Abstract
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- Prospects
- Technologies
- Markets
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The Market - Global Floating Production Capex to Double
Douglas-Westwood (DW) forecast that between 2013 and 2017 $91bn will be spent
on floating production systems (FPS) - an increase of 100% over the preceding
five-year period. This growth is driven by factors such as a larger proportion
of newbuilds and conversions compared to redeployments, a greater degree of
local content resulting in increased costs and general offshore industry cost
inflation.
Floating Production is firmly established as a cost-effective method of
developing oil and gas fields around the world. In water depths beyond 500m
floating production systems become one of the few options open to operators,
an increasingly important factor as production moves into deeper waters. DW
forecast that 63% of global FPS market spend will be in deep waters.
FPSOs represent by far the largest segment of the market both in numbers (94
installations) and forecast Capex (80%) over the 2013-2017 period. FPSSs
account for the second largest segment of Capex (10%), followed by TLPs, then
spars.
Latin America accounts for 29% of the forecast installations and 37% of the
projected Capex. Most installations to date have been in Petrobras-operated
fields off Brazil and this is likely to continue, albeit substantial delays
are expected for Petrobras' offshore E&P investment. Asia is the next most
important region in numerical terms (24), but Africa is so in terms of
forecast Capex ($18.2bn).
Modelling & Forecast Generation
Analysis is based on DW's in-house Oil & Gas database which details around
1,000 FPS projects. The data feeds into the market model to generate forecasts
of floating production systems in each region of the world. Expenditure is
allocated both to year of order and year of installation.
In-depth analysis
DW's Floating Production Market Forecast 2013-2017 contains analysis of:
- Capex - from 2008 to 2017, broken down by various components
including hull, topside modules and mooring systems
- FPS type - FPSOs, FPSSs, TLPs and Spars
- Regional analysis - Africa, Asia, Australasia, Latin America,
Middle East, North America and Western Europe
- Operator analysis - breakdown of Capex for the leading FPS
operators historically and forecast and by region
- Deepwater - by FPS type and region
- Order year analysis - Capex by order year
- The FPS supply chain - Detailed analysis of the FPS supply chain,
examining the small independent companies that provide specialist components
and services, through to the multi-national companies that offer large-scale
facilities
- Leasing & financing - A discussion of the issues and future outlook
for financing of the sector; an analysis of major leasing contractors and
their assets and a review of prospective vessel redeployments
Why purchase the World Floating Production Market Forecast?
Now in its 11th edition, this highly regarded and established report has been
tracking and analyzing the industry for over a decade. DW's market analysis,
commentary and understanding are strengthened by extensive insight gained from
strategy and consultancy work undertaken for major companies throughout the
industry.
NEW report style with enhanced analysis and speed-read summaries of key
points throughout
The World Floating Production Market Forecast 2013-2017 is a vital source of
information for those seeking a timely update on this rapidly growing
industry. Geared to senior executives' needs, the report assumes no previous
knowledge of the subject area and provides the reader with a comprehensive
understanding of the key trends in the sector.;
Concise report layout - industry background and supporting materials
condensed to enable quick review.
The report is essential for financial institutions, equipment manufacturers,
offshore engineering, construction, operations & maintenance companies and
contractors, oil & gas companies, lease contractors, shipbuilders and agencies
& government departments wanting to make more informed investment decisions.
About Douglas-Westwood
Established in 1990, Douglas-Westwood is an independent employee-owned company
and the leading provider of advisory services and business research to the
top-tier players in the global energy industries. To date we have completed
700 projects providing our products & services to 400 clients in 70 countries.
We have offices and research hubs in Aberdeen, Canterbury, New York and
Singapore.
Table of Contents
Executive Summary and Conclusions
Market Drivers
Offshore Production, Subsea Production, Move to Deepwater, Flexibility of Use,
Brazilian Activity.
FPS Types and Applications
Offshore Production Platforms, The FPS Lifecycle, FPS Concept Selection,
Floating Production, Storage and Offloading Vessels (FPSOs), Floating
Production Semi-Submersibles (FPSSs), Spars, Tension Leg Platforms (TLPs),
Types of Floating Production Systems - Summary, FPS Applications.
Leasing and Financing
Financing, FPS Leasing, Major Leasing Contractors, Redeployments of Leased
Units.
The FPS Supply Chain
The FPS Supply Chain, Contractor Overview, FPS Shipyards & Construction
Facilities, Local Content.
FPS Components
Hulls, Topsides, Mooring Systems, Riser Systems.
Transportation, Installation & Commissioning
An overview of the process, Spar installation.
FPS Fleet
Summary of current fleet, broken down by region and type. Includes a
discussion of water depth distribution and leading operators.
Market Forecast
Forecasting process, assumptions and Capex breakdown, Delays to Sanctioning
and Commissioning, Detailed breakdown and analysis 2008-2017 (by region, type,
operator and deepwater).
Appendices: Data tables
Floating Production Prospects by country, operator, field, prospective year,
status, type and water depth.
The World Floating Production Market Forecast 2013-2017 published by Douglas-Westwood in October 4, 2012. This report price starts from US $ 5011.
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