Offshore Floating Production Market Update
Currently, 320 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 65% of the existing systems, 76% of systems on order. Production semis, barges, spars and TLPs comprise the balance. Total oil/gas inventory is down two units since last month – two off-field FPSOs have been scrapped. Another 27 floating LNG processing systems are in service or on order. Liquefaction floaters account for 15%, regasification floaters 85%. No liquefaction floaters are yet in service – all four are on order. Total LNG inventory is down one unit since last month. A regas carrier used as an interim FSRU in Brazil has resumed trading following delivery of the permanent FSRU. In addition, 102 floating storage units are in service, on order or available. There has been a decrease of one unit since last month. An LNG carrier used in Chile as an interim storage unit has been replaced by permanent land storage tanks.