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Floating Production Systems Report Series - 2008 | March 2008 Report Cover - Table of Contents - List of Exhibits | November 2007 Report Cover - Table of Contents - List of Exhibits | July 2007 Report Cover - Table of Contents - List of Exhibits | March 2007 Report Cover - Table of Contents - List of Exhibits | November 2006 Report Cover - Table of Contents - List of Exhibits | July 2006 Report Cover - Table of Contents - List of Exhibits | March 2006 Report Cover - Table of Contents - List of Exhibits | November 2005 Report Cover - Table of Contents - List of Exhibits | July 2005 Report Cover - Table of Contents - List of Exhibits | April 2005 Report Cover - Table of Contents - List of Exhibits | November 2004 Report Cover - Table of Contents - List of Exhibits | July 2004 Report Cover - Table of Contents - List of Exhibits | March 2004 Report Cover - Table of Contents - List of Exhibits | October 2003 Report Cover - Table of Contents - List of Exhibits | June 2003 Report Cover - Table of Contents - List of Exhibits | February 2003 Report Cover - Table of Contents - List of Exhibits | August 2002 Report Cover - Table of Contents - List of Exhibits | April 2002 Report Cover - Table of Contents - List of Exhibits | November 2001 Report Cover - Table of Contents - List of Exhibits | July 2001 Report Cover - Table of Contents | February 2001 Report Cover - Table of Contents | September 2000 Report Cover - Table of Contents | April 2000 Report Cover - Table of Contents | December 1999 Report Cover - Table of Contents | August 1999 Report Cover - Table of Contents | March 1999 Report Cover - Table of Contents | November 1998 Report Cover - Table of Contents | July 1998 Report Cover - Table of Contents | March 1998 Report Cover - Table of Contents | October 1997 Report Cover - Table of Contents | June 1997 Report Cover - Table of Contents | February 1997 Report Cover - Table of Contents | September 1996 Report Cover - Table of Contents
I. CURRENT AND PLANNED FLOATING PRODUCTION SYSTEMS
1. Overview of Current Inventory, Orders and Planned Projects
1
2. Inventory of Floating Production Systems 5
3. Inventory of Floating Storage Systems 18
4. Production and Storage Systems Installed Over the Past
Five Years 19
5. Details for Floaters Now on Order 22
6. Floating Production Systems Planned or Being Studied 32
II. RECENT DEVELOPMENTS
1. Projects in the Planning Stage 41
Block 14 (Angola) 41
Block 34 (Angola) 41
Baobab (Cote d'Ivoire) 42
Zafiro (Equatorial Guinea)
42
Doro/Bolia (Nigeria) 42
Niger Delta (Nigeria) 42
Erha (Nigeria) 43
Nnwa (Nigeria) 43
Enfield (Australia) 43
Sunrise/Troubadour (Australia)
43
Sergipe-Alagoas (Brazil)
44
BM-S-22 (Brazil) 44
BS-4 (Brazil) 44
Roncador (Brazil) 44
Other Brazil E&P Licenses
44
Goliath (Barents Sea) 45
Snøhvit (Barents Sea)
45
Kameleon/Kneler (Norway)
45
Svale (Norway) 45
Buzzard (U.K.) 45
Tiaka (Indonesia) 46
Ranggas (Indonesia) 46
Natuna D (Indonesia) 46
Bao Gan/Bao Vang (Vietnam)
46
Topaz (Vietnam) 47
Concho (Gulf of Mexico) 47
Zia (Gulf of Mexico) 47
Ultra-Deepwater Gulf of Mexico
47
Eastern Area Gulf of Mexico
48
2. Projects in the Final Design or Bidding Stage
49
Block 17 (Angola) 50
Block 15 Kizomba B (Angola)
50
Block 18 (Angola) 50
Noah (Nigeria) 51
Yoho (Nigeria) 51
Akpo (Nigeria) 51
Agbami (Nigeria) 52
Moho/Bilondo (Congo) 52
Audacious (Australia) 53
Albacora Leste (Brazil) 53
White Rose (Canada) 53
Kristin (Norway) 54
Haldia (India) 54
Sidayu/Ujung Pangkah (Indonesia)
54
Jabung (Indonesia) 54
Banyu Urip (Indonesia) 54
Cendor (Malaysia) 55
Sutu Den (Vietnam) 55
Hawkes (Gulf of Mexico) 55
Marco Polo (Gulf of Mexico)
56
Llano (Gulf of Mexico) 56
Gunnison (Gulf of Mexico)
56
Front Runner (Gulf of Mexico)
57
3. New Orders and Relocations 57
Kizomba A FPSO vessel and
DCU (Angola) 57
Okono/Okpoho EPS and FPSO
vessels (Nigeria) 58
3rd Bergesen FPSO vessel
(West Africa) 58
2nd Generic FPSO vessel (West
Africa) 59
Aquitaine FPSO vessel (Libya)
59
Panyu FPSO vessel (China)
59
Matterhorn TLP (Gulf of Mexico)
60
Bunga Kekwa FSO vessel (Malaysia/Vietnam)
60
Bongkot FSO vessel (Thailand)
60
Etame FPSO vessel (Gabon)
60
Crazy Horse production semi
(Gulf of Mexico) 61
West Seno FPSO vessel (Indonesia)
61
Belanak FPSO vessel (Indonesia)
61
4. Systems Recently Completed 62
Qinhuangdao FPSO vessel (China)
62
Glitne FPSO vessel (Norway)
62
Snorre B production semi
(Norway) 62
Terra Nova FPSO vessel (Canada)
63
Prince Mini-TLP (Gulf of
Mexico) 63
Typhoon Mini-TLP (Gulf of
Mexico) 63
Brutus TLP (Gulf of Mexico)
63
5. Existing Systems 64
Malongo FPSO vessel (Angola)
64
Obe FPSO vessel (Nigeria)
64
Roncador EPS FPSO vessel
(Brazil) 64
Suizhong FPSO vessel (China)
65
Huizhou FPSO vessel (China)
65
Hutton TLP (U.K.) 65
Schiehallion FPSO vessel
(U.K.) 65
Åsgard production units
(North Sea) 66
Foinaven FPSO vessel (North
Sea) 66
III. UNDERLYING MARKET DRIVERS
1. Deterioriating World Economy Lowers Near Term
Outlook for Oil Demand 67
2. Opec Producers Exceeding Output Quotas And Russia
Adding To Supply 69
3. Crude Spot Prices Have Fallen 23 Percent Since
Mid-September 70
4. Despite the Drop, Most Analysts See the Long Term
Price of Crude Above $20 70
5. The Futures Market Also Sees The Long Term Price
Of Crude Above $20 71
6. The Market Sees Natural Gas Futures Prices in the
$3.50 to $4.00 Range 72
7. No Noticeable Weakening Of Demand For Floating
Production Systems 74
8. Long Term Fundamentals Continue to be Strong 75
IV. FORECAST OF FLOATER REQUIREMENTS
1. Summary of the Available Five Year Market 77
2. FPSO Vessels Will Account for More Than 60 Percent
of Future Orders 78
3. Production Semi Orders Will Be Only A Handful,
But Will Be Big Ticket Units 81
4. Big Increase In Mini And Wellhead TLPS Anticipated
84
5. Recent High Ordering Rate of Spars Expected to
Continue 86
6. How Does This Forecast Compare With Last Year's?
89
V. TECHNOLOGY AND COMPANIES
1. Financing Of Floating Production Systems 93
2. DTU/FPSO Production Solution For Ultra-Deepwater
Gulf Of Mexico Fields 93
3. Commercializing Offshore Stranded Gas Stirs Interest
94
4. Bluewater Buys Navion's FPSO Vessels 95
5. IHC Caland Buys Atlantia Offshore 96