Research and Markets: Global and Chinese FPSO Industry Report, 2011

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/1e4d61/global_and_chinese) has announced the addition of the "Global and Chinese FPSO Industry Report, 2011" report to their offering.

“Global and Chinese FPSO Industry Report, 2011”

Offshore engineering equipment consists of exploration equipment, drilling facility, production equipment and auxiliary equipment. Production platforms include fixed platforms and floating platforms, and the latter are the mainstream in the current market, mainly including tension-leg platform (TLP), spar platform (SPAR), semi-submersible platform (SEMI) and floating production, storage and offloading equipment (FPSO).

With respect to the number of floating production platforms, FPSO accounts for approximately 60%, ranking first, followed by SEMI, TLP and SPAR. SEMI is mainly applied in the North Sea and South American waters, while TLP and SPAR are mostly located in Gulf of Mexico (GOM). FPSO is likely to be the most promising one in the future.

As of December 1, 2011, there are 187 FPSOs in operation around the world, of which 108 FPSOs are run by operators and the rest 79 FPSOs are operated by petroleum companies. The number of FPSOs in West African waters hits 44, ranking No. 1, and that in South American waters, British and Chinese waters reaches 39, 17 and 17, respectively. Moreover, 16 FPSOs are situated in Australian waters, 9 FPSOs in Vietnamese waters and 8 FPSOs in Indonesian and Norwegian waters separately. Around 60% of FPSOs are conversions, and 40% are newly-built ones.

Among large petroleum companies, Petrobras possesses 16 FPSOs, ranking No. 1, and has ordered another 8 FPSOs. From 2012 to 2015, Petrobras will launch 17 FPSOs into operation. CNOOC now owns 14 FPSOs and does not plan to add any more recently. CNOOC is still at the infancy stage of deep-sea oil exploration and development. French Total has 6 FPSOs, 5 of which are located in West African waters, and the company plans to add 5 FPSOs by 2017 in West African waters. The petroleum companies in USA are mainly engaged in GOM and onshore oil field projects. SHELL focuses on the LNG area, has poured USD5 billion into building the world's first LNG-FPSO and shown little interest in ordinary FPSO.

Key Topics Covered:

1. Overview of Marine (Offshore) Engineering 2. Floating Production Platform 3. FPS Operation 4. FPS Industry and Market 5. FPS Contractors Analysis

Companies Mentioned:

• BW Offshore
• Bumi Armada
• CNOOC
• COSCO Shipyard
• COSCO Shipyard (Qidong) Marine Engineering
• DSME
• Drydocks World
• Engevix/GVA
• Fred. Olsen Production
• Hyundai Heavy Industries
• Keppel
• MODEC
• Maersk FPSOs
• Nantong COSCO Shipyard Engineering
• Petrobras
• Royal Dutch Shell
• SBM Offshore
• STX
• STX (Dalian) Shipbuilding
• STX Marine Engineering
• STX OSV
• Samsung Heavy Industries
• Sembcorp
• Teekay
• Total

For more information visit http://www.researchandmarkets.com/research/1e4d61/global_and_chinese