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Floating Production Systems
November 2006 Report

I.     CURRENT AND PLANNED FLOATING PRODUCTION SYSTEMS

 

1. Overview of the Floater Business Sector        

Recent Orders, Deliveries and Relocations    

What's Now Being Built         

Trend in Order Backlog          

Current Fabrication and Conversion Activity         

Floaters Planned or Under Study    


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

Inventory of Floating Production Systems     

Inventory of Floating Storage/Offloading Systems     

Production and Storage Systems Installed Over the Past Ten Years    

Floaters Now on Order     

Floating Production Projects Planned or Under Study     

  II.    RECENT DEVELOPMENTS

 

1. Projects in the Planning Stage       

Platina(Angola)    

Clov (Angola)     

EOV (Gabon)    

Pelican (Mauritania)    

Amulet (Australia)    

Sunrise (Australia)     

Theo (Australia)     

Papa Terra (Brazil)    

Tupi (Brazil)     

Urugua/Tambau (Brazil)     

Baleia Azul (Brazil)     

Marlim Sul 4 (Brazil)     

Roncador 4 (Brazil)     

Cachalote (Brazil)     

Cavalo Marinho (Brazil)     

Knotty Head (Gulf of Mexico)     

Pony (Gulf of Mexico)     

Stones (Gulf of Mexico)     

Gotcha (Gulf of Mexico)     

Sognelfjord (Gulf of Mexico)     

Maximino (Mexico)     

Castor (Spain)     

Cluster 7 (India)     

Port Qasim (Pakistan)     

Dua (Vietnam)     

 

2. Projects in the Final Design or Bidding Stage       

Block 31 (Angola)    

Usan (Nigeria)     

Bosi (Nigeria)    

Tiof (Mauritania)    

Pyrenees (Australia)    

Pipa 2 (Brazil)     

Pecem/Guanabara LNG Regas (Brazil)     

Peregrino (Brazil)    

ESS- 164 (Brazil)    

ESS- 130 (Brazil)    

Corocoro (Venezuela)    

Yme (Norway)    

Livorno LNG Regas (Italy) 

Jack (Gulf of Mexico)

Cascade (Gulf of Mexico)

Mariner (U.K.)

MA (India)

Gendalo (Indonesia)

Gehem/Ranggas (Indonesia)

Kambuna (Indonesia)   

 

3. New Orders       

Gimboa FPSO vessel (Angola)    

TBD FPSO vessel (Africa)     

Montara FPSO vessel (Australia)    

Parque das Conchas FPSO vessel (Brazil)    

Siri FPSO vessel (Brazil)    

Pemex EWT 3 (Mexico)     

Perdido production spar (Gulf of Mexico)     

Phoenix production vessel (Gulf of Mexico)  

Telemark MinDoc production floater (Gulf of Mexico)  

Thunder Hawk production semi (Gulf of Mexico)

Gjoa production semi (Norway)

FPSO East Fortune (Indonesia)

Calauit production/drill semi (Philippines)

Arthit FPSO vessel (Thailand)

Rang Dong FSO vessel (Vietnam)

Aker Smart 3 FSO vessel (Malaysia)

Deep Producer FPSO vessel (speculative)

MPF 1000 FDPSO vessel (speculative)      

    

5. Systems On Order       

Saxi FPSO vessel (Angola)    

Mondo FPSO vessel (Angola)     

Bilabri FPSO vessel (Nigeria)    

Puffin FPSO vessel (Australia)    

Maari FPSO vessel (New Zealand)    

Piranema SSP FPSO vessel (Brazil)    

Hummingbird SSP FPSO vessel (U.K.)    

OPTI - EX production semi (Gulf of Mexico)    

Independence production semi (Gulf of Mexico)    

SSP 3 FPSO vessel (speculative)    

SSP 4 FPSO vessel (North Sea)    

Aker Smart 1 and 2 FPSO vessels (speculative)    

  

6. Systems Recently Completed       

Dalia FPSO vessel (Angola)    

P 34 FPSO vessel (Brazil)     

Atlantis production semi ( Gulf of Mexico)      

Oudna FPSO vessel (Tunisia)      

Brotojoyo FPSO vessel (Indonesia) 

Rong Doi FSO (Vietnam)

Cendor MOPU and FSO vessel (Malaysia)

Maleo MOPU (Indonesia)

  

7. Existing Systems       

Okono FPSO vessel (Nigeria)    

Enfield FPSO vessel (Australia)     

Gomez production semi (Gulf of Mexico)      

Thunder Horse production semi (Gulf of Mexico)      

Terra Nova FPSO vessel (Newfoundland)      

Okha FSO vessel (Russia)      

Galley production semi (U.K.)      

PY-3 production semi (India)      

Bombay High FPSO vessel (India) 

Baram FPSO vessel (Malaysia)

Dai Hung production semi (Vietnam)

 

III.     UNDERLYING MARKET DRIVERS

 

1.          Global Oil Demand Continues to Grow     

2.          Oil and Natural Gas Futures Prices Remain Strong     

3.          E&P Spending Outlook Remains Generally Positive    

4.          Drill Rig Demand and Utilization is Very Strong   

5.          Production Floater Orders Have Spiked         

6.          But Don't Forget The S Curve --- and Future Redeployments         

 

IV.     COMPANIES AND TECHNOLOGY

 

1.          Market Share of Leased FPSO Owners     

2.          Economics of FPSO Field Abandonment     

3.          Recent M&A Activity in the FPSO Market    

4.          Growing Role of China in Floating Production Systems   

5.          Nigerian Local Content Requirements     

6.          Modec Teams With Natco for the FPSO Market