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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


 

Floating Production Systems
March 2008 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/Offloading Systems Installed Since 1996    

Floaters Now on Order     

Floating Production Projects Planned or Under Study     

  II.    RECENT DEVELOPMENTS

 

1. Projects in the Planning Stage       

Aje (Nigeria)    

EOV (Gabon)     

Kunene (Namibia)    

Wanaea/Cossack(Australia)    

BM-S-21 (Brazil)    

Jupiter (Brazil)     

Carioca (Brazil)     

Tupi (Brazil)    

K2 (Gulf of Mexico)     

Bigfoot (Gulf of Mexico)     

Julia (Gulf of Mexico)     

Puma (Gulf of Mexico)     

Healey (Gulf of Mexico)     

Perdido South (Gulf of Mexico)     

Tucker (Gulf of Mexico)     

Broadwater (U.S.)     

BlueOcean Energy (U.S.)     

Ras el Besh (Tunisia)     

Southern Adriatic (Italy)     

Huntingdon (U.K.)     

Schiehallion (U.K.)     

Marulk (Norway)     

Bentley (U.K.)     

Pony (Gulf of Mexico)     

Knotty Head (Gulf of Mexico)     

Vicksburg (Gulf of Mexico)  

Golden Eagle (U.K.)    

Cluster 7 (India)

Ande Ande Lumut (Indonesia)

Madura BD (Indonesia)

Block H (Malaysia)

Block A-18 (Malaysia)

Kebabangan (Malaysia)

HST/HSD (Vietnam)

Shtokman (Russia)
 

2. Projects in the Final Design or Bidding Stage       

Block 31/18 (Angola)    

Oyo FPSO (Nigeria)     

Jubilee(Ghana)    

Pirapitanga (Brazil)    

LNG Regas floaters (Brazil)    

Telemark 2 (Gulf of Mexico)     

Cuu Long Basin (Vietnam)     

Al Rayyan (Qatar)    

Soroosh/Norooz (Iran)    

South Pars (Iran)    


3. New Orders and Relocations       

Pazflor FPSO (Angola)    

Usan FPSO (Nigeria)     

P 57 FPSO (Brazil)    

P 55 production semi (Brazil)    

Urugua/Tambau (Brazil)    

Pipa II FPSO (Brazil)     

LNG FSRU (Middle East)     

B-17 FSO (Malaysia/Thailand)     

Al Shaheen FSOs (Qatar)     

Flex LNG 1 (speculative)  

West Don production semi (U.K.)  

Marlim Leste FPSO (Brazil) 

  

4. Systems On Order       

Crux FPSO (Australia)    

Puffin SW FPSO (Australia)     

Cantarell FPSO (Mexico)    

Shenzi TLP (Gulf of Mexico)    

Pilot FPSO (U.K.)    

MA-D6 FPSO (India)    

Nexus Spec 1 and 2    

Nortechs 2 (speculative)    

 

5. Systems Recently Completed       

Agbami FPSO (Nigeria)    

Okoro/Setu FPSO (Nigeria)     

Mondo FPSO (Angola)      

Vincent FPSO vessel (Australia)      

Stybarrow FPSO (Australia) 

Golfinho II FPSO vessel (Brazil)

Siri FPSO vessel (Brazil)

Neptune TLP (Gulf of Mexico)

Blind Faith production semi (Gulf of Mexico)

Chestnut FPSO (U.K.)

Bualuang FPSO (Thailand)


6. Existing Systems       

Woollybutt FPSO (Australia)    

White Rose FPSO (Canada)     

Neptune production spar (Gulf of Mexico)      

Janice production semi (U.K)      

Gryphon FPSO (U.K.)      

Foinaven FPSO (U.K.)      

Troll C production semi (Norway)      

Okha FSO (Russia)      

Farwah FPSO (Libya)

Langsa FPSO (Indonesia)

Cakerawala FSO (Thailand/Malaysia) 

BW Peace FPSO (TBD)

  

7. Decommissioning       

Firenze    

  

 

III.     UNDERLYING MARKET DRIVERS

 

1.          Oil Demand to Grow 2.1 Percent in 2008     

2.          Oil Supply Remains Tight     

3.          Oil Prices Breached $100 in the 1st Quarter    

4.          Deepwater E&P Activity Continues to be Very Strong   

5.          Production Floater Order Intake Again Above Average          

IV.    FORECAST OF FLOATER REQUIREMENTS

 

1. Summary of the Available Five Year Market       

 

2. FPSO Vessels       

Why FPSOs?    

Recent FPSO ordering pace     

FPSO projects being planned    

Outlook for orders    

Projected capex for FPSO Orders     

      

3. Production Semis       

Why production semis?    

Recent production semi ordering pace     

Outlook for orders    

Projected capex for production semi orders       

  

4. Tension Leg Platforms       

Why TLPs?    

Recent TLP ordering pace     

Outlook for orders    

Projected capex for TLP orders    

 

5. Production Spars       

Why spars?    

Recent spar ordering pace     

Outlook for orders    

Projected capex for spar orders    

  

6. Floating Storage Systems       

Why FSOs?    

Recent FSO ordering pace   

Outlook for orders    

Projected capex for FSO orders    

 

V.     COMPANIES AND TECHNOLOGY

 

1.          Processing Capacity on Production Floaters     

2.          Water Depth Where Production Floaters Operate     

3.          Operators Continue to Acquire Candidate FPSO/FSO Hulls    

4.          Rights to GoMax Shuttle Tanker Design Sold   

5.          BWO Raises its Stake in Prosafe     

6.          Exmar and Hoegh Adding Regasification Carriers

7.          Gas-to-Liquids Development to Exploit Stranded Gas