Forecast sees ramp up in floating production system orders

A recent report predicts a ramp up in floating production system orders during the next 5 years. The March 2006 report from the International Maritime Associates Inc. (IMA), Washington, DC, forecasts the number of units and the capital expenditures needed through 2010.The report includes floating production, storage, and offloading (FPSO) vessels; tension leg platforms (TLPs); semisubmersible production units; production spars; and floating storage and offloading (FSO) vessels.Current fleet Click here to enlarge imageCurrently 179 floating production systems operate worldwide, the report said. It found that this number has increased 203% during the past 10 years (Fig. 1). The current fle...

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