FPS deployment seen increasing

10/09/2000
Over the next 5 years, 13-17 floating production systems (FPSs) will be ordered every year, says International Maritime Associates Inc., Washington, DC.In its latest forecast of the outlook for floating production, storage, and offloading vessels; production semisubmersibles; tension-leg platforms; and spars, IMA says the fundamentals for the FPS sector look very strong. It believes companies will spend $16-21.9 billion on FPS orders over the next 5 years.Strong global economic growth, growing oil demand, high oil prices, and increased operator capital spending have caused a "robust rebound" in the upstream sector. "On top of this, the equipment needed to drill in deepwater fields is now ...
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