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Floating Production Systems

assessment of the outlook for FPSOs,
Semis, TLPs, Spars, and FSOs


July 2007

 

Growing Backlog of
Production Floater Orders

 

 



Outline of Report

 

I.     CURRENT AND PLANNED FLOATING PRODUCTION SYSTEMS

 

1. Overview of the Floater Business Sector        

Recent Orders, Deliveries and Relocations    

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/Offloading Systems     

Production and Storage/Offloading Systems Installed Since 1996    

Floaters Now on Order     

Floating Production Projects Planned or Under Study     

  II.    RECENT DEVELOPMENTS

 

1. Projects in the Planning Stage       

Etinde Block 5(Cameroon)    

Benita Block I (Equatorial Guinea)     

Mahogany (Ghana)    

Okwok (Nigeria)    

Pirambu (Brazil)    

Maromba (Brazil)     

Caratai/Carapicu (Brazil)     

Cantarell (Mexico)    

Chuck (Gulf of Mexico)     

North Cuba Basin (Gulf of Mexico)     

Connemara (U.K.)     

Ermintrude (Norway)     

Dhirubhai (India)     

Farsi (Iran)     

Aster/Tulip (Indonesia)     

Krueng Mane (Indonesia)     

Abadi (Indonesia)     

Dong Ho (Vietnam)          

 

2. Projects in the Final Design or Bidding Stage       

Crux (Australia)    

Suape LNG regas (Brazil)     

Jamaica LNG regas (Jamaica)    

Cyprus gas-to-power (Cyprus)    

Timan-Pechora (Russia)    

Al Shaheen (Qatar)     

 

3. New Orders       

Okoro FPSO vessel (Nigeria)    

Van Gogh FPSO vessel (Australia)     

Pyrenees FPSO vessel (Australia)    

Siem Sailor FPSO vessel (Mexico)    

Ruby FPSO vessel (Vietnam)    

Bualuang FPSO vessel (Thailand)     

Song Doc FPSO vessel (Vietnam)     

Nexus Spec 2  

Pecem and Guanabara Bay LNG regas floaters (Brazil)  

Livorno LNG regas floater (Italy)

    

5. Systems On Order       

Front Puffin FPSO vessel (Australia)    

Oyong production barge (Indonesia)     

  

6. Systems Recently Completed       

Tui FPSO vessel (New Zealand)    

Roncador P 52 production semi (Brazil)     

  

7. Existing Systems       

N'Kossa production barge (Congo)    

Wanaea/Cossack FPSO vessel (Australia)     

Elang/Kakatua FPSO vessel (Australia)      

Albacora Leste P 50 FPSO vessel (Brazil)      

NaKika production semi (Gulf of Mexico)      

Triton FPSO vessel (U.K.)      

Snorre A TLP (Norway)      

Balmoral production semi (U.K.)      

Corocoro FSO vessel (Venezuela) 

PY-3 FSO vessel (India)

Sembilang FPU (Indonesia)

 

III.     UNDERLYING MARKET DRIVERS

 

1.          Global Oil Demand Growth Revised Upward     

2.          Future Supply Doubts Continue to Grow     

3.          Oil Futures Prices Have Risen Above $70    

4.          E&P Spending Expected to be Significantly Higher in 2007   

5.          Production Floater Orders Continue at a Strong Pace         


IV.     COMPANIES AND TECHNOLOGY

 

1.          Age Profile of Converted FPSO Hulls     

2.          Tanker Hulls Being Acquired for FPSO Conversions     

3.          Floating Wind Turbines Gaining Interest    

4.          Production Floater Operators Continue to Attract Equity   

5.          Marubeni And Fred Olsen Production Form Strategic Alliance for FPSO/FSO Projects     

6.          Pemex Moving Into Deepwater

 




List of Exhibits

1.      Floater Deliveries and Orders Since the March Report

2.      Current Order Backlog for Floating Production and Storage Systems

3.     Trend in Order Backlog for Floating Production Systems Hits Another All Time High

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

5.      Regional Distribution of Projects in the Planning or Bidding/Final Design Stage

6.      Overview of Floating Production and Storage Systems in Operation

7.      Details for Current Inventory of Floating Production Systems

8.      Details for Current Inventory of Floating Storage/Offloading Systems

9.      10 Year Overview of Floating Production and Storage/Offloading Systems

10.   Details for Floating Production and Storage/Offloading Systems Installed Since 1996

11.   Overview of Where Floaters on Order Are to be Installed

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

13.    Overview of Who's Building What

14.     Regional Distribution and Water Depth of Floaters Planned or Under Study

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

16.    Five Year Forecast of Global Oil Demand

17.     Regional Growth in Oil Consumption

18.    Actual and Futures Price of Crude

19.   Henry Hub Natural Gas Price and Nymex Futures

20.    Trend in Offshore Rig Score

21.     Ten Year Trend in Orders for Floating Production Systems

22.     Age of Converted FPSO Hulls

 




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