Forum Energy Technologies, Inc. has been awarded an approximately $25 million contract to design, engineer, and supply four electrostatic desalter systems for an onshore project at the Safaniyah oil field, Kingdom of Saudi Arabia. The desalter systems will utilize FET’s EDGETM desalting technology, ForuMixTM high-efficiency multiphase mixer technology, as well as in-house manufacturing capabilities at FET’s facility in Dammam, Saudi Arabia.
In April 2020, VME was awarded a dehydration and desalting project for the Nassiriya Degassing Station in Thiqar, Iraq. The contract comes through Progetti Europa & Global for the end user Thiqar Oil Company.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 5348
Published Date: Oct 30, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing consumption of crude oil globally, increase in offshore production of crude oil and increased adoption of desalter equipment are some of the factors driving the market growth.
The market size of crude oil desalter is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2024-2036.
The major players in the market are Hindustan Petroleum Corporation Limited (HPCL), VME Companies, ExxonMobil Corporation, Marathon Petroleum, Fuji Oil Company, Idemitsu Kosan Co., Ltd., JGC Holdings Corporation, ENEOS Corporation, Seibu Oil Company Co., Ltd., Forum Energy Technolgies Inc and others.
The two-stage segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the Middle East and Africa region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.