Page 10: of Marine News Magazine (November 2014)

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BY THE NUMBERS

Access and order your report at Email: [email protected]

Web: www.worldenergyreports.com

Number of Floating Production and Storage Units in Service, On

Order and Available (As of October 2014)

Location and Water Depth of Planned Floating Production Projects support to make all of that happen.

By the Numbers, fl oating production has a short but dy- namic history, dating all the way back to the mid-1970’s.

And, the business is growing quickly: 10: number of years it took to reach 15 units in operation; 12: number of underlying business drivers that will ultimately infl uence the pace of investment decisions; 20: number of years (approximately) that it took to reach just over 50 units in operation; 30: number of years that it took to reach 170 units in service; 275: possible number of newbuild systems that could be required in the near term; 310: Approximate number of fl oating production units that could be in operation by end of 2015.

How rapidly these projects will move to the contracting stage is the question. Having a long list of projects ready to go forward is important. But an investment decision is needed to transform project opportunities into contracts for production facilities. And, that’s where the new World

Energy Report comes in. Twelve underlying business drivers will infl uence the pace of investment decision.

Some of these are positive drivers. Some are negative. All have an impact on the number and timing of future pro- duction fl oater orders. The unknowns – also deciphered within the 147 page report – include the question of how competitive will deepwater be with shale oil supply in the short and long term and the always dangerous effect of a so-called ‘black swan’ event in the sector.

World Energy Reports will systematically track and re- port in monthly updates how the forecast is performing, with a recalibrated forecast in the New Year. As the line of demarcation between the world of energy and the domes- tic maritime industry slowly disappears over time, World

Energy Reports is there to guide you on the journey.

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