Floating production boom continues
Demand for floating production systems (FPSs), a moored ship-shaped facility capable of producing oil from subsea wells and storing and offloading the oil into shuttle tankers, will continue growing as strong oil and natural gas prices drive effor...
By TNN |
Demand for floating production systems (FPSs), a moored ship-shaped facility capable of producing oil from subsea wells and storing and offloading the oil into shuttle tankers, will continue growing as strong oil and natural gas prices drive efforts to explore for and develop more oil and gas reserves in deeper water around the globe.
This year, 44 FPSs are expected to be deployed, up from 28 units deployed in 2007 and 24 deployed in 2006.
According to reports, as of May, 24 FPS projects are scheduled for deployment in 2009 and 12 projects are planned for deployment in 2010.
So far this year, 21 discoveries have been made worldwide in water depths greater than 1,500 feet (457 m). The most recent discoveries augment the 40 discoveries made in more than 1,500 feet (457 m) of water last year. Given that the year is not even halfway over, the 40 discovery mark could be surpassed.
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