding their global market presence. They are poised to reap substantial benefits from the increased capital investment in this current phase of deep-sea oil and gas development.
