SPECIAL REPORT: Study expects 120-175 more floating production units during next 5 years

Jim McCaulInternational Maritime AssociatesWashington, DCIn its recent analysis of floating production systems, International Maritime Associates, Washington, forecast the petroleum industry will add 120-175 new units during the next 5 years.The study found that currently there are 250 units in operation or available, more than double the number of units 10 years ago.Included in the total are 12 units off field and being remarketed. Eleven of these are floating production, storage, and offloading (FPSO) vessels and one is a production semisubmersible. The overall utilization rate for available production floaters is 95.2%.FPSOs account for 62% of the current production floater inventory. ...

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