Floating Production Systems Report And Online Database
- Annual five year outlook and forecast – At the start of each year we prepare a detailed assessment of future deepwater development and forecast the pace of orders for floating production systems over the next five years. Our 2021 annual report looks at market conditions likely to prevail through 2025 and provides our assessment of which of the 200+ floater projects in the planning queue will reach the final investment decision by end-2025
- Monthly reports - Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 100 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In our May report we revisit the annual forecast and make revisions as needed.
- Online database - The online database is updated every day – with information direct from primary sources. In the database are details for 200+planned projects, 390+ installations in service, 40+ floaters on order and 40+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database. Data are easily exported to excel spreadsheet.
- Customer support - We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.
Here's what you get!
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Long-term Contract: Axess to Inspect Altera's FPSOs
Norway-based Axess Group has signed an offshore support services contract with FPSO operator Altera Infrastructure. Axess said this week that the long-term global contract would see Axess provide offshore support services to FPSO assets located…
Brazil: Petrobras Invites Bids for Ninth Buzios Field FPSO
Brazilian oil company Petrobras on Friday started the bidding process for the acquisition of a new FPSO for the Búzios field, in the Santos Basin pre-salt area, offshore Brazil. Called P-80, the FPSO will be the ninth unit to operate in the field…
Petrobras Will Bid for Atapu and Sepia Oil Fields
Brazil's Petroleo Brasileiro SA will exercise its rights of first refusal and bid for the deepwater oil fields Sepia and Atapu, the company said in a filing. Petrobras, as the state-controlled producer is known, is aiming at a 30% stake in each field…
Petrobras Q1 Production Buoyed by Atapu
Brazil's Petrobras produced 2.196 million barrels of oil a day in the first quarter, the state-run company said on Tuesday, an increase from the fourth quarter, but a decline in yearly terms. Petroleo Brasileiro SA, as the company is formally known…
Eni Starts Gas Production at Merakes Project off Indonesia
Italian supermajor Eni said it has commenced gas production from the deepwater Merakes project, located in the East Sepinggan block in the Makassar Strait, offshore East Kalimantan, Indonesia. The development sits in approximately 1,500 meters water depth in the Kutei Basin.
Santos Green Lights TechnipFMC for Barossa Subsea Scope
TechnipFMC said it received a notice to proceed for a subsea production system contract from Australian gas producer Santos for the Barossa field development project, located 300 kilometers north of Darwin. The contract scope covers the supply of subsea trees and associated control systems…
ExxonMobil Makes Oil Discovery at Uaru-2 Offshore Guyana
U.S. oil major ExxonMobil said on Tuesday it made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently…
Fugro Assisting Jumbo with Mero 1 Offshore Work in Brazil
Dutch offshore services provider Fugro has won a deal with offshore transportation and installation firm Jumbo Maritime to provide providing positioning and construction support services on the Mero 1 deepwater field development, offshore Brazil.
Equinor: Several Factors Behind Faulty Welds on Johan Castberg FPSO Hull
Norwegian oil and gas giant Equinor last year said that the delivery of an FPSO, being built for the Johan Castberg field development in the Barents Sea, would be delayed after the company discovered issues with the weld quality of the hull of the FPSO under construction in Singapore.
VIDEO: After Modest 2020, the Years 2021 and 2022 Could Be 'Pretty Good' for FPS Orders
There's one thing that's certain about the price of oil, it goes up and it goes down, but nobody knows when that will happen, Jim McCaul, an expert in the offshore floating production sector for 30 years, recently said in an interview for Offshore Engineer TV…
Keppel in Talks with Petrobras to Build FPSO for Buzios Field
Singapore's Keppel Corporation has confirmed it has been in talks with the Brazilian oil company Petrobras to built an FPSO vessel for the Buzios field offshore Brazil. In a statement on Friday, responding to an article by Upstream Daily News, Keppel Corp.
BP Suspends Output from Foinaven Fields as Long-Serving FPSO Petrojarl Foinaven Nears End of Life
British oil major BP has suspended production from the Foinaven fields west of Shetland in the UK, as the long-serving FPSO Petrojarl Foinaven through which the fields are producing oil is nearing the end of its 25-year design life, and will be removed from site.
Australia: Santos Looking to Sell Down Stake in Dorado Offshore Oil Project
Australian gas producer Santos has hired Goldman Sachs to sell a 20%-30% stake in its Dorado oil project and Bedout exploration portfolio offshore western Australia, according to a sales document seen by Reuters and confirmed by the group. Dorado…
Flare Structure Installed on Energean Power FPSO
Construction of the Energean Power FPSO, destined for Energean's Karish field off Israel, has recently reached what has been described as a "major milestone" with the installation of the flare on the FPSO in a Singapore shipyard. Technip Energies…
Petrobras Suspends MODEC from Bidding for FPSO Projects
Brazilian national oil and gas company Petrobras has suspended Japanese FPSO specialist MODEC from bidding for new floating production storage and offloading vessel projects. The Japanese firm has also named a new CEO. MODEC, which sees Brazil as its main market…
Floating Production Systems Market Bounces Back on Recovering Oil Prices
Orders for production floaters have bounced back over the past month driven by rising crude prices, according to Jim McCaul, head of offshore business intelligence firm World Energy Reports. McCaul bases his assessment on data in a new floating…
CNOOC to Start Production from Lingshui 17-2 Offshore Field in H1 2021
China’s offshore oil and gas major CNOOC Ltd is expected to start production at Lingshui 17-2, a large deepwater natural gas deposit in South China Sea, in the first half of 2021, the company executive said on Thursday. Lingshui 17-2 is CNOOC’s first fully-owned deepwater gas project…
Santos, BW Offshore Sign $4,6B Barossa FPSO Deal
Australian oil and gas company Santos has signed a contract with FPSO supplier BW Offshore for the delivery of an FPSO for the Barossa gas field, located 300 kilometers offshore Darwin in Australia. The contract is subject to Final Investment Decision (FID) by Santos and its partners…
Anita Garibaldi FPSO to Feature TMC Compressors
Norway-based TMC Compressors has been awarded a contract to deliver a large marine compressed air system for the Brazil-bound FPSO Anita Garibaldi. The FPSO - to be delivered by Japan's MODEC in 2022- will be deployed at Petrobras' Marlim field in the Campos Basin.
MODEC Orders Palfinger Cranes for Sangomar FPSO
Japanese FPSO company MODEC has ordered Palfinger cranes for an FPSO it is building for deployment at Woodside's Sangomar development offshore Senegal. Palfinger said Tuesday it would deliver two wire luffing lattice boom cranes for the FPSO.
