Floating Production Report - March 2013

By MarEx 2013-03-20 08:03:00

Recently Energy Maritime Associates released a report assessing the outlook for floating production systems, including FPSOs, FLNGs, Spars and more.

The business sector continues to accelerate. Order backlog for production floaters hit an all-time high this month, the number of potential new floater projects is 15% higher than March last year and deepwater drillers are reporting high utilization of ultra-deep drill equipment.

Based on our analysis of the underlying drivers, we expect orders for 124 to 190 production floaters over the next five years – with 160 orders our best estimate.   In comparison, 114 production floaters were ordered over the past five years.

For more information or to view the full reportvisit www.energymaritimeassociates.com or email fps@energymaritimeassociates.com.

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