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Floating Production Systems

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


July 2012

 

Number of Floating Production
Projects Being Planned

 

 





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       

Paon (Cote d'Ivoire)    

Ofrima/Udele`(Nigeria)     

Mzia (Tanzania)    

Caldita/Barossa LNG (Australia)    

Crux (Australia)    

Fragata (Brazil)     

Grana Padano(Brazil)     

Itacoatiara (Brazil)    

ELS LNG Terminal (U.S.)     

Kunah (GOM)     

Son of Bluto II (Gulf of Mexico)     

Heidrun Storage (Norway)     

Skrugard/Havis (Norway)     

Shimshon (Israel)     

Kakinada-Haldia LNG (India)     

Dorado/Barracuda (Sri Lanka)  

Jagus/Julong (Brunei)    

Bertam (Malaysia)

Block SK308 (Malaysia)

KBM Cluster (Malaysia)

Tabangao LNG (Philippines)

Tindalo/Nido (Philippines)

Ubon (Thailand)

Liuhua 16-2 (China)


2. Projects in the Final Design or Bidding Stage       

Cernambi North (Brazil)    

Tamar LNG (Israel)     

Gangavaram (India)    

Blocks 10/48 and 11/48 (Thailand)    

    

3. New Orders       

Gas Atacama Mejillones FSRU (Chile)    

LLOG Production Semi (GOM)     

Aasta Hansteen Spar (Norway)     

Fram FPSO (U.K.)     

Western Isles FPSO (U.K.)     

Balai Cluster FPSO (Malaysia)     

Cendor Phase 2 FPSO (Malaysia)     

Kamelia FPSO (Malaysia)     

Kanowit FLNG (Malaysia)     

Palanca FSO (Angola)     

Lucina FSO (Gabon)     

       

4. Systems on Order       

Papa Terra FPSO (Brazil)    

Serial FPSOs (Brazil)    

Cidade de Mangaratiba MV-24 FPSO (Brazil)   

Dong Do/Thang Long FPSO (Vietnam)  

    

5. Systems Recently Completed       

Erawan 2 FSO (Thailand)    

  

6. Existing Systems       

FPSO Petroleo Nautipa (Gabon)    

Golar Winter FSRU (Brazil)    

Peregino FPSO (Brazil)    

Four Rainbow FPSO (Australia)    

Alvheim FPSO (Norway)

Schiehallion FPSO (U.K.) 

West Seno FPU (Indonesia)

Kikeh FPSO (Malaysia)

      

III.     UNDERLYING MARKET DRIVERS

 

1.          Global Oil Demand Continues to Grow     

2.          Near Term Oil Supply Impacted by Iran Sanctions    

3.          Future Oil Prices are Hovering in the $86 to $94 Range    

4.          Deepwater Drilling Remains Strong   

5.          Production Floater Orders Continue Above Long Term Average         

       

IV.    COMPANIES AND TECHNOLOGY

1.          Percentage of Leased FPSOs Trending Downward    

2.          Petrobras New 5 Year Business Plan    

3.          Drillships/Semis on Order Will Add 18% to Deepwater Drill Capacity    

4.          Modec Buys VLCC for Future FPSO Conversion   

 



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.             Order Backlog for Floating Production Systems is Now at 74 Units

5.             Growing Number of Floating Production Projects in the Planning Stage

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.         Global Oil Demand Forecast 2011-2013

19.         Economic Growth in Advanced and Emerging Economies

20.         OPEC Crude Production

21.         Spot Price of WTI and Brent Crude

22.         Trend in Orders for Floating Production Systems

23.          Trend in FPSO Ownership

24.          Petrobras Production Curve and Projected Production Units to 2020

25.          Petrobras Exploration and Production Development Forecast 2012-2016

26.          Drillships and Semisubmersible Rigs 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