Floating production expanding rapidly

05/14/2007
During the last year, the world has seen a 10% increase in the number of operating floating production systems.Currently 197 floating production systems are operating worldwide. Another 62 systems are on order for delivery within the next 3 years.Also and most importantly, underlying market fundamentals have never been stronger because floating production is a development option being studied in more than 100 projects in the planning stages.As a result, International Maritime Associates Inc. (IMA) has raised by 15% its 5-year forecast of production floater orders.Production floatersThe current production floater inventory in operation has 118 floating production, storage, and offloading v...
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