January 2020 Monthly Floating Production Systems Report
The production floater market has continued to rebound from the depths of the 2014/16 business collapse. Fourteen production floaters were ordered in 2019 – an ordering pace that exceeded the average number of contracts placed annually over the past decade. And 2020 got off to a good start with an FPSO order on 10 January – the first of around a dozen FPSO orders expected this year. In the January report we recap the production floater orders in 2019, describe the new FPSO order in January, profile the ups and downs in production floater orders over the past decade and summarize the current FPSO/FPU order backlog. In the data section of the report are details for 219 floater projects in the planning stage, 49 production or storage floaters now on order, 304 floating production units currently in service and 35 production floaters available for redeployment contracts. Charts in the report update the location where floating production and storage systems are being planned, operating and under construction. Accompanying excel spreadsheets provide the report data in sortable format. Information is current as of 21 January.