NEWS RELEASE – April 30, 2018
In its Q2 2018 Floating Production Systems Report, Energy Maritime Associates (EMA) reviewed the market for Floating Production Systems, including FPSOs, FLNGs, FSRUs, TLPs, Spars, Semis, FSOs, and MOPUs.
Recent Highlights:
(c)EMA 2018
According to EMA’s Managing Director, David Boggs, “The gradual recovery that began in 2017 has firmly taken hold with FPSO orders expected to reach pre-oil crash levels. In line with our 2018-2022 forecast, there should be at least 10 FPSO awards this year. Oil companies realize that costs in the supply chain are unlikely to reduce further and now is the time to act. After substantial reductions in capacity, industry consolidation, and certain sectors working for below variable cost, it is only a matter of time before margins begin to rise. Drilling rates for harsh environment rigs in the North Sea have moved upwards, but this is not yet the case for Jackups and Drillships in the rest of the world. Moreover, input costs for commodities, such as steel, are also increasing. However, there is still a long way to go before these increasing costs begin to threaten the economics of many deepwater projects. The US Energy Information Agency expects global production from deepwater to grow by 2.5 million b/d over the next 20 years, driven by new developments in areas including Brazil, Mexico, and Guyana.”
For further information visit us at OTC (Booth 4471) or contact:
Yun Xu
Energy Maritime Associates Pte Ltd
Tel: +65.9177.1368 (Singapore)
Tel: +1.202.800.8390 (USA)
fps@energymaritimeassociates.com
I. Current and Planned Floating Production Systems
II. Recent Developments
Floater Prospects in the Appraisal Stage
Floater Prospects in the Planning Stage
Floaters in the Bidding or Final Design Stage
Non-FPS Developments
New Orders
Systems on Order
Systems Recently Completed
Existing Systems
Available Systems
Decommissioned Systems
III. UNDERLYING MARKET DRIVERS
IV. INDUSTRY ACTIVITY & ANALYSIS
Appendix I: Projects in Planning Pipeline
Appendix II: On Order / Under Repair FPS Units
Appendix III: Installed and Available FPS Units
Appendix IV: Historical Installed FPS Units
Fig 1. Total Installed Units by FPS Type
Fig 2. Total FPSOs by Status
Fig 3. Available Units by Type and Year Idle
Fig 4. Units Awarded by Quarter
Fig 5. Units Awarded by Capex
Fig 6. FPS Units Awarded Since Q1 2019
Fig 7. FPS Units Awarded - Details
Fig 8. FPS Awards in Relation to Oil Price
Fig 9. FPS Units Delivered in 2019
Fig 10. FPS Units On Order by Hull Type
Fig 11. FPS Units On Order by Contract Type (Lease/Own)
Fig 12. Map of FPS Units on Order
Fig 13. Order Backlog for FPS Units
Fig 14. Orderbook 2008-2019
Fig 15. Distribution of Units on Order by Yard
Fig 16. Projects in Planning Pipeline by Region
Fig 17. Projects in Planning Pipeline by Region-LNG&Non-LNG
Fig 18. Deepwater and Ultra Deepwater Projects by Region
Fig 19. Projects in Bidding and Final Design Stage by Region and Water Depth
Fig 20. Projects in Planning Stage by Region and Water Depth
Fig 21. Projects in Appraisal Stage by Region and Water Depth
Fig 22. Map of Installed FPS Units
Fig 23. Table of Production and Storage Floaters by Type and Region
Fig 24. FPSO by Status and Region
Fig 25. FSO by Status and Region
Fig 26. FSRU by Status and Region
Fig 27. FLNG by Status and Region
Fig 28. SEMI by Status and Region
Fig 29. SPAR/TLP by Status and Region
Fig 30. WTI and Brent Historical Price by Month
Fig 31. World Liquid Fuels Production & Consumption Balance
Fig 32. Demand and Supply Balance
Fig 33. Brent Futures - May 2019 vs Feb 2019
Fig 34. Brent Futures - May 2019 vs May 2018
Fig 35. Henry Hub Natural Gas Price
Fig 36. Historical Spot Gas Price
Fig 37. North American Land Rig Count
Fig 38. Dayrates and Utilization-Jackups
Fig 39. Dayrates and Utilization-Drillships
Fig 40. Dayrates and Utilization-Semisubmersibles
Fig 41. Likely Awards in Next 12 Months (FPSOs)
Fig 42. Likely Awards in Next 12 Months (Non-FPSOs)
Fig 43. FPS Awards in Relation to Oil Price
Fig 44. Comparison of Operating Cost, Capital Cost and Oil Price Indices
Fig 45. FPS Units On Order / Under Repair
In its Q2 2018 Floating Production Systems Report, Energy Maritime Associates (EMA) reviewed the market for Floating Production Systems, including FPSOs, FLNGs, FSRUs, TLPs, Spars, Semis, FSOs, and MOPUs.