Offshore floating production development looks solid to 2015

Offshore staff

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.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...