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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
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
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)
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
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
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