Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Aggie who wrote (72613)	9/7/2000 6:18:45 PM
From: BigBull	of 95453

Aggie some interesting data on FPSO etc in O&G Journal: Look at all those new projects! Maybe the offshore construction stocks are finally coming into the sun? ------------------------------------------------------------- ogj.pennnet.com "There has clearly been an uptick in floater planning activity, both in quantity and quality of projects," the report said. IMA has identified 133 offshore projects in the bidding, design, or planning stage where an FPS is being seriously considered as a development solution for the field. IMA said it only included the most promising projects on that list. Off West Africa, 40 projects that are likely to use floating production systems are planned; in the Gulf of Mexico, 33 are planned. Southeast Asia ranks third, Brazil fourth, and Europe and Australia tied for fifth place. The company predicts orders for 65-86 additional floating production systems over the next 5 years. "A higher ordering rate will occur in the earlier years of the 5-year forecast, tapering off in 2004-05 as relocations increase," the report said. It also predicted about 70% of units ordered will be FPSOs.

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