LONDON – The future of floating production systems is solid, says Infield in its “Floating Production Systems Market Report to 2015”. Technological drivers and long-term schedules have improved the market fundamentals.
Of the floating production capex to 2015, Infield forecasts that about 62% will go to FPSO installations, 18% to semisubmersible facilities, 11% to TLPs, 6% to other floating development types, and 2% to spars.
Enfield says it has increased its count of “firm” projects from the 2010 total of 67 to 91 today.
While Angola, Nigeria, and Brazil are the primary markets, they are not the only ones. Australasian spend is expected to grow going forward with projects such as Ichthys and Prelude. In the North Sea, projects such as Skarv, Goliat, Schiehallion, Quad 204, and possibly the Rosebank FPSO push the spending.
Offshore floating production development looks solid to 2015