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Floating Production Systems

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


November 2011

 

Floating Production Backlog
Continues to Grow

 

 



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         

Floater Projects Planned or Under Study    


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

Breakdown of Production and Storage Floaters by Type and Location     

Inventory of Floating Production Systems     

Inventory of Floating Storage/Offloading Systems    

Production and Storage/Offloading Systems Installed Since 1996     

Where Production and Storage Floaters Are Being Built     

Details on Current Order Backlog     

Overview of Where Floating Production Projects are Planned    

Summary of Planned Projects by Location and Water Depth     

Details on Floating Production Projects Planned or Under Study     

  II.    RECENT DEVELOPMENTS

 

1. Projects in the Planning Stage       

GEC Regas Terminal (Ghana)    

Mamba South (Mozambique)     

Kudu (Namibia)    

Laverda (Australia)    

Equus (Australia)    

Zaedyus (French Guiana)     

Fram (U.K.)     

Perth (U.K.)    

Draupne/Luno (Norway)     

Ayatsil/Tekel (Gulf of Mexico)     

Entrada (Gulf of Mexico)     

El Perdido (Gulf of Mexico)     

Logan (Gulf of Mexico)     

Moccasin (Gulf of Mexico)     

Bunga Dahlia/Teratai (Malaysia)     

Wakid (Malaysia)     

Mannar Basin (Sri Lanka)   

Manora (Thailand)  

 

2. Projects in the Final Design or Bidding Stage       

West Patricia (Malaysia)    

Semarang (Indonesia)     

Salawati (Indonesia)    

Tianjin Regas Terminal (China)    

      

3. New Orders       

Crux Liquids FPSO (Australia)    

Cernambi FPSO (Brazil)     

MWCC Spill Capture FPSO (Gulf of Mexico)    

Greater Stella Production Semi (U.K.)    

Medan FSRU (Indonesia)    

VT3 FSRU (Brazil)     

Banyu Urip FSO (Indonesia)    

Melaka LNG Terminal FSU (Malaysia)    

Dissoni Nord FSO (Cameroon)    

 

4. Systems Recently Completed       

Aseng FPSO    

OSX 1 FPSO (Brazil)     

Sepat MOPU/FSO (Malaysia)    

  

5. Existing Systems       

Front Puffin FPSO (Australia)    

Mutineer FPSO (Australia)     

P34 FPSO (Brazil)    

Dynamic Producer FPSO (Brazil)     

Munin FPSO (Available)    

Jotun FPSO (Norway)     

Norne FPSO (Norway)    

Serpentina FPSO (Eq Guinea)     

Tahara Production Semi/Endeavor FSO (India)    

Haewene Brim FPSO (U.K.)     

Lentera Bangsa FSO (Indonesia)    

Langsa Venture FPSO (Indonesia)     

Rubicon Intrepid FPSO (Philippines)     

  

 

III.     UNDERLYING MARKET DRIVERS

 

1.          Global Oil Demand Continues to Grow     

2.          Supply Sources Remain Tight and Unreliable     

3.          Oil Prices Remain Strong    

4.          E&P Capital Expenditure Budgets Growing   

5.          Ultra-Deepwater Drilling Activity Strong     

6.          Deepwater Drilling Capability Expanding        

7.          Six Production Floaters Ordered Since July            

          

IV.     COMPANIES AND TECHNOLOGY

 

1.          Teekay Agreed to Purchase Sevan Marine     

2.          Strong Demand for Production Floater Construction in Brazil     

3.          FPSO Contractors Establishing Local Yard Presence in Bazil    

4.          Indonesian Cabotage/Local Content Impacting FPSO/FSO Projects   

 

 


List of Exhibits

1.             Current Available Floater Inventory

2.             Recent Floater Deliveries and Orders

3.             Current Order Backlog for Floating Production and Storage Systems

4.             Trend in Order Backlog for Floating Production Systems

5.             Facilities Fabricating or Converting Floating Production or Storage Units

6.             Regional Distribution of Projects in the Bidding and Final Design Stage

7.             Regional Distribution of Projects in the Planning and Study Stage

8.             Breakdown of Floating Production and Storage Systems in Operation

9.             Details for Current Inventory of Floating Production Systems

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

11.         Floating Production and Storage/Offloading Systems Installed Since 1996

12.         Overview of Who's Building What

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

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

15.         Breakdown of Planned Projects by Region and Water Depth

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

17.         Annual Growth in Global Oil Demand

18.         Economic Growth in Advanced and Emerging Countries

19.         OPEC Crude Production

20.         Spot Price of WTI Crude

21.         Long Term Trend in Orders for Floating Production Systems

 




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