Available FPU count at all-time high

Offshore staff

SINGAPORE – The inventory of floating production units worldwide stands at 277 reports Energy Maritime Associates. Of the total, 62% are FPSOs with the remainder divided among semisubmersibles, TLPs, spars, barges, and floating regasification units.

Eight production units have become available since EMA’s July report, decreasing the overall utilization rate to 92.8%.  Another 92 floating storage/offloading units (without production capability) are in service. 

The number of available FPSUs is at an all-time high with 16 FPSOs, 3 production semis, and one spar idle. Of the 20 available units, six or seven are likely candidates for scrapping, five or six should receive redeployment contracts within a year or two, while it may take longer for the remaining units. 

To date, 12 FPSOs, three FSRUs, two TLPs, one spar and one production barge have been ordered in 2013 – 19 units in total.  This is in line with the 17-year average of 19.2 per year, but below EMA’s forecast. The number of potential projects remains strong, says the report, with 220 in the planning stage and 60 in bidding or final design stage.

11/26/13

FPU totals by year
FPU totals by year. Courtesy Energy Maritime Associates.

Related Articles

McDermott nets second major contract from Aramco

Aug 27, 2015

Saudi Aramco has awarded McDermott International a lump sum contract for brownfield work on various fields offshore Saudi Arabia.

Al Shaheen well campaign passes halfway mark

Aug 27, 2015

The current development of the Al Shaheen field offshore Qatar is progressing as planned, according to operator Maersk Oil, with the 50-well program more than half way complete.

Undeveloped UK fields deserve attention, report claims

Aug 27, 2015

Consultants Hannon Westwood (HW) have issued a new report on near-term developments affecting the UK continental shelf (UKCS).

Second well brought into production at Gazprom Neft Prirazlomnoye field

Aug 26, 2015

Gazprom Neft has brought its second well into production at the Prirazlomnoye field, with output totaling 1,800 metric tons/d (1,984 tons/d).

Eni, NCA to collaborate on emergency response in Barents Sea

Aug 26, 2015

Eni Norge has entered a mutual assistance agreement with the Norwegian Coastal Administration on support vessels for the Goliat field in the Barents Sea.

Trending News

Offshore photo of the day

Ezra, Chiyoba ink subsea MOU

Aug 28, 2015

Under a binding memorandum of understanding with Ezra Holdings Ltd., Chiyoda Corp. will invest in Ezra’s subsea services business, EMAS AMC, to form EMAS CHIYODA Subsea, a 50/50 joint venture.

Seadrill defers deliveries of newbuild rigs

Aug 28, 2015

Seadrill has issued an update on its rig building program and market prospects for drilling.

Iona negotiating farm-out of Orlando in North Sea

Aug 28, 2015

Iona Energy expects cost for the Orlando tieback to the Ninian Central platform in the UK northern North Sea during 2015-2016 to be reduced from $215 million to $192 million. 

Ikon Science, PetroTrace Global extend JV scope

Aug 27, 2015

Building on its joint venture with PetroTrace Global, Ikon Science now has the availability to process seismic data workflows using a new high performance computing cluster in its UK office.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue
Click to view the Offshore Learning Center

Oil & Gas Jobs

Search More Job Listings >>