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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Tomas who wrote (27500)	11/29/2003 11:17:11 PM
From: Tomas	Read Replies (1) of 206184

Floating out the big guns Upstream, November 28 The high-stakes, high-tech market for floating production systems continues to capture the imagination -- and the wallet -- of the international oil industry. The world fleet of floaters, which has already ballooned from 42 units a decade ago to 154 at present, is projected to climb by at least 100 over the next five years, including 37 units currently under construction. Expectations of between 62 and 89 new floater orders by the end of 2008 are likely to equate to massive capital investments in the range of $22 billion to $31 billion. Dominating the scene is the Golden Triangle, encompassing West Africa, Brazil and the Gulf of Mexico, with massive new projects pushing back the envelope on both sides of the Atlantic. In this 18-page special report, Upstream reporters take a closer look at the market, the projects and the technology that have redefined the offshore industry and opened the door to the riches of the deep.

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