August 2017 Monthly Floating Production Systems Report

August 23, 2017

As described in the August report, oil prices have returned to the low-$50s as global crude inventory continues to be worked down. Increasing oil demand and curtailed supply has been trimming the excess crude stock that built up in late 2016/early 2007 -- giving support to near term crude pricing. Meanwhile two major FPSO contractors have expressed their confidence in the future FPSO market – one by ordering a speculative FPSO hull, the other by assuming the role of field operator and committing an available FPSO to the field. In the report we examine these two competitive positioning strategies -- both reflecting growing confidence in the ongoing market revival and evidence of management willingness to take risk to close an FPSO contract. Also in the report is a summary of the recent BOEM lease auction, the results of which indicate a revival of interest in deepwater development in the GOM. In the data section are details for 203 floater projects in the planning stage, 49 production or storage floaters now on order, 293 floating production units currently in service and 29 production floaters available for redeployment contracts. Charts in the report update the location where floating production and storage systems are being planned, operating, being built and to be installed. Accompanying excel spreadsheets provide the report data in sortable format. Information is current as of 21 August.

Please Log In for Access

World Energy Reports

You must subscribe to DATABASE or EXECUTIVE INTELLIGENCE package to access this content.

Subscribe Now!


Already a subscriber? Login


Request Free Trial