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Floating Production Systems

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


November 2012

 

Trend in Order Backlog for
Floating Production Systems

 

 

                          



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       

Blk 18 Platina/Cesio/Chumbo (Angola)    

Padouk`(Cameroon)     

Rio Grande de Sul Regas Terminal (Brazil)    

CM-41 (Brazil)    

ES-M-590 (Brazil)    

Pecem (Brazil)     

Sabia (Brazil)     

Santos Basin Offshore Export Terminal (Brazil)    

Transfer of Rights Area (Brazil)     

CE FLNG (GOM)     

Supremo (GOM)     

PL 533 (Norway)     

Port Meridian Regas Terminal (UK)     

Shtokman FPU (Russia)     

Pipavav Regas Terminal (India)     

Madura MDA/MDH (Indonesia)  

Ubon FSO (Thailand)    

Guangdong Regas Terminal (China)


2. Projects in the Final Design or Bidding Stage       

Bonaparte FLNG (Australia)    

Bream (Norway)     

Catcher FPSO (UK)    

Dagny FSO (Norway) 

Geronggong (Brunei)  

Block H FLNG (Malaysia)    

Bualuang (Thailand)         

    

3. New Orders       

Moho Nord TLP (Congo)    

Iracema Norte FPSO (Brazil)     

Jack/St. Malo Production Semi (GOM)     

Fyne FPSO (North Sea)     

Heidrun FSU (Norway)     

Gaza FSU (Libya)     

Hoegh FSRU (Speculative)     

Golar FLNG (Speculative)     

Manora FSO (Thailand)     

Widuri FSO (Indonesia)     

       

4. Systems on Order       

Petrobras Serial FPSOs (P66 to P73)    

Quintero Bay FSRU (Chile)    

Goliat FPSO (Norway)   

Greater Stella Production Semi - FPF 1 (UK)

Sumatra FSRU (Indonesia)   

    

5. Systems Recently Completed       

FSO Massongo (Cameroon)    

Sapinhoa South FPSO (Brazil)    

Bauna/Piracaba FPSO (Brazil)    

Baleia Azul FPSO (Brazil)    

Corvina Buoyant Tower (Peru)    

Crystal Ocean FPSO (GOM)    

Huntington FPSO (UK) 

D1 FPSO (India)

Pertamina Abherka FSO (Indonesia)

FPSO Berantai (Malaysia) 

LNG FSU Tanaga Empat/Tanaga Satu (Malaysia)  

  

6. Existing Systems       

Moudi FSO (Cameroon)    

FPSO Espoir Ivoiren (Cote d'Ivoire)    

Berge Helene FPSO (Mauritania)    

Armada Perkasa FPSO (Nigeria)    

Holstein Spar, Marlin TLP, Horn Mountain Spar (GOM)

Njord B FSU (Norway) 

Petrojarl 1 FPSO (Norway)

Curlew FPSO (UK)

FSO Africa (Qatar)

PY-3 (India)

Raroa FPSO (New Zealand)

Ikdam FPSO (Available)

      

III.     UNDERLYING MARKET DRIVERS

 

1.          Growth in Global Oil Demand Continues     

2.          Near Term Oil Supply Remains Tight    

3.          Oil Prices Remain Strong    

4.          Deepwater Drilling Remains Strong   

5.          Production Floater Orders Continue to Flow         

       

IV.    COMPANIES AND TECHNOLOGY

1.          FPSO Financing Activity    

2.          Redeploying Floating Production Units    

3.          Chinese Fabricators Expanding Presence in Floating Production Sector    

4.          FPSO Industry Performance - Risk and Reward   

5.          Teekay to Purchase HiLoad Unit for US$55 Million   

 



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 72 Units

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

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

7.            Breakdown of Floating Production and Storage Systems in Operation

8.            Details for Current Inventory of Floating Production Systems

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

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

11.         Overview of Who's Building What

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

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

14.         Breakdown of Planned Projects by Region and Water Depth

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

16.         Annual Growth in Global Oil Demand

17.         OPEC Crude Production

18.         Spot Price of WTI and Brent Crude

19.         Trend in Orders for Floating Production Units

20.         Available Floating Production Units

21.         Floating Production/Storage Units Fabricated in China

 




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
Email: imaassoc@msn.com
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