September 2017 Monthly Floating Production Systems Report
As described in the September WER report, evidence is accumulating that supply and demand in the oil market is rebalancing. Oil prices are firming as excess global crude inventory continues to be worked down by strong demand growth and curtailed supply. Brent crude is now trading in the mid-$50s and the futures market is predicting prices in the upper-$50s five years out. Also in the report are details for an FSRU terminal project in India that over the past month moved to the contracting stage and several FPSO projects in the planning stage have gotten closer to the investment commitment. In the data section of the report are details for 213 floater projects in the planning stage, 50 production or storage floaters now on order, 294 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 19 September.