WER's 2019/23 forecast of floating production system orders is now available. The report provides our assessment of the underlying market situation likely to prevail in deepwater development over the next five years. We examine oil/gas demand growth, deepwater's role in the future energy supply mix, risk of future oil/gas supply disruption, expected oil and gas prices, competitiveness of deepwater with shale, capex budgets of field operators, access to capital for deepwater projects, deepwater supply chain constraints and the future pace of Brazilian offshore recovery. This is followed by our forecast of orders for five types of production systems under three market scenarios. Our capex forecast for 2019/23 is 9% higher than last year, the result of a larger number of FPSOs and FPUs forecast to be ordered. Driving the higher numbers is the generally better industry outlook and the expected strong revival of FPSO orders in Brazil.

FORECASTS AND MARKET INTELLIGENCE FOR THE GLOBAL FLOATING PRODUCTION SECTOR

FPSOs, SEMIs, SPARs, TLPs, FLNGs, FSRUs, FSOs

This comprehensive business intelligence service and online database provides insider access to business and investment opportunities in the deepwater global floating production sector. There is nothing else like it anywhere

International Maritime Associates

The Only Floating Production Systems Market Intelligence that Offers:

  • Annual Five Year Market Forecast
  • Real Time, Interactive Online Database
  • Monthly Reports And Forecast Recalibration
  • Customer Support And Research Assistance

About International Maritime Associates and World Energy Reports:

International Maritime Associates and World Energy Reports have joined forces to provide the most sophisticated and in-depth Floating Production Systems reports, market outlook, analysis, daily intelligence and interactive database.

Co-founder of World Energy Reports and spearheading the business intelligence gathering is managing director and founder of International Maritime Associates (IMA), Jim McCaul. Jim has more than 30 years experience in the global maritime and offshore oil/gas industries, producing 50 multi-client industry reports on the floating production sector over the past 18 years.

IMA’s “floater reports” have been a major source of market intelligence in the offshore industry and the IMA annual forecast of equipment orders has been widely referenced in investment presentations, industry publications and other consulting firm reports. Jim has provided extensive market analysis and strategic planning to many of the world’s major field operators and offshore contractors.

The IMA/WER floating production business intelligence service provides a continuously updated wealth of data, insight, and analysis designed to keep you a step ahead of the competition in the deepwater business sector

FSPO Report 2018

2019 EDITION NOW AVAILABLE, ORDER TODAY!

FIVE YEAR MARKET FORECAST – 2019 EDITION

Analysis of Future Business Drivers and Forecast of Floating Production System Orders between 2019/2023

90 pages of analysis, data, charts and forecasts, all geared to provide the biggest, best and most comprehensive resource so that you can long-range plan to capture your share of the $100+ billion floating production system market over the next five years.

INCLUDES 90 CHARTS, GRAPHS AND EXHIBITS

sample page from FSPO Report 2018

This report presents our five year forecast of floating production system orders. First we present an overview of the industry and our assessment of the underlying market situation likely to prevail over the 2019/23 forecast period. Then we provide our forecast of orders for eight types of production systems under three market scenarios. The final four sections of the report contain details for floating production systems in the planning stage, on order, in operation and available for redeployment.

Preview the report! See the 2019 forecast outline and list of exhibits on pages 4 and 5.

COMPREHENSIVE MONTHLY ANALYSIS

Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 90 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In October of each year we provide a detailed five year forecast of production floater orders. In March of each year we fine tune the forecast and make revisions as needed.

ADVANCED INTERACTIVE DATABASE

Custom, Interactive, & Exportable, Real Time Market Data, Charts & Analytics

The Floating Production Systems database is a major advancement in business intelligence in the floating production sector. Updated daily – 24/7/365 – courtesy of World Energy Reports’ global network of correspondents and analysts – the database is a powerful tool that enables you to research, discover and produce the information you need, when you need it, in the form you want to see it.

CREATE AND EXPORT CUSTOM CHARTS AND SPREADSHEETS

The online database is updated every day – with information direct from primary sources. In the database are details for 230+ planned projects, 395+ installations in service, 45+ floaters on order and 30+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.

TECHNICAL AND RESEARCH ASSISTANCE FOR USERS

Our market Intelligence comes with a complete customer support package. Jim McCaul and International Maritime Associates are available to assist with technical questions about information in the database and reports. Our technical support staff is able to assist with any questions about using the online database, search tools or features.

WHY SHOULD I PURCHASE A MARKET INTELLIGENCE PACKAGE?

sample from FSPO Report 2018
  • The forecasts and market intelligence packages are utilized by top business planners and investment analysts in the market. Every day, representatives from banks and financial institutions, oil & gas companies, government agencies, equipment manufacturers, ship and offshore rig builders, construction agencies, and owners/operators access the market intelligence and forecasts they need for sound investment decisions.
  • The WER/IMA monthly reports provide more than 90 pages of data and industry analysis, presenting a detailed snapshot of the business sector as of the middle of each month. Excel spreadsheets with each report enable you to tailor the data presentation to your needs. In October of each year we provide a detailed five year forecast of production floater orders. In March of each year we fine tune the forecast and make revisions as needed.
  • The online database is updated every day – with information direct from primary sources. In the database are details for 230+ planned projects, 395+ installations in service, 45+ floaters on order and 30+ floaters available. The database is fully searchable. Personalized charts and spreadsheets can be directly produced from the database.
  • We offer full support to subscribers. We will assist with questions about information in the database and reports – and our IT manager will assist with any questions about using the database search tools.

Floating Production Systems – 2019 Five year forecast

Outline of the Report

I.           Executive Summary. 1

1.      The Business Sector 1

2.      Underlying Business Drivers. 1

3.      Market Scenarios. 2

4.      2018/22 Forecast of Orders. 3

II.         OVERVIEW OF THE INDUSTRY.. 5

1.      Types of Floating Production Systems. 5

a.        Oil/gas Production Units – FPSO and FPU.. 5

b.       LNG Processing Units – FLNG and FSRU.. 5

c.        Floating Storage Units – FSO.. 6

2.      Industry Growth. 6

III.       UNDERLYING BUSINESS DRIVERS. 11

1.      Projected Growth in Global Oil/Gas Demand. 11

2.      Projected Growth in Oil/Gas Supply. 17

3.      Future Supply Disruption Risk. 23

4.      Expected Oil and Gas Prices. 26

5.      Competitiveness of Deepwater 32

6.      Capex Budgets of Oil Companies. 37

7.      Supply Chain Constraints. 38

8.      Access to Capital 40

9.      Pace of Brazil Revival 42

10.    Black Swan Events. 44

11.    Summing Up the Underlying Drivers. 45

IV.       FORECAST OF PRODUCTION FLOATER ORDERS. 47

1.      Forecast Scenarios. 47

a.        Most Likely Scenario. 47

b.       Low Scenario. 48

c.        High Scenario. 48

d.       Unanticipated Disruptive Events. 49

2.      Future FPSO Requirements. 51

a.        Overview of FPSOs. 51

b.       Location of FPSOs. 52

c.        Owners of FPSOs in Service and On Order 54

d.       Growth in FPSO Inventory. 54

e.        Ten Year Trend in FPSO Orders. 55

f.        Profile of FPSOs Now Being Built 56

g.       Planned FPSO Projects. 58

h.       Future FPSO Requirements. 60

i.         Timing of FPSO Orders. 61

j.         Regional Source of Future FPSO Orders. 62

k.       Future Role of Redeployed FPSOs. 63

l.         Projected FPSO Capex. 64

m.      Composition of Projected FPSO Capex. 64

3.      Future FPU Requirements. 65

a.        Overview of FPUs. 65

b.       Location of FPUs. 67

c.        Owners of FPUs. 68

d.       Growth in FPU Inventory. 68

e.        Ten Year Trend in FPU Orders. 69

f.        FPUs Now Being Built 70

g.       Planned FPU Projects. 72

h.       Future FPU Orders. 73

i.         Composition of Future FPU Orders. 74

j.         Projected FPU Capex. 74

4.      Future FLNG Requirements. 75

a.        Overview of FLNGs. 75

b.       Owners of FLNGs. 75

c.        Trend in FLNG Orders. 77

d.       FLNGs Now On Order 77

e.        Planned FLNG Projects. 79

f.        Future FLNG Orders. 80

g.       Projected FLNG Capex. 81

5.      Future FSRU Requirements. 83

a.        Overview of FSRUs. 83

b.       Where FSRUs are in Operation. 83

c.        Owners of FSRUs Now in Service and On Order 84

d.       Ten Year Trend in FSRU Orders. 86

e.        Planned FSRU Projects. 87

f.        Future FSRU Requirements. 89

g.       Projected FSRU Capex. 90

6.      Future FSO Requirements. 91

a.        Overview of FSOs. 91

b.       Ownership of FSOs. 91

c.        Orders for FSOs. 91

d.       Planned FSO Projects. 91

e.        Future FSO Requirements. 94

f.        Projected FSO Capex. 94

List of Exhibits

Exhibit 1. Summary of the 2018/22 Forecast of Production Floater Orders. 3

Exhibit 2. Floating Production and Storage Units Installed, On Order and Available. 6

Exhibit 3.  Major Milestones in Development of Floating Production. 7

Exhibit 4. Four Decades of Growth in Floating Production Systems. 8

Exhibit 5. Location and Water Depth of Planned Floating Production Projects. 9

Exhibit 6. Growth in World Economic Output and Population. 11

Exhibit 7. Projected Growth in Global Energy Demand. 12

Exhibit 8. Annual Growth in Global Oil Demand over Past Two Decades. 13

Exhibit 9. Projected Growth in Global Oil Demand. 13

Exhibit 10. Annual Growth in Global Natural Gas Demand over Past Two Decades. 14

Exhibit 11. Projected Growth in Global Natural Gas Demand. 15

Exhibit 12. Projected Share of LNG in Global Long Distance Gas Delivery. 15

Exhibit 13. Projected Growth of Global LNG Demand. 16

Exhibit 14. Ten Year Trend in Global Oil Supply. 17

Exhibit 15. Annual Increase in US Crude Oil Production. 18

Exhibit 16. Projected Worldwide Tight Oil Production. 18

Exhibit 17. Projected Growth in World Oil Supply. 19

Exhibit 18. Ten Year Trend in Worldwide Natural Gas Supply. 20

Exhibit 19. Projected Growth of World Gas Production. 20

Exhibit 20. Projected Growth of LNG Supply. 21

Exhibit 21. Projected Growth of Interregional Gas Trade. 21

Exhibit 22. Growth in LNG Plant Output Capacity. 22

Exhibit 23. Estimated Unplanned OPEC Crude Oil Production Outages. 23

Exhibit 24. Unplanned Liquid Fuels Production Disruptions among Non-OPEC Producers. 24

Exhibit 25. Global Chokepoints Where Oil Supply Disruption is a Possibility. 24

Exhibit 26. Natural Gas Supply to Europe. 25

Exhibit 27. OPEC Surplus Crude Oil Production Capacity. 25

Exhibit 28. Spot Price of Brent and WTI Crude over the Past 15 Years. 27

Exhibit 29. Survey of Oil Price Forecasts in August 2017 By the Wall Street Journal 27

Exhibit 30. Futures Price of Brent Crude for Delivery Through 2024. 28

Exhibit 31. EIA Assumed Long Term Price of Brent Crude. 29

Exhibit 32. Spot Price of Henry Hub Natural Gas Since 1997. 30

Exhibit 33. Futures Price of Henry Hub Natural Gas for Delivery Through 2024. 30

Exhibit 34. Price of US LNG Exports. 31

Exhibit 35. Projected Price of LNG Delivered to Japan (prices in constant $) 32

Exhibit 36. Future Sources of Oil Supply (in millions of barrels per day) 32

Exhibit 37. Estimated Shale Oil Breakeven Price by Major Basin. 34

Exhibit 38. Cost and Productivity Performance in Eagle Ford Play. 35

Exhibit 39.  Rig Productivity Performance in the Permian Region. 36

Exhibit 40. Eagle Ford Shale Drilling Changes Being  Implemented by Pioneer Resources. 36

Exhibit 41. Production Floater Backlog Peaks and Troughs. 39

Exhibit 42. Long Term Trend in Ten Year US Treasury Bonds. 42

Exhibit 43. Brazil Bidding Round Schedule. 43

Exhibit 44. Production Floater Forecast Assumptions. 50

Exhibit 45. Pros and Cons of FPSOs. 51

Exhibit 46. Where FPSOs are Currently Installed in North and South America. 52

Exhibit 47. Where FPSOs are Currently Installed in Europe, Africa and Asia/Pacific. 53

Exhibit 48. Ownership of FPSOs as of October 2017. 54

Exhibit 49. Trend in Number of FPSOs in Service or Available. 55

Exhibit 50. Number of FPSOs Ordered over the Past Ten Years. 55

Exhibit 51. Where FPSOs on Order are to be Installed. 56

Exhibit 52. Where FPSOs are now Being Built 57

Exhibit 53. Timing of FPSO Projects in the Planning Stage. 58

Exhibit 54.  Projects in the Planning Stage Potentially Requiring an FPSO.. 59

Exhibit 55. Calculation of Projected FPSO Orders between 2018/22. 61

Exhibit 56. Comparison of FPSO Forecast with Past Orders. 61

Exhibit 57. Expected Timing of FPSO Orders over the Next Five Years. 62

Exhibit 58. Projected FPSO Orders by Region 2018/22. 63

Exhibit 59. FPSOs Now Available for Redeployment 63

Exhibit 60. Projected FPSO Capex by Region over the Next Five Years. 64

Exhibit 61. Composition of Projected FPSO Capex 2018/22. 64

Exhibit 62. Pros and Cons of Production Semis. 65

Exhibit 63. Pros and Cons of Tension Leg Platforms. 66

Exhibit 64. Pros and Cons of Production Spars. 66

Exhibit 65.  Where FPUs are now Installed. 67

Exhibit 66. Owners of Floating Production Units. 68

Exhibit 67. Trend in Number of FPUs in Service or Available. 69

Exhibit 68. Number of FPUs Ordered over the Past Ten Years. 70

Exhibit 69. Where FPUs are now Being Built 71

Exhibit 70. Where FPUs on Order are to be Installed. 71

Exhibit 71. Timing of FPU Projects in the Planning Stage. 72

Exhibit 72. Projects in the Planning Stage Potentially Requiring an FPU.. 73

Exhibit 73. Forecast of FPU Orders over the Next Five Years. 74

Exhibit 74. Composition of FPU Orders in the Three Scenarios. 74

Exhibit 75. Owners of FLNGs as of October 2017. 77

Exhibit 76. Number of FLNGs Ordered over the Past Ten Years. 77

Exhibit 77. Where FLNGs on Order are to be Installed. 78

Exhibit 78. Timing of FLNG Projects in the Planning Stage. 79

Exhibit 79. Projects in the Planning Stage Potentially Requiring an FLNG.. 80

Exhibit 80. Forecast of FLNG Orders over the Next Five Years. 81

Exhibit 81. Where FSRUs are Now Installed. 84

Exhibit 82. Owners of FSRUs as of October 2017. 84

Exhibit 83. Trend in Number of FSRUs in Service. 86

Exhibit 84. Number of FSRUs Ordered over the Past Ten Years. 86

Exhibit 85. Where FSRUs are now Being Built 87

Exhibit 86. Where FSRUs Currently on Order are to be Installed. 87

Exhibit 87. Timing of FSRU Projects in the Planning Stage. 88

Exhibit 88. Projects in the Planning Stage Potentially Requiring an FSRU.. 88

Exhibit 89. Forecast of FSRU Orders over the Next Five Years. 89

Exhibit 90. Where FSOs are Now Installed in North and South America. 92

Exhibit 91. Where FSOs are Now Installed in Europe, Africa and Asia/Pacific. 92

Exhibit 92. Where FSOs are Being Built or Converted. 93

Exhibit 93. Where FSOs on Order are to be Installed. 93

Exhibit 94. Projects in the Visible Planning Stage Potentially Requiring an FSO.. 94

Exhibit 95. Forecast of FSO Orders over the Next Five Years. 94

The new Floating Production Systems Report – much like the market itself – is continuously changing. This Floating Production Systems report from World Energy Reports is unique in that it is not simply a static report, rather a dynamic and ever-changing database with a continuously updated wealth of data, statistics, exclusive insights and analysis and critical project management contacts designed to keep you a step ahead of the competition. Your Report, Your Way!

Plan Annual Five Year Market Forecast Semi-Annual Market Forecast Recalibration Monthly
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  • 12 reports during the year – at mid-month
  •  Each 85+ pages detailing planned floater projects, orders, installations, available units
  • Plus in the October monthly report -- Annual Five Year Market Outlook Assessment and Orders Forecast
  • Plus in the March report -- Semi-Annual Market Forecast Recalibration
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  • Contacts to follow up with in planned projects for marketing purposes
  • Subscriber support – just contact us for assistance
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For More Information Please Contact:
Jim Lourie lourie@worldenergyreports.com, phone: 561-244-2375