Page 16: of Maritime Reporter Magazine (November 1999)

A unique synthetic composition and the incorporation of solid lubricants, ensures Orkot® Marine Bearings operate with an exceptionally low co-efficient of friction in seawater, grease, oil and even in dry-running conditions. ?High load tolerance - for applications including crane mast bearings and cylinder rod-end bearings. ?Water lubricated - for rudder and propeller shaft bearings. «Low friction - suited to hatch cover pads and stabilizer bearings. Orkot®Marine is manufactured within the Busak+Shamban Group by: Orkot Composites TXM MARINE SLM MARINE Installed Systems Include: Propulsion Control Steering Control Cargo/Ballast Control Electrical Monitoring and Control Simulators and Trainers 1-800-229-Floating Production Systems are to increase 48 to 66 percent between 2000 and 2005 Orkot® Marine Bearings are offered as custom-engineered components (to 0 2.2m) and as semi-finished tubes and plates with stocks worldwide. Available in three material grades to perfectly match application requirements. Classification society approvals. 24 hour service, worldwide. For immediate contact, call our Information Centre: Europe ? Middle East Phone: +39 02 806 807 28 Fax: +39 02 806 807 32 America ? Asia Phone: +l (310) 37M025; l (800) 767 -3257(within USA) Fax: +l (310) 371-3135 Busak Shamban www.busakshamban.corr iban I Offshore Report Outlook for Floating Production Systems duction systems in operation worldwide, which is an increase of nearly 67 percent over the inventory reported in Interna-tional Maritime Associates' report dated September 1996. In real terms, the increase means the addition of 49 units, broken down as such: 3 TLPs, 2 mini TLPs, 33 FPSO vessels, 9 production semis and 2 production spars. Another 54 floating storage vessels (without production capability) are cur-rently in operation. This figure includes nine units delivered since September 1996, two of which are used for LPG storage. Orders are currently in hand for 21 floating production and five storage systems. This total is two fewer produc-tion units and one less storage unit than reported in the March 1999 update, reflecting the slowdown in offshore activity over the past 18 months. Deliv-ery of the units now on order will increase the inventory of floating pro-duction systems by 20 percent. International Maritime Associates has identified 209 floating production sys-tems currently being planned are under study. These are known projects where a floating system is being considered as the production solution, some of these are in the advanced design stage ? some are at an early stage of considera-tion. Proceeding with individual project will hinge on the economics of the dis-The strong and sustained rebound in the price per barrel of oil, coupled with the economic recovery in Asia has off-shore production related companies planning for a big 2000. Following is a synopsis of a report generated by Wash-ington, D.C. -based International Mar-itime Associates Inc. which assesses the market outlook for FPSO vessels, pro-duction semis, TLPs and spars. There are currently 107 floating pro-Orkot® Marine B ' www.tano.com Circle 343 on Reader Service Card TANO has a 35 year tradition in providing marine automation systems using the latest technologies to assure lower operating costs. We specialize in tailoring a system to meet the specific needs of the vessel and to maximize the value to the customer. Corp. 5700 Citrus Blvd., Ste E New Orleans, LA 70123 Phone: 504/733-4777 Fax: 504/734-2127 Singapore Office Phone: 65-296-5421 Fax: 65-296-0451 Benefits: ? Long Term Reliability ? Worldwide parts, service, and training support ? MIL-Spec and Commercial New Construction and Retrofits Circle 292 on Reader Service Card covery, which in turn will be influenced by the expected price of oil and project development cost, not all will material-ize, and in some cases, another produc-tion solution will be selected. And there are undoubtedly other projects in the planning and study phase where infor-mation has not yet been publicly released. The current list of projects being planned or under study is a substantia] increase over the 188 projects identified in the March 1999 report, which seems to indicate that interest in projects involving floating production continues to be strong, despite the downturn in actual orders over the past several months. The Gulf of Mexico again heads the list with 52 projects, the biggest increase in planned projects since the March 1999 report. West 16 Maritime Reporter/Engineering News