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Floating Production Systems November
1998 Report
I.
CURRENT AND PLANNED FLOATING PRODUCTION SYSYTEMS
1.
Floating Productions Systems Now in Operation
3
2.
Systems Installed Since September 1996 7
3.
Floating Systems Now on Order 9
4.
Shipyards Currently Building or Converting Floaters
11
5.
Floating Productions Systems Planned or Being
Studied 12
II.
UNDERLYING MARKET DRIVERS
1.
Oil and Gas Prices 19
2.
Deepwater E&D Activity 21
3.
The OPEC Invitations 27
III.
RECENT DEVELOPMENTS
1.
Projects in the Planning or Design Stage 29
Makassar Strait (Indonesia) 29
King (Gulf of Mexico) 29
Llano (Gulf of Mexico) 29
Nakika (Gulf of Mexico) 29
Neptune (Gulf of Mexico) 30
Hungo (Angola) 30
Snøhvit (North Sea) 30
Fram (North Sea) 30
Espadarte (Brazil) 30
Boomvang (Gulf of Mexico) 31
Buffalo (Australia) 31
Leo (Gulf of Mexico) 31
E-BD (South Africa) 31
Belize (Angola) 31
Gorgon (Australia) 32
2.
Floating Systems on Order 32
Kuito
FPSO Vessel (Angola) 32
Marlin TLP (Gulf Of Mexico) 32
Girassol FPSO Vessel (Angola) 32
EA FPSO Vessel (Nigeria) 33
Åsgard B Production Semisubmersible (North Sea)
33
Visund Production Semisubmersible (North Sea) 34
Speculative FPSO Vessel 34
Laminaria FPSO Vessel (Australia) 34
Terra Nova FPSO Vessel (Newfoundland) 34
Balder FPSO Vessel (North Sea) 35
3.
Systems Recently Installed 35
Morpeth
mini-TLP (Gulf of Mexico) 35
Schiehallion FPSO Vessel (North Sea) 35
Varg FPSO Vessel (North Sea) 36
Banff FPSO Vessel (North Sea) 36
Kiame FPSO Vessel (Angola) 37
4.
Older Systems 37
Auger TLP (Gulf of Mexico) 37
Zafiro FPSO Vessel (Equatorial Guinea) 37
San Jacinto FPSO Vessel (Indonesia) 37
Cossack Pioneer FPSO Vessel (Australia) 37
IV.
TECHNOLOGY AND COMPANIES
1.
FPSO Vessel for the Gulf of Mexico 39
2.
FDPSO Vessel 40
3.
MinDOC Deepwater Platform 40
4.
Petrobras 40
5.
Major Deepwater Players in the Gulf of Mexico
42
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