Floating production system orders resume

12/14/2009
Orders for floating production systems have resumed after a 1-year hiatus, according to the latest International Maritime Associates Inc. assessment.IMA reported that since mid-2009, companies have placed orders for one tension-leg platform and six floating production, storage, and offloading vessels. This includes an FPSO and TLP combination for Papa Terra off Brazil, an FPSO for Parque das Baleias off Brazil, an FPSO off West Africa, two FPSOs off Vietnam, and an FPSO in the Adriatic.IMA noted companies have 170 new projects in the bidding, design, or planning stages that potentially may require a floating production or storage system.Brazil has the most new potential projects with 34, ...
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