The fifth Edition of this Floating Production Market Report, published by Infield Energy Analysts, provides a world wide in-depth analysis of the global floating production systems sector.

The Global Perspectives Floating Production Systems Market Update Report 2009-2013 is an in-depth independent analysis of the global floating production system market. This is the fifth edition published by Infield Energy Analysts and has been updated to include new prospects, to provide a global five year forecast from 2009.

This is the only world wide market report for this sector that not only uses the list of announced floating production system prospects from the Infield Offshore Energy Database, but also uses a detailed analysis of the fields discovered which are being planned or considered for Floating Production system development. This allows Infield's analytical team to provide detailed and comprehensive forecasts over five & ten year periods for floating production system units and values which are unavailable from other sources.

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Report Overview:

Infield Energy Analysts forecast that over the period 2009 through to 2013 the total global floating production systems market is set to exceed US$85bn, which is an increase of US$32bn over the previous five years. Even taking into account recent market turmoil, project delays and deferrals, over the period a total of 229 units are expected to be installed with Asia (61) leading the way with Latin America (46) and Africa (43) following. As expected Petrobras is the most active player with an expected US$15bn expenditure, followed by Total, Chevron, Shell, ExxonMobil and BP. FSPO's will command the majority of the expenditure within this sector with expenditure likely to be US$48.6bn of which 45% will be new builds and 55% conversions.

There are currently three main interrelated areas of concern in the contemporary global oil and gas market: potential future under-investment, declining revenues of oil and gas companies due to falling oil prices and the credit crunch leading to recall or repayment of loans as well as the lack of financing.

However, it is important to distinguish between the short-term and long-term prognoses for the industry. The lack of credit and a falling oil price are considered short-term. Longer term, it is expected that new offshore oil and gas developments will continue to face strong market fundamentals. A tightness in supply and decreasing reserve replacement ratios means that accessing new hydrocarbon reserves will remain a priority for oil companies even if demand stays stationary.

Under these circumstances the industry is moving towards deep and ultra-deepwater developments in much more severe environments demanding the use of advanced technology. Deepwater activity is forecast to grow and this is a crucial factor for floating production market growth to 2013.

Who should buy this report?

Infield has provided reports to a wide cross section of the offshore oil and gas industry, including E&P companies, contractors, manufacturers, government agencies and the
financial community. Within these organisations the reports have been purchased by senior managers and engineers, analysts,
consultants and government executives.

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