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requirements – with 38 projects in the some further out. Of the total, eight

Production Floaters Now Being Built

Included among the 29 production planning queue. Other major locations projects are at the bidding or contract ? oaters now being built are 22 FPSOs, with ? oater projects in the planning negotiation stage. Another 10 are in the six production semis and a production stage are Africa (30 projects), Southeast near term investment queue and eight barge. A third of these units are well Asiea (16 projects), Northern Europe are in front-end engineering design into the construction program, with pro- (12 projects) and the Mexico/US Gulf (FEED) stage. Another 79 projects are duction start planned in 2020/21. Two- of Mexico (10 projects). further out in the planning stage – either thirds are more recent contracts where Some of the projects are near term, in development concept de? nition (45), construction is at an earlier stage and production start is planned in 2022/24.

Seven (32%) of the 22 FPSOs being built are for use offshore Brazil. The rest are for use offshore West Africa (three), Guyana (two), Northern Europe (two), India (two) – and Mexico, Israel,

China and Australia (one unit each).

The remaining two FPSOs are specula- tive hulls that at the moment have no ? eld assignment – but are likely to be used on future contracts in Guyana or

Brazil.

Thirteen of the FPSOs are being built on new hulls. Nine are conver- sions or upgrades to existing units.

China is clearly the major location for

FPSO construction and conversions.

Eighteen of the 22 FPSOs on order are partially or fully contracted to Chinese yards. Singapore has retained second position, with three orders. One FPSO contract has been placed in Korea. Top- sides plant fabrication and integration is spread over a variety of contractors in

Asia, Europe and Brazil.

Five of the six production semis now being built are destined for use in the

Gulf of Mexico. The remaining unit is for use offshore China. Construction of these semis is divided among builders in Korea, China and Singapore – each location having two production semi contracts. Some topside fabrication and integration is being performed in the

US.

Projects in the Planning Stage

We have been tracking 130 projects in the planning stage that are likely to re- quire a production ? oater for develop- ment. They include 118 projects where an FPSO is the likely production solu- tion, 12 where a production semi is like- ly to be required. Brazil is the dominant location for future production ? oater www.marinelink.com 25

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