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Floating Production Systems

November 2001 Report

List of Exhibits


 1. Trend in Order Backlog for Floating Production Systems  2
 2. Number and Location of Firms Fabricating Floater Hulls or Topsides  3
 3. Projects in the Planning, Bidding or Final Design Stage as of November 2001  4
 4. Overview of Floating Production Systems and Storage Vessels in Operation or Available as of November 2001  5
 5. Inventory of Floating Production Systems as of November 2001  6
 6. Inventory of Floating Storage Systems as of November 2001  18
 7. Floating Production and Storage Systems Installed Over the Past Five Years  19
 8. Floating Production and Storage Systems on Order as of November 2001  22
 9. Overview of Who's Building What?  31
10. Location and Water Depths of Floating Production Systems Planned or Under Study as of November 2001  32
11. List of Floating Production Systems Being Bid, Designed, Planned or Studied as of November 2001  33
12. Ultra-Deepwater Fields Now Being Developed in the Gulf of Mexico  47
13. Ultra-Deepwater Prospects in the Gulf of Mexico and the Likely Production Solution  49
14. Views on Outlook for the World Economy  68
15. OPEC Production vs. Agreed Quota Through September  69
16. Trend in WTI Crude Price Since January  70
17. Actual and Futures Price of Crude  72
18. Henry Hub Natural Gas Price and Nymex Futures  73
19. Trend in New Orders for Floating Production Systems  74
20. Long Term Actual and Projected Growth in World GDP  75
21. Declining Unit Cost of Floating Production  76
22. Summary Forecast of Orders for Floating Production Units Over the Next Five Years  77
23. What Type of Floater Will Be Used?  78
24. Actual and Forecast Installations of FPSO Vessels Through Mid-2008  79
25. Projected Orders for FPSO Vessels Over the Next Five Years  80
26. Projected Capex for FPSO Vessels Over the Next Five Years  81
27. Actual and Forecast Installations of Production Semis Through Mid-2008  82
28. Projected Orders for Production Semis Over the Next Five Years  83
29. Projected Capex for Production Semis Over the Next Five Years  83
30. Actual and Forecast Installations of TLPs Through Mid-2008  85
31. Projected Orders for TLPs Over the Next Five Years  85
32. Projected Capex for TLPs Over the Next Five Years  86
33. Actual and Forecast Installations of Production Spars Through Mid-2008  87
34. Projected Orders for Production Spars Over the Next Five Years  88
35. Projected Capex for Production Spars Over the Next Five Years  88
36. Comparison of This Year's vs. Last Year's Five Year Forecast of Floating Production System Orders  89
37. Texaco's Concept for Split Production Between a DTU and FPSO Vessel  94