Page 43: of Maritime Reporter Magazine (January 2002)

Floating Production Systems a series of business reports on floating production systems to be published in November 2001, March 2002 and July 2002 $1,400 for the report series

Order backlog - Despite the recent downturn in the offshore sector, there has been no decline in activity involving new floating production systems. Between

July and November 2001, 9 additional floating pro- duction systems were ordered - and the backlog of orders as of November remained at a four-year high of 37 units. The November report provides details on who's building what.

Order Backlog for Floating Production Systems

Remains at 37 Units -Sep '9(Feb '9Uun '9T)ct ')Xlul ''"Sov '9Riar '94>ec '99Vpr 'Otfep 'Web 'Otlul '(11

No. of! nits On Order As Of 175 Projects Involving Floating Production Systems are Planned or Under Studv l lira-Deep., ater >5000'

Deepwater HHHI -5IMMI' • MHKr vwt.r depth

Calf of Mexico

Five-year forecast - The November report provides a totally updated five-year forecast of orders for floating production systems. We identify the likely number of additional FPSOs, production semis,

TLPs and spars to be required - along with the capex associated with the orders. We believe this forecast of equipment requirements will be helpful to anyone involved in this business sector.

New projects - We have identified 175 projects in the design or planning stage that potentially require a floating production system. A listing of these projects is provided in the November report, along with their location, water depth and likely production solution. In the report, we also provide details for more than 50 projects in the planning or design stage and discuss developments involving 30 more systems on order or producing.

FPSO Vessel Requirements Will Grow Strongly

Over the Next Five Year

High

Forecast 'SO Installation* iid-2003 Counting :ls Sow on Order

Low

Forecast " *

Actual

Number of Installed I nits 0

TVWWKW " n «i. w.,c.,*i.,rL »WHUiii[iiini'ni'ii' n OI.TI. •

As of January F.ach Year

To order the report series - Just fax your order to 1 -202-333-8504 or e-mail your request to [email protected]. We will provide the reports via e-mail or hard copy, depending on your preference. If you would like more details on the reports, please visit our website at www.imastudies.com.

International Maritime Associates, Inc. - 700 New Hampshire Ave., NW - Washington, DC 20037 USA

Tel: 202-333-8501 - Fax: 202-333-8504 - E:mail: [email protected] - Website: www.imastudies.com