UK-based maritime market researcher and analyst Douglas-Westwood has produced a new report on the world’s floating production market.
‘In its report, Douglas-Westwood provides an overview of the current and future developments of floating production units from 2009 to 2013. According to its figures, 93 floating production units were installed over the past year, while it predicts that some 121 more units will be installed within the next five years.
Douglas-Westwood said that the report would cover all types of floaters, including FPSOs, FPSSs, spars and TLPs. The report will analyse the technologies involeved and economic rationale for the use of these units. The energy business consultants added that one of the major factors which would determine the future direction of FPSO expenditure was whether the sector develop through upgrades or the re-deployment of existing units by converting existing vessels.