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Floating Production Systems
July 2010 Report

I.     CURRENT AND PLANNED FLOATING PRODUCTION SYSTEMS

 

1. Overview of the Floater Business Sector        

Recent Orders and Deliveries    

What's Now Being Built         

Trend in Order Backlog                    

Current Fabrication and Conversion Activity         

Floater Projects 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       

Chissonga (Angola)    

Block 17/06` (Angola)     

Agge (Nigeria)    

Browse LNG (Australia)    

Balnaves (Australia)    

Scarborough/Thebe (Australia)     

Orphan Basin (Canada)     

Mizzen (Newfoundland)    

Greater Chuditch (Timor-Leste)     

Franco (Brazil)     

Iguazu (Brazil)     

Libra (Brazil)     

Natal (Brazil)     

Pipeline/Etna (Brazil)     

Tambuata (Brazil)     

Brava (Brazil)  

Pre-Salt FSO (Brazil)    

Bienville (Gulf of Mexico)

Montevideo Regas Terminal (Uraguay)

Sea Lion (Falkland Islands)

Hadera Regas Terminal (Israel)

Ombrina Mare (Italy)

Alder (U.K.)

Catcher (U.K.)

Freya/Fulla (U.K.)

Draupne (Norway)

Greater Stella (U.K.)

Luva (Norway)

Enping Sag (China)

B6/27 (Thailand)

PV Gas FSRU (Vietnam)    

Petai (Malaysia)    

 

2. Projects in the Final Design or Bidding Stage       

Jamaica Regas Terminal (Jamaica)    

Block A (Cambodia)     

Erawan (Thailand)    

Hai Thach (Vietnam)    

 

3. New Orders       

Sidon/Tiro FPSO (Brazil)    

Tupi Nordeste FPSO (Brazil)     

Serial Pre-salt FPSOs (Brazil)    

TSB FPSO (Indonesia)    

    

4. Redeployments       

Aruana FPSO (Brazil)    

Huntington FPSO (U.K.)     

Macondo Emergency FPSOs (Gulf of Mexico)    

Pagerungan Utara FPSO (Indonesia)     

  

5. Systems On Order       

Ebok/Okwok MOPU/FSO (Nigeria)    

P 58 and P 62 FPSOs (Brazil)     

OSX 1 FPSO (Brazil)     

FlexLNG Producer 1 (Speculative)     

  

6. Systems Recently Completed       

Jubilee FPSO (Ghana)    

Ajapa production barge (Nigeria)     

Jebel Ali FSRU (Dubai)     

Tindalo FSO (Philippines)     

Bua Ban FSO (Thailand)     

Bach Ho FSO-5 (Vietnam)     

Panna Mukta FSO (India)     

FSO Africa (Qatar)     

Neptune LNG Regas (USEC)     

  

7. Existing Systems       

Xikomba FPSO (Angola)    

Kuito FPSO (Angola)    

N'Kossa II LPG FSO (Congo)    

Unity FSO (Nigeria)    

P 50 FPSO (Brazil)    

Cascade/Chinook FPSO (Gulf of Mexico)    

Opti-Ex production semi (GOM)    

Foinaven FPSO (U.K.)           

Guillemot/Teal FPSO (U.K.)    

FPF 1 production semi(U.K.)    

Asgard A FPSO (Norway)    

      

8. Decommissioning       

Challis Venture FPSO (Australia)    

   

 

III.     UNDERLYING MARKET DRIVERS

 

1.          Outlook for Global Demand Remains Bullish     

2.          World Oil Production Capacity Expected to Tighten     

3.          GOM Spill Impact Could Further Constrict Future Cpacity    

4.          Oil Prices have Remained Relatively Strong   

5.          Natural Gas Prices Continue to be Soft         

6.          Oil and Gas E&P Spending is Rebounding         

7.          Production Floater Order Pace at Highest Level to Date         


V.     TECHNOLOGY AND COMPANIES

1.          Leased FPSOs Growing as Percent of Installations     

2.          Legislative and Regulatory Initiatives Threaten GOM E&D     

3.          BWO Offers to Buy Remaining Shares of Prosafe Production    

4.          Noble Corporation to Acquire Seillean FPSO   

5.          Petrobras Five Year Plan Calls for $118.8 Billion E&P capex