Marine link
 

Production Systems

Orders for up to 149 FPS’ Forecast Over Five Years

Floating production continues to grow at a dynamic pace. There are now 197 floating production systems in operation worldwide. Another 62 systems are on order. Most important, there are more than 100 projects in the planning stage that potentially require a floating production system. Production Floaters Approaching 200 Units: The current inventory consists of 118 FPSOs, 40 production semis, 20 TLPs, 15 spars and 4 production barges. They are producing on fields primarily offshore West Africa, Northern Europe, US Gulf Coast, Brazil, Southeast Asia, China and Australia/New Zealand. Another 76 floating storage vessels (without production capability) are now in service, primarily in Southeast Asia, West Africa and the North Sea. Order Backlog at Record Level: With more than a dozen orders over the past four months, order backlog of production floaters as of mid-March has risen to 62 units. This is the highest backlog in the history of floating production. Backlog, which began climbing in late 2005, has increased more than 75 percent over the past two years. The current backlog consists of 46 FPSOs, 8 production semis, 2 TLPs, 3 spars, 2 barges and a ship shape FPU. More Than 100 New Projects Being Planned: In a just published study, U.S. consulting firm IMA has identified 109 offshore projects in the planning pipeline that potentially require floating production systems


Planned Floating Production Projects Hits All-Time High

Growing Number of Floating Production Projects in the Planning Stage (Number of projects as of July each year) - Source: IMA

IMA has just completed an in-depth analysis of the floating production sector. The 175 page report Floating Production Systems: Assessment of the Outlook for FPSOs, Semis, TLPs, Spars, FLNGs, FSRUs and FSOs is the 47th in a series of IMA reports on the deepwater production sector that began in 1996. Some highlights from the new report are below. Order backlog for production floaters at all-time high – 74 production floaters are currently on order


Husky Energy Awards $250 M Contract For White Rose

Husky Energy Inc. has awarded a $250 million contract for the subsea production system for the White Rose oil field project, located 217 miles off the east coast of Newfoundland and Labrador. The contract covers the design, supply and installation of the subsea system for the White Rose project. Husky plans to use a floating production, storage and offloading (FPSO) vessel to develop the offshore field. The subsea production system includes a total of 42 kilometres of flexible risers


GOM: Number Of Floating Production Systems Projected To Rise

The Gulf of Mexico offshore market is quickly shaping up to be the driving maritime force of 2001 and beyond. While the market today is, and will always be, largely dependent on the political wranglings of OPEC nations, the recent consolidation which has swept the oil majors and, to some degree, the offshore drilling and supply and service companies, has helped to alter some of the traditional instabilities. For example


Floating Production System Capital Expenditure

source: ‘The World Floating Production Report II’, Douglas-Westwood & Infield Systems Over the past five years capital expenditure on floating production systems has totalled some $20 billion, but over the next five years this is forecast to increase by more than 50% to $32 billion. Annual spend is expected to soar to over $9 billion in 2004. These are amongst the findings of a major new study launched today at Houston’s annual Offshore Technology Conference by energy analysts


Outlook for Floating Production Strong

IMA has just completed a detailed assessment of the floating production sector. The study examines the impact of the global economic downturn, assesses the underlying long term market drivers and forecasts production floater orders over the next five years. The market for new floating production systems has frozen as a result of the abrupt downturn in the global economy. Over the past quarter no orders have been placed for production floaters


Aker Kvaerner Gets Subsea Contract

StatoilHydro on behalf of the Morvin license group, awarded Aker Kvaerner a contract for the engineering, procurement and construction (EPC) of a complete subsea production system for StatoilHydro's Morvin field in the Norwegian Sea. The contract, worth approximately $181m is a testament to Aker Kvaerner's unique high-pressure/high-temperature (HPHT) subsea technology. The Morvin contract is an addition to the scope identified in the frame agreement signed by Aker Kvaerner and


Fibertown Provides Data Center Solution for Maersk Oil

Maersk Oil selects Fibertown to provede data center facilities for mission-critical & disaster recovery systems FIBERTOWN, a premier provider of high availabilityHouston data centers and business continuity offices has announced that the Houston division of Danish oil and shipping company, Maersk Oil, selected Fibertown data centers for high-performance colocation of its mission critical and disaster recovery systems.


Deepwater African Offshore Project Sanctioned by Chevron

Chevron Corp. announce its subsidiary will develop Lianzi field in the Republics of Congo & Angola untized offshore zone. The field is located 65 miles (105 km) offshore in approximately 3,000 feet (900 meters) of water. The $2 billion development will include a subsea production system and a 27 mile (43 km) electrically heated flowline - the first of its kind at this water depth - to transport the oil from the field to the BBLT platform.


FPSO Arrives at Petrobas Offshore Brazil Site

Floating Production Storage & Offloading (FPSO) vessel 'Cidade de Itajaí' arrives at the Santos Basin. Petrobras announce the FPSO's arrival at its definitive location to be integrated to the Baúna and Piracaba field production system, which is in the Santos basin post-salt area. Chartered from OOG-TKP (the consortium formed by Odebrecht Óleo e Gás & Teekay Petrojarl), the vessel is being prepared for anchoring and is expected to start producing yet


Hiab's State-of-the-art Factory Opens in Poland

Hiab factory in Poland

  Hiab, part of Cargotec, celebrates today the official opening of its new state-of-the-art multi-assembly unit (MAU) in Stargard Szczecinski, Poland. The development at Stargard further demonstrates Hiab's commitment to remaining the leading global provider of load handling equipment


What's New in Floating Production?

it IMA Chart  WEB.jpg

Today there are 324 oil/gas floating production units are now in service, on order or available for reuse on another field.  FPSOs account for 64% of the existing systems, 79% of systems on order.  Production semis, barges, spars and TLPs comprise the balance. 


Signet Transports Second LLOG Rig to GofM

On September 14, five Signet Maritime ASD/Z-Drive tugboats, the SIGNET ENTERPRISE, SIGNET RELIANCE, SIGNET MAGIC, SIGNET WEATHERLY, and SIGNET VOLUNTEER successfully completed the Towout of LLOG’s DELTA HOUSE semisubmersible production facility to the U.S. Gulf of Mexico.  


Petrobras Signs LoI for Libra FPSO

The extension of the Libra reservoir (blue) compared to Rio de Janeiro

  Libra Consortium has signed a letter of intent with Odebrecht/Teekay (OOG-Teekay), winner of a tender process, for the charter of a FPSO-type platform (floating production, storage and offloading) designed for the extended well test campaign of Libra, in the Santos Basin pre-salt deposits


Petrobras Setbacks Threaten 2014 Production Goals

Brazilian state-run oil company Petroleo Brasileiro SA suffered another setback in its effort to boost oil output last month when Italian contractor Saipem SpA dropped a 2.3 km steel pipe into the Atlantic Ocean. On March 16, the rigging used to wrangle the pipe into position on a floating oil


Strainstall Supply Load Pins for Shell Stones Project

Strainstall UK Limited has been selected to work alongside SBM offshore on the prestigious Shell Stones project, which is an ultra-deep Oil and Gas development in the Gulf of Mexico and is currently the deepest production facility in the world at approximately 2,900 meters.


Boat of the Month: M/V HOS ACHIEVER

Achiever 4.jpg

Accommodations, Features and Comfort combine with Safety. All are key for Offshore Housing missions. Deepwater operations are increasingly demanding more personnel offshore, often for longer periods of time, placing a greater emphasis on crew accommodation


Offshore Floating Production Hits Headwinds

iStock_000012863084XLarge web.jpg

Floating Production inventory continues to grow, but rising costs, shale oil and gas are starting to create significant headwinds Floating production has been one of the most significant developments in the oil and gas industry over the past four decades


Azeri Shipyard, BP Sign Vessel Construction Contract

socar_logo.png

Azeri state energy company SOCAR's shipyard and British oil major BP have signed a $378 million deal to design and build a subsea construction vessel for the Shah Deniz II gas project, BP said on Wednesday.   Azerbaijan's biggest gas field


Maersk Drilling Orders 20K™ Blow Out Preventer & Risers

Maersk Drilling logo

  Maersk Drilling has ordered four Blow Out Preventers (BOPs) and two risers from GE Oil and Gas to be used in the Project 20K™ agreement with BP. The BOPs and risers are intended to be delivered and deployed on two Maersk Drilling 20K™ Rigs by year-end 2018


Challenges in the FPSO Supply Chain: Round Table

FPSO: File photo

FPSOs play a key role in deepwater oil and gas production. A 'DW Monday' analysis of FPSO projects found cost overruns of nearly 40% and average project delays exceeding one year for some. In response to this DW recently brought together 20 companies from across the FPSO supply chain in a round


ABS Opens Office in Beijing

abs logo.jpg

ABS, a global provider of classification services to the marine and offshore industries, announces the opening of a new office in Beijing. This move shows ABS' determination in expanding best-in-class service for the Chinese market. This new office will allow further collaboration with government


Fogal Retires from Zentech After 57 Years in O&G

Bob Fogal, left, accepting congratulations from Ramesh Maini

Robert “Bob” “Sonny” Fogal, Jr., one of the icons in the offshore oil and gas industry, has decided to retire from front-line work as Zentech’s Director of Business Development.  Zentech’s President Ramesh Maini noted on August 28


Floating Production Roundup: August 2014

Samsung is building two FLNGs, including the massive Prelude FLNG for Shell.

What’s New in August 2014 There are 320 oil/gas floating production units are now in service, on order or available for reuse on another field.  FPSOs account for 64% of the existing systems, 79% of systems on order.  Production semis, barges, spars and TLPs comprise the balance


SSI Webinar: ShipConstructor Electrical Product

Image: SSI

The SSI Technical Webinar Series' ShipConstructor Electrical Product webinar will be held Wednesday, September 10, 2014 from 8-9 a.m. Electrical is a 3D modeling and production system for wireways, cable trays, supports, cables and transits






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright