International Maritime Associates, Inc.     |   home

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


 

Floating Production Systems
June 2003 Report

I.     CURRENT AND PLANNED FLOATING PRODUCTION SYSTEMS

 

1. Overview of the Floater Business Sector         1

Recent Orders and Deliveries     1

What's Now Being Built          1

Trend in Order Backlog           2

Where Units are Being Built          2

Floaters Planned or Under Study     3


2. Details for Floaters in Operation, On Order or Planned        5

Floating Production Systems Now Operating or Available      5

Inventory of Floating Storage Systems      20

Production and Storage Systems Installed Since September 1996     21

Floaters Now on Order      24

Floating Production Projects Planned or Under Study      37

  II.    RECENT DEVELOPMENTS

 

1. Projects in the Planning Stage       45

Block 14 (Angola)     45

Block 17 (Angola)     45

Block 31 (Angola)     45

Block 32 (Angola)     46

Ukot/Usan (Nigeria)     46

Ras Tafelney/Rimella (Morocco)      46

Ibhubesi (South Africa)      46

Sunrise (Australia)     46

Jansz (Australia)      47

BC-50 (Brazil)      47

BS-500 (Brazil)      47

Sergipe (Brazil)      47

Jubarte/Cachalote (Brazil)      47

BS-400 (Brazil)      47

Hebron/Ben Nevis (Canada)      48

Peng Lai 2 (China)      48

Bonan (China)      48

Constitution (Gulf of Mexico)      48

Hawkes (Gulf of Mexico)      48

Hornet (Gulf of Mexico)    49

Trident (Gulf of Mexico)      49

Great White (Gulf of Mexico)    49

AC 690 (Gulf of Mexico)      50

AC 775/951 (Gulf of Mexico)      50

K2 (Gulf of Mexico)      50

Merganser (Gulf of Mexico)      50

Jubilee/Atlas (Gulf of Mexico)      51

Boa/Kneler (Norway)      51

Zafar (Azerbaijan)      51

Krishna-Godavari (India)    51

Voi Trang (Vietnam)      51

 

2. Projects in the Final Design or Bidding Stage        52

Block 18 (Angola)      52

Block 15 (Angola)      52

Moho/Bilondo (Congo)      53

Baobab (Cote d'Ivoire)      53

Zafiro (Equatorial Guinea)      53

Block G (Equatorial Guinea)      53

Chinguetti (Mauritania)     53

Agbami (Nigeria)      53

Akpo (Nigeria)      54

OPL 98 (Nigeria)      54

Okwori (Nigeria)      54

Mutineer/Exeter (Australia)      55

Maari (New Zealand)      55

Marlim Sul, Marlim Leste and Roncador (Brazil)      55

Tahiti (Gulf of Mexico)      55

Corocoro (Venezuela)      55

Ranggas (Indonesia)      56

Kikeh (Malaysia)      56

 

3.  New Orders and Relocations       56

Kizomba B Wellhead (Angola)      56

Dalia FPSO vessel (Angola)      56

Enfield FPSO vessel (Australia)     57

Corocoro FSO vessel (Venezuela)      57

 

4. Systems Recently Completed       57

Zafiro FPSO vessel (Equatorial Guinea)      57

Sable FPSO vessel (South Africa)      58

Bijupira/Salema FPSO vessel (Brazil)      58

Na Kika production semi (Gulf of Mexico)      58

Matterhorn TLP (Gulf of Mexico)      58

Medusa production spar (Gulf of Mexico)      58

 

5. Existing Systems    58

EA FPSO vessel (Nigeria)      59

Isis FPSO vessel (Tunisia)      59

Glitne FPSO vessel (Norway)      59

 

 

III.     UNDERLYING MARKET DRIVERS

 

1.          While Near Term World Oil Demand Growth Slows, Long Term Demand Still Very Positive      61

2.          OPEC Continues to Produce Above Quota      63

3.          Oil and Gas Prices Have Remained Relatively Firm     64

4.          Offshore E&P Activity Accelerating    65

5.          So Why Has Floater Order Intake Declined Over The Past Several Months?      67

 

IV.    COMPANIES AND TECHNOLOGY

 

1.          14 FPSOs For Sale      69

2.          Recent MMS Sale Demonstrates Continued Interest in the Ultra-Deepwater Gulf of Mexico     72

3.          Modec, a Major Floating Systems Provider, to Raise ¥7.5 Billion Through an IPO      73

4.          Compact Gas-to-Liquid Plant to be Demonstrated      73

5.          CNG Transport Continues to Draw Industry Interest      73