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Floating Production Systems

assessment of the outlook for FPSO vessels,
production semis, TLPs and spars

November 2004

 

Floaters in Operation

 

 



Outline

I.     CURRENT AND PLANNED FLOATING PRODUCTION SYSTEMS

 

1. Overview of the Floater Business Sector        

Recent Orders and Deliveries    

What's Now Being Built         

Trend in Order Backlog          

Current Fabrication and Conversion Activity         

Floaters Planned or Under Study    


2. Details for Floaters in Operation, On Order or Planned       

Inventory of Floating Production Systems     

Inventory of Floating Storage Systems     

Production and Storage Systems Installed Since September 1996    

Floaters Now on Order     

Floating Production Projects Planned or Under Study     

  II.    RECENT DEVELOPMENTS

 

1. Projects in the Planning Stage       

Block 16 (Angola)    

Pegase Nord (Congo)     

Bosi (Nigeria)    

Pyrenees (Australia)    

Jubarte (Brazil)    

Espadarte 2 (Brazil)     

BS-400/500 (Brazil)     

Blind Faith (Gulf of Mexico)    

Das Bump (Gulf of Mexico)     

KC 919 (Gulf of Mexico)     

Jack (Gulf of Mexico)     

Ku Maloob Zaap (Mexico)     

Maximino (Mexico)     

Shenzi (Gulf of Mexico)     

Tiof (Mauritania)     

 

2. Projects in the Final Design or Bidding Stage       

Kizomba C/D (Angola)     

Negage (Angola)     

Akpo (Nigeria)     

Agbami (Nigeria)     

Usan/Ukot (Nigeria)     

Moho/Bilondo (Congo)     

Tui (Australia)    

Maari (New Zealand)     

Stybarrow (Australia)     

BMG (Australia)     

Frade (Brazil)     

ESS-132 (Brazil)     

Marlim Leste P-53 (Brazil)     

Neptune (Gulf of Mexico)     

Skarv (Norway)     

Donan (U.K.)     

Kikeh (Malaysia)     

Jasmine (Thailand)     

Belanak (Indonesia)     

West Seno (Indonesia)     

Peng Lai (China)     

Su Tu Vang (Vietnam)     

 

3.  New Orders and Relocations      

Block G TLPs (Equatorial Guinea)     

Golfinho FPSO vessel (Brazil)     

Block 1 production barge (Caspian Sea)    

Alvheim FPSO vessel (Norway)     

Atwater Valley Gas Hub (Gulf of Mexico)     

Piranema FPSO vessel (Brazil)     


4.  Systems On Order      

Thunder Horse production semi (Gulf of Mexico)     

Caratinga P-48 FPSO vessel (Brazil)     

White Rose FPSO vessel (Canada)    

 

5. Systems Recently Completed      

Kizomba A FPSO vessel (Angola)     

Barracuda P-43 FPSO vessel (Brazil)     

Magnolia TLP (Gulf of Mexico)     

Bonan FPSO vessel (China)     

Bozhong FPSO vessel (China)     

Huizhou FPSO vessel (China)     

Belanak FPSO vessel (Indonesia)     

FSO vessels     

 

6. Existing Systems   

Etame FPSO vessel (Gabon)     

Girassol FPSO vessel (Angola)     

Jamestown FPSO vessel (Nigeria)     

Wanaea/Cossack FPSO vessel (Australia)     

Maui B FPSO vessel (New Zealand)     

Caofeidian FPSO vessel (China)     

Balmoral production semi (U.K.)     

Varg FPSO vessel (Norway)     

 

 

III.     UNDERLYING MARKET DRIVERS

 

1.          Oil Demand Growing at a Fast Pace     

2.          Supply/Demand Cotninues to Raise Concern     

3.          Crude Has Soared to Almost $50 Per Barrel    

4.          E&P Spending Outlook Is Bullish   

5.          Offshore Rig Activity Is Strengthening     

6.          Orders for Production Floaters Have Picked Up     

 

IV.    COMPANIES AND TECHNOLOGY

 

1.          Oil Processing Capacity of Production Floaters     

2.          Delays Continue to Plague West Africa Projects    

3.          Petrobas Leases a New Cylindrical Design FPSO     

4.          Several Players Looking at New Brazilian Facility for Building Large Floaters     



List of Exhibits

1.          Deliveries and Orders Since the July Report  

2.          Current Orders for Production and Storage Systems    

3.          Trend in Order Backlog for Floating Production Systems   

4.          Number and Location of Facilities Fabricating and Converting Floating Production Units 

5.          Projects in the Planning, Bidding or Final Design Stage as of November 2004  

6.          Overview of Floating Production Systems and Storage Vessels in Operation or Available as of November 2004  

7.          Inventory of Floating Production Systems as of November 2004   

8.          Inventory of Floating Storage Systems as of November 2004  

9.          Floating Production and Storage Systems Installed Since September 1996   

10.      Floating Production and Storage Systems on Order as of November 2004   

11.      Overview of Who's Building What?  

12.      Location and Water Depths of Floating Production Systems Planned or Under Study as of November 2004   

13.      List of Floating Production Systems Being Bid, Designed, Planned or Studied as of November 2004   

14.      Trend in Global Oil Demand   

15.      OPEC Production Since July 2004   

16.      Actual and Futures Price of Crude    

17.      Henry Hub Natural Gas Price and Nymex Futures   

18.      Trend in Number of Active Rigs Operating Offshore the U.S. and Other Locations   

19.      Trend in Orders for Floating Production Systems  

20.     Oil Processing Capacity of Production Floaters in Service and On Order  

 

 

 

International Maritime Associates, Inc.
1250 24th Street N.W. Suite 350
Washington D.C. 20037 USA
Tel: 1-202-333-8501
Mobile: 1-202-415-8501
Fax: 1-202-318-8114
Email: imaassoc@msn.com
Website: www.imastudies.com