IMA reports fewer orders for floating production units

Worldwide orders for new floating production units have tapered off, according to the latest quarterly outlook for these systems by International Maritime Associates Inc. (IMA), Washington DC.It found that in the last 4 months the industry has ordered only three production floaters, which is less than the average orders of 1.3 floaters/month during the past 6 years. Click here to enlarge image"As a result, the backlog of orders, which had been climbing since 1999, has fallen off the peak of 42 orders (Fig. 1) in hand seen earlier this year," IMA says.Processing capacityThe report concluded that the processing capacity of the 150 units in operation or available is 10.5 million bo/d (Fig. ...

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