a regas barge in anticipation of us- ning March. Of these, 57% involve an planned ? oating production projects ? oating production system orders in the ing the unit on a future terminal proj- FPSO, 15% another type oil/gas produc- worldwide. planning stage. ect. Wison Nantong will build the tion ? oater, 22% liquefaction or regasi? - In terms of future production ? oater For this reason the downsized business hull and handle the unit integration. cation ? oater and 6% storage/of? oading requirements, Brazil is clearly the leader, plan just announced by Petrobras should Delivery is scheduled in late 2015. ? oater. Brazil and Africa are the major as several Brazilian projects will require cause concern in the ? oating production Two other production ? oater contracts locations of ? oating production proj- multiple production units (up to 12 FP- sector. In late February Petrobras said appear to have reached an advanced stage ects in the visible planning stage. We SOs in one project). When these large its ? ve-year capital spending plan for of negotiations. Premier is about to con- are tracking 51 projects in Africa, 48 projects are taken into account, Brazil 2014/18 would be almost 7% lower than tract for a leased FPSO for the Catcher projects in Brazil – 42% of the visible represents almost 30% of the visible the ? ve year plan announced last year. ? eld in the U.K. North Sea. Premier has selected the preferred bidder and BWO looks like the winner. Premier also ap-pears to have earmarked Teekay to sup-ply a cylindrical FPSO for the Bream ? eld in the Norwegian North Sea. De-spite the pick-up in orders in early 2014, it still looks like the production ? oater market is in a temporary slow period. The sector lacks the vibrancy of previ-ous years. Causing the slowdown is a mixture of cost escalation, inef? ciencies caused by local content barriers, supply chain bottlenecks, oil companies pulling back on upstream investments and better ? nancial returns from shale/tight oil and gas investments. 236 ? oating production projects are in various stages of planning as of begin-Planned Projects Type of Production System Required(As of March 1, 2014)Type of No. ofRequired ProjectsFPSO 134Other FPS 36FLNG 30FSRU 23FSO 13Total 236The AuthorIMA provides market analysis and stra-tegic planning advice in the marine and offshore sectors. Over 40 years we have performed more than 350 business consulting assignments for 170+ clients in 40+ countries. We have assisted nu-merous shipbuilders, ship repair yards and manufacturers in forming a a plan of action to penetrate the offshore mar-ket. Our assignments have included advice on acquiring an FPSO contrac-tor, forming an alliance to bid for large FPSO contracts, satisfying local content requirements and targeting unmet re-quirements through technology develop-ment.Tel: 1 202 333 8501 e: imaassoc@msn.com www.imastudies.comwww.marinelink.com 11MR #3 (10-17).indd 11 MR #3 (10-17).indd 11 3/4/2014 9:53:26 AM3/4/2014 9:53:26 AM