Allianz Marine Services

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Allianz Marine Services (L.L.C)

Investments of $126 billion in floating production units for oil and LNG are expected by 2030

Nearly 120 floating production systems could be ordered in the next five years, according to Scottish consultancy Energy Maritime Associates (EMA).

Floating production systems (FPS) first emerged in the 1970s as an option for the production of hydrocarbons discovered at greater ocean depths, surpassing the viability of fixed platform installations.