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Floating Production Systems

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

November 2005

 

29 Facilities Are Fabricating or Converting
Floating Production or Storage Units

 

 




Outline of Report

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 31 (Angola)    

Negage (Angola)     

Aje (Nigeria)    

Cutter (New Zealand)    

Montara (Australia)    

Chinook (Brazil)     

Anduin (Gulf of Mexico)     

Bigfoot (Gulf of Mexico)    

Great White (Gulf of Mexico)     

Thunder Hawk (Gulf of Mexico)     

Tubular Bells (Gulf of Mexico)     

Puma (Gulf of Mexico)     

Cragganmore (U.K.)     

Mariner (U.K.)     

Gjoa (Norway)     

Krishna Godavari (India)     

West Seno (Indonesia)     

Banyu Urip (Indonesia)     

Bukat (Indonesia)     

Ubah (Malaysia)     

Malampaya Oil Rim (Philippines)     

Rang Dong (Vietnam)     

Cuu Long (Vietnam)     

 

2. Projects in the Final Design or Bidding Stage       

Miocene Pole (Angola)     

EOV (Gabon)     

Kizomba C (Angola)     

Usan (Nigeria)     

Bosi (Nigeria)     

Stybarrow (Australia)     

Tui (New Zealand)    

DP FPSO (Brazil)     

Telemark (Gulf of Mexico)     

KuMaZa (Mexico)     

Ettrick (U.K.)     

Skarv (Norway)     

Bombay High (India)     

Jeruk (Indonesia)     

Bach Ho (Vietnam)          

 

3.  New Orders and Relocations      

Anton FPSO vessel (Nigeria)     

Puffin FPSO vessel (Australia)     

Golfinho II FPSO vessel (Brazil)    

Polvo FPSO vessel (Brazil)     

KuMaZa FPSO vessel (Mexico)     

Xijiang FPSO vessel (China)     

Wenchang FPSO vessel (China)     

Blind Faith production semi (Gulf of Mexico)     

Moho/Bilondo production barge (Congo)  

Oyong production barge (Indonesia)

Maleo MOPU (Indonesia)  

PRA-1 FSO vessel (Brazil)  

Belenak LPG FSO vessel (Indonesia)  


4.  Systems On Order      

Akpo FPSO vessel (Nigeria)     

Chinguetti FPSO vessel (Mauritania)     

Erha FPSO vessel (Nigeria)    

Espadarte Sul FPSO vessel (Brazil)     

Thunder Horse production semi (Gulf of Mexico)   

Gomez production semi (Gulf of Mexico)

Oudna FPSO vessel (Tunisia)   

 

5. Systems Recently Completed      

White Rose FPSO vessel (Newfoundland)     

BMG FPSO and FSO vessels (Australia)     

Caspian Sea MOPU/FSO vessel (Turkmenistan)     

 

6. Existing Systems   

Zafiro FPSO vessel (Equatorial Guinea)     

Kizomba A TLP/FPSO vessel (Angola)     

Wanaea/Cossack FPSO vessel (Australia)     

Laminaria FPSO vessel (Australia)     

Woollybutt FPSO vessel (Australia)     

Front Runner production spar (Australia)     

Asgard B production semi (Norway)     

Kristin production semi (Norway)     

Schiehallion FSPO vessel (U.K.)     

Ross/Blake FPSO vessel (U.K.)     

Leadon, Gryphon, Janice production units (U.K.)     

Typhoon TLP (Gulf of Mexico)     

Mars TLP (Gulf of Mexico)     

Ruby Princess FPSO vessel (Malaysia)     

 

7. Sale and Decommissioning      

P 13 production semi (Brazil)     

P 24 production semi (Brazil)     

    

 

 

III.     UNDERLYING MARKET DRIVERS

 

1.          Oil Demand Continues to Grow     

2.          Energy Supply Remains Tight     

3.          Oil and Natural Gas Prices Near Record Levels    

4.          Energy Companies Reporting Windfall Profits   

5.          Offshore E&P Activity is Very Strong     

6.          Recent Production Floaters at Record Pace     

    

 

IV.    COMPANIES AND TECHNOLOGY

 

1.          Market Position of the Top 20 Production Floater Users     

2.          Top 20 Owners of Production Floaters    

3.          Hydrate Technology to Tap Stranded Gas     

4.          Shuttle Tankers Being Used in the Gulf of Mexico     

5.          Earmarking Hulls and Tying Up Newbuild Slots for FPSOs     

6.          Four Yards in China Now Building FPSOs     

7.          Possible Expanded Development in the Gulf of Mexico     

8.          Keppel Fels and McDermott Form JV for Deepwater Projects     

List of Exhibits

1.         Deliveries and Orders Since the July Report  

2.         Current Order Backlog for Production and Storage Systems    

3.         Ten Year Trend in Order Backlog for Floating Production Systems   

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

5.         Projects Currently in the Planning, Bidding or Final Design Stage  

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

7.          Current Inventory of Floating Production Systems   

8.           Inventory of Floating Storage Systems  

9.           Floating Production and Storage Systems Installed Over the Past Ten Years   

10.       Details for Floating Production and Storage Systems Currently on Order   

11.       Overview of Who's Building What  

12.       Where Floating Production Systems Planned or Under Study are Headed  

13.       Details for Floating Production Systems Being Bid, Designed, Planned or Studied   

14.       Kizomba C Development Scheme   

15.       Trend in Global Oil Demand   

16.      Trend in Global Natural Gas Demand    

17.       Trend in Global Oil Production   

18.       Natural Gas Reserves in North America   

19.       Actual and Futures Price of Crude  

20.       Henry Hub Natural Gas Price and Nymex Futures  

21.       Philadelphia Oil Service Sector Price Index  

22.       Trend in Orders for Floating Production Systems  

23.       Top 20 Production Floater Users - Units and Processing Capacity  

24.       Ranking of Top 20 Production Floater Owners  

25.       Gas Hydrate Pellet Carrier Conceptual Design  

26.       Chinese Shipyard Penetration in FPSO Construction  

 

 

 




International Maritime Associates, Inc.
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Washington D.C. 20037 USA
Tel: 1-202-333-8501
Mobile: 1-202-415-8501
Fax: 1-202-318-8114
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