Page 18: of Maritime Reporter Magazine (February 2024)

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Floating Production

White Paper.

Floating Production –

A growing segment in transition © AdobeStock_Dolores Harvey

The specialized deepwater oil & gas and ? oating offshore wind segments will share many of the same stakeholders and supply chains, competing for increasingly scarce resources.

By Philip Lewis, Director of Research, Intelatus

The established ? oating production segment is forecast to globally by the end of 2023. Over 185 new ? oaters will be in- experience continued growth through this decade, driving stalled by the end of 2030, of which 70% will be FPSOs, close demand for, among other things, moorings, subsea systems, to 20% FLNGs and ? oating production units without storage umbilicals, risers, ? owlines and the large anchor handlers and (semi-subs, TLPs and spars) over 10%. subsea support vessels that will install and maintain the ele- We forecast that more than two thirds of new ? oating pro- ments. duction units installed between 2024 and 2030 will be located

At the same time, the ? oating wind segment will move from in South and Central American countries, of which Brazil and demonstration and pilot scale projects to pre-commercial and Guyana will account for around 90% of the share of units. commercial scale arrays and will consume large amounts of

FLOATING PRODUCTION SYSTEM FLEET mooring components and dynamic electrical cables as well as

DEPLOYMENT BY REGION (2024-2030) the large anchor handler and subsea support vessel capacity that will install and maintain the elements.

Much of the new ? oating wind supply chain will leverage the existing ? oating oil & gas supply chains. Players experi- enced in deepwater oil & gas operations, whether develop- ers, EPCI contractors or component and service suppliers, will ? nd a growing opportunity to leverage their skills in the emerging ? oating wind segment.

These are the ? ndings of a new whitepaper produced by

Intelatus Global partners entitled “Floating Production and

Floating Wind – increasingly close segments”.

A Growing Floating Production Segment

According to the latest Intelatus deepwater ? oating produc- tion forecast, ? oating production activity in the oil & gas sec- tor is set to grow at an average 25 ? oaters per year through 2030, and the foundations are in place for continued activity through the next decade.

There will be over 260 ? oating production systems installed

Source: Intelatus 18 Maritime Reporter & Engineering News • February 2024

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