International Maritime Associates, Inc.     |   home

March 2013 Report | November 2012 Report | July 2012 Report | April 2012 Report | November 2011 Report | July 2011 Report | March 2011 Report | November 2010 Report | July 2010 Report | March 2010 Report | November 2009 Report | July 2009 Report | April 2009 Report | December 2008 Report | July 2008 Report | March 2008 Report | November 2007 Report | July 2007 Report | March 2007 Report | November 2006 Report | July 2006 Report | March 2006 Report | November 2005 Report | July 2005 Report | April 2005 Report | November 2004 Report | July 2004 Report | March 2004 Report | October 2003 Report | June 2003 Report | February 2003 Report | August 2002 Report | April 2002 Report | November 2001 Report | July 2001 Report | February 2001 Report | September 2000 Report | April 2000 Report | December 1999 Report | August 1999 Report | March 1999 Report | November 1998 Report | July 1998 Report | March 1998 Report | October 1997 Report | June 1997 Report | February 1997 Report | September 1996 Report


 

Floating Production Systems

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


November 2007

 

Floating Production and Storage Systems
in Service Worldwide

 

 



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 Over the Past 10 Years    

Floaters Now on Order     

Floating Production Projects Planned or Under Study     

  II.    RECENT DEVELOPMENTS

 

1. Projects in the Planning Stage       

Benita Block I (Equatorial Guinea)    

Block P (Equatorial Guinea)     

Calulu (Angola)    

Bilabri (Nigeria)    

Scarborough (Australia)    

Echuca Shoals (Australia)     

Browse (Australia)     

Xerelete (Brazil)    

Espadarte Module 3 (Brazil)     

Cavalo Marinho/Caravela (Brazil)     

Tupi (Brazil)     

Bob North (Gulf of Mexico)     

Brontosaurus North (Gulf of Mexico)     

Kaskida (Gulf of Mexico)     

Lakach (Gulf of Mexico)     

Corona del Mar (Gulf of Mexico)     

Mission Deep (Gulf of Mexico)     

Giove (Italy)     

Hammamet (Tunisia)

Cheviot (U.K.)  

Connemara (U.K.)  

Goliat (Norway)

Mariner/Bressay (U.K.)

Luno (Norway)  

PY-3 (India)

Liwan (China)  

 

2. Projects in the Final Design or Bidding Stage       

Oyo (Nigeria)    

Pazflor (Angola)     

Ichthys (Australia)    

BMG (Australia)    

Telemark 2 (Gulf of Mexico)    

Froy (Norway)     

Pagerungan Utara (Indonesia)   

Kambuna (Indonesia)   

Songkhla (Thailand)   

Bua Ban (Thailand)  

Dua/Blackbird (Vietnam)  

Al Shaheen (Qatar)     

 

3. New Orders       

Cascade/Chinook FPSO (Gulf of Mexico)    

Marlim Sul 3 production semi (Brazil)     

Puffin SW FPSO (Australia)    

Crux FPSO (Australia)    

FPSOcean Spec 2    

Deep Panuke MOPU (Canada)     

Marine IV FSO (Congo)     

GNL Mejillones FSO (Chile)  

Bunga Orkid FSO (Malaysia/Vietnam)  

    

4. Systems On Order       

Phoenix FPU (Gulf of Mexico)    

MA-D6 FPSO (India)     

BW Peace FPSO     

MPF 1000 FPSO     

Sevan 300 No.5 and Sevan 650 FPSOs     

  

5. Systems Recently Completed       

Plutonio FPSO (Angola)    

Puffin FPSO (Australia)     

Roncador FPSO (Brazil)     

Oyong production barge (Indonesia)     

Galoc FPSO (Philippines)     

Xijiang FPSO (China)     

Belanak FSO (Indonesia)     

  

6. Existing Systems       

Etame FPSO (Gabon)    

EA FPSO (Nigeria)     

Okono FPSO (Nigeria)      

Espoir FPSO (Cote d'Ivoire)      

Chinguetti FPSO (Mauritania)      

Bonny River FPSO (Nigeria)      

PY-3 FSO (India)      

Woollybutt FPSO (Australia)      

Piranema FPSO (Brazil) 

White Rose FPSO (Canada)

Didon FPSO (Tunisia)

Atlantis production semi (Gulf of Mexico)

Galley production semi (U.K.)

Norne FPSO (Norway)

Sepanjang FSO (Indonesia)

Abu FSO vessel (Malaysia)

Bongkot FSO vessel (Thailand)

Ras Isa FSO (Yemen)

 

III.     UNDERLYING MARKET DRIVERS

 

1.          Global Oil Demand in 2008 Expected to Grow 2.3 Percent     

2.          Adequate Oil Supply Remains a Major Concern     

3.          Oil Prices Have Risen to the Mid-$90s    

4.          Deepwater E&P Activity Continues to be Very Strong   

5.          Production Floater Order Intake Fell Over the Past Four Months         


IV.     COMPANIES AND TECHNOLOGY

 

1.          Market Share of Leased FPSO Owners     

2.          Four Groups Positioning for Floating LNG Production     

3.          New Cylindrical FPSO now in Detailed Design    

4.          Generic Design FPSO Utilizes Suezmax Mid-Section   

5.          Submerged Turret Fitted to About 10 Percent of All FPSOs     

6.          SembCorp Forms JV to Own/Operate Large Brazil Shipyard

7.          Prosafe May Seperate Its Production and Accommodation Business

8.          Nigeria's Demand for Bigger Share of Oil Revenue Threatens Projects

9.          Conocophillips Negotiating Transfer of Corocoro Assets

 




List of Exhibits

1.       Floater Deliveries and Orders Since the July Report

2.       Current Order Backlog for Floating Production and Storage Systems

3.      Order Backlog for Floating Production Systems Has Dropped Slightly

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 1998

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.     Goliat Development Options

17.     Breakdown of Capex for MPF 1000

18.     Annual Growth in Global Oil Demand

19.      Projected Long Term Growth in Global Oil Demand

20.     OPEC Oil Production vs. Sustainable Capacity

21.     Actual and Futures Price of Crude

22.      Henry Hub Natural Gas Price and Nymex Futures

23.       Diamond Offshore Revenue Backlog

24.      Transocean Quarterly Contract Backlog in 2007

25.       Trend in Offshore Rig Score

26.       Ten Year Trend in Orders for Floating Production Systems

27.       Market Share of Leased FPSO Owners

28.       New Cylindrical FPSO

29.        Submerged Turret Production Systems Installed 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