1 / 24

Overview of the Floating Production Sector

Overview of the Floating Production Sector. International Maritime Associates, Inc. — Washington, DC, USA — Tel: 202-333-8501 Fax: 202-333-8504 — E-mail: imaassoc@msn.com — Website: www.imastudies.com. Presentation by James McCaul at the

jerry
Download Presentation

Overview of the Floating Production Sector

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Overview of theFloating Production Sector International Maritime Associates, Inc. — Washington, DC, USA — Tel: 202-333-8501 Fax: 202-333-8504 — E-mail: imaassoc@msn.com — Website: www.imastudies.com Presentation by James McCaul at the 18th Annual Floating Production SystemsConference and Exhibition December 1, 2001

  2. The Presentation Will . . . • Profile the current inventory of floaters • Characterize the current order backlog • Identify potential new floater projects • Describe the longer term outlook for new floaters International Maritime Associates, Inc. - 2 - www.imastudies.com

  3. 154 Floating Production SystemsNow Available • 15 Tension Leg Platforms • 38 Production Semis • 92 FPSO Vessels • 9 Production Spars International Maritime Associates, Inc. - 3 - www.imastudies.com

  4. Where Floating Production SystemsAre Now Operating International Maritime Associates, Inc. - 4 - www.imastudies.com

  5. Geographic Distribution ofProduction Floaters Now Operating FPSOs Semis International Maritime Associates, Inc. - 5 - www.imastudies.com TLPs Spars

  6. 30 Year Growth in Number of FloatersHas Been Impressive International Maritime Associates, Inc. - 6 - www.imastudies.com

  7. Over the Past 7 Years 101 Floating Production, 30 Storage Systems Have Been Installed - - - - - Where Installed - - - - - International Maritime Associates, Inc. - 7 - www.imastudies.com

  8. Production Floater InstallationsOver Past 7 Years International Maritime Associates, Inc. - 8 - www.imastudies.com

  9. Almost 11 MB/D Oil Processing Capacity Now On Floating Production Systems International Maritime Associates, Inc. - 9 - www.imastudies.com

  10. 37 Floating Production Systems and5 Storage Systems are on Order(as of November 2003) • 4 TLPs — 2 mini, 2 wellhead • 25 FPSO Vessels — 12 new, 11 conversions, 2 upgrades • 4 Production Semis — all new • 4 Production Spars — all new • 5 FSOs — 1 new, 4 conversions International Maritime Associates, Inc. - 10 - www.imastudies.com

  11. Where Floating Production and Storage Systems on Order are to be Installed International Maritime Associates, Inc. - 11 - www.imastudies.com

  12. Production Floaters Now on Order(as of November 2003) International Maritime Associates, Inc. - 12 - www.imastudies.com

  13. 6 Year Trend in Orders forFloating Production Systems(average order intake per month) International Maritime Associates, Inc. - 13 - www.imastudies.com

  14. 87 Floating Production Systems are Planned or Under Study(as of November 2003) International Maritime Associates, Inc. - 14 - www.imastudies.com

  15. Projects in the Biddingor Final Design Stage(as of November 2003) International Maritime Associates, Inc. - 15 - www.imastudies.com

  16. Some Near Term Projects . . . • Roncador P-54 • Marlim Leste • Tahiti • Merganser/Vortex • Peng Lai 2 • Akpo • Agbami • Kizomba C/D • Block G • Usan/Ukot International Maritime Associates, Inc. - 16 - www.imastudies.com

  17. Projects Planned or Under Study(as of November 2003) International Maritime Associates, Inc. - 17 - www.imastudies.com

  18. Some Longer Term Projects . . . • Southern Alaminos Canyon — FPSO/shuttle tanker or production semi/pipeline? • Block 31 Angola — large FPSO • Bonga Southwest — large FPSO, maybe joint development with Aparo • Marlim Sul/Roncador — 3 or 4 additional large FPSOs or semis • Gehem/Ranggas — TLP/production barge combo, like West Seno International Maritime Associates, Inc. - 18 - www.imastudies.com

  19. The Long Term Outlook for Floater Orders is Very Favorable International Maritime Associates, Inc. - 19 - www.imastudies.com

  20. Trend in World Oil andGas Consumption International Maritime Associates, Inc. - 20 - www.imastudies.com

  21. Long Term Oil and Gas Demand • IEA expects global energy demand to increase at a rate of 1.7% per year over next 30 years • Oil and natural gas to supply 90% of the increased demand • Oil consumption is expected to rise at an annual rate of 1.6% • Gas consumption is expected to double by 2030 International Maritime Associates, Inc. - 21 - www.imastudies.com

  22. Futures Price of Crude($ per bbl) International Maritime Associates, Inc. - 22 - www.imastudies.com

  23. Our February 2003 Forecast of Requirements for Floating Production Units International Maritime Associates, Inc. - 23 - www.imastudies.com

  24. This Forecast Would Produce Orders for 62 to 89 FPUs Between 2003-2008 • Composition of orders is expected to be - 60% FPSOs - 30% spars or TLPs - 10% production semis • These orders would generate $22 to 31 billion capex • In February 2004 we will revisit this forecast and extend the forecast period from 2004 to 2009 International Maritime Associates, Inc. - 24 - www.imastudies.com

More Related