March 2018 Monthly Floating Production Systems Report
In the March 2018 WER report we revisit the five year forecast of production floater orders made last October. As detailed in the March report, some of the assumptions underlying the forecast have been impacted – mostly positively -- by developments over the past six months. They include a strengthening global economy, oil market rebalancing, uptick in crude pricing, signs of a revival in deepwater E&P and strong reemergence of Petrobras as a buyer of production floaters. In the report we assess whether our forecast has been impacted by these changes. Also in the data section of the report are details for 226 floater projects in the planning stage, 51 production or storage floaters now on order, 300 floating production units currently in service and 30 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 19 March.