FLOATING PRODUCTIONFloating ProductionFloating ProductionBY JIM MCCAUL, IMAWhat’s New in August 2014There are 320 oil/gas ? oating produc- ing systems are in service or on order. since last month. The ? gure includes 37 The declining trend is mostly the re-tion units are now in service, on order Liquefaction ? oaters account for 17%, FPSOs, 10 other oil/gas production units sult of a wave of orders 24 to 36 months or available for reuse on another ? eld. regasi? cation ? oaters 83%. No lique- and 16 LNG processing units. In the lat- back that created a cluster of deliveries FPSOs account for 64% of the existing faction ? oaters are yet in service – all 5 er are 5 ? oating liquefaction plants and in 2014. Recent orders have been strong systems, 79% of systems on order. Pro- are on order. Total LNG inventory is the 11 regasi? cation terminals. – just not as high as deliveries. But there duction semis, barges, spars and TLPs same as last month. The backlog of orders has been falling has also been some impact from defer-comprise the balance. Total oil/gas in- In addition, 102 ? oating storage units over the past few months as deliveries ral/rethinking of several projects – e.g., ventory is the same as last month – but are in service, on order or available. outpace intake. Backlog is down from Rosebank, Fram, Fyne, Mad Dog, Chev-two units on order last month (N’Goma (See Chart 1, page 34) a high of 72 units last October. Given iot, etc.FPSO and Delta House Semi) were com- expected orders and scheduled deliveries pleted and are now in the active inven- Production Floater Order Backlog over the next ? ve months, order backlog Who’s Building Whattory. Sixty-three production ? oaters are cur- at end 2014 will likely be in the range of Production and storage ? oaters are be-Another 29 ? oating LNG process- rently on order, a reduction of two units 58 to 60 units. ing built in more than 40 locations. Samsung is building two FLNGs, including the massive Prelude FLNG for Shell.(Photo: Courtesy Shell)32 Maritime Reporter & Engineering News • AUGUST 2014MR #8 (26-33).indd 32 MR #8 (26-33).indd 32 8/4/2014 9:59:24 AM8/4/2014 9:59:24 AM