Floating production system orders spike in late 2006

Orders for production floaters spiked in second-half 2006, according to International Maritime Associates Inc.’s 4-month update of worldwide floating production systems. IMA found that since July the industry has placed orders for 20 production floaters, which will add almost 9% to the future inventory.IMA’s project inventory includes floating production, storage, offloading (FPSO) vessels, production semisubmersibles, spars, and tension-leg platforms (TLPs).Its report provides details for production and storage floaters in service, profiles known floater projects in the planning pipeline, analyzes market share of key players in the floater sector, and examines developments ta...

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