Marktanalyse - Floating Production Storage and Offloading (FPSO) - Global Market Analysis, Capacity Forecast and Competitive Landscape to 2014

Floating Production Storage and Offloading (FPSO) - Global Market Analysis, Capacity Forecast and Competitive Landscape to 2014

Summary

GlobalData’s new report, 'Floating Production Storage and Offloading (FPSO) - Global Market Analysis, Capacity Forecast and Competitive Landscape to 2014”, provides an in-depth analysis of the global FPSO industry to 2014. The report details all major countries, major companies and FPSOs in the various regions. The report also provides key trends and challenges in the global FPSO market and plans for FPSO deployments in different countries globally. It also details the competitive landscape globally, and details the operations of the major FPSO companies.

Scope

The report analyzes the major FPSO markets globally. The scope of the report includes -
- The report provides an overview of the FPSO industry, detailing the major countries and companies.
- It provides the major expansions and planned projects in various regions to 2014.
- It highlights the major trends and challenges for the FPSO industry.
- It also analyzes the competitive landscape in each region, detailing the major companies operating in each market.

Reasons to buy

The report will enhance your decision making capability. It will allow you to -
- Make smart investment decisions in the FPSO market by leveraging on our insights about the fastest growing, emerging markets globally.
- Identify potential investment targets based on a number of parameters and exhaustive information, with in-depth analysis of the emerging markets for FPSOs globally.
- Take prompt and effective business decisions supported by forecasts and well researched analysis of the emerging markets in the FPSO industry.
- Devise business strategy based on the competitive structure of the markets if expanding or entering into a new market with/of FPSO.
- Gain insights into competitors’ endeavours based on the planned market shares of FPSO companies in the emerging FPSO markets, including Brazil, Norway, Nigeria, the UK and Angola.
- Be informed of the recent updates and discussions of new developments in the emerging FPSO markets.


Press Release:

GlobalData’s new report, 'Floating Production Storage and Offloading (FPSO) - Global Market Analysis, Capacity Forecast and Competitive Landscape to 2014”, provides an in-depth analysis of the global FPSO industry to 2014. The report details all major countries, major companies and FPSOs in the various regions. The report also provides key trends and challenges in the global FPSO market and plans for FPSO deployments in different countries globally. It also details the competitive landscape globally, and details the operations of the major FPSO companies.

Most Oil and Gas Discoveries Recently Have been in Offshore Locations

More than half of the oil and gas discoveries during 2000-2010 were offshore. Most oil and gas companies are exploring deepwater and ultra-deepwater frontiers for new oil and gas discoveries. The main driving forces behind this trend are lack of new, large onshore discoveries and restricted access to new business opportunities in major oil and gas producing countries globally. In 2010, offshore discoveries contributed 42.4% to the total number of discoveries.

Offshore Oil and Gas Discoveries, Global, 2004-2010

Source: GlobalData

The number of offshore discoveries has been increasing over the years. In 2004 the number of discoveries made was 103, which increased to 164 in 2009, an increase of 59.2%.

Ease of Operation and Mobility has Made FPSO a Favored Option For Offshore Production Globally

FPSO vessels can be easily moored in shallow, deep and ultra-deep waters. They can operate in calm waters or can be designed to withstand harsh natural conditions in the sea. An FPSO can be easily disconnected in case of imminent danger due to storms or iceberg threats, and sailed to safe locations. FPSOs are convenient and economical for producing deepwater and/or stranded fields, fields with relatively low reserves. Once production from a well is over, the FPSO can be moved to a different location. The set up time and cost of an FPSO is less than a fixed platform.

Brazil Would Witness the Highest Expansion in FPSO Production Capacity

Brazil has the second highest proven reserves of oil and gas in South and Central America. Most of Brazil’s reserves are located in offshore areas. Currently, Brazil produces 1151.89 MMbbl of crude oil annually through FPSOs, which is the highest globally. By 2013, Brazil’s state-controlled company, Petroleo Brasileiro S.A., is expected to add four more FPSOs in the Campos basin. This would increase Brazil’s production capacity to 1.35 Bbbl (billion barrels) annually of crude oil and 994.16 bcf annually of natural gas.

Financial Downturn Since 2008 has Affected the Development of the New FPSO Market

The financial crisis of 2008 was followed by a global economic downturn, credit crunch, and reduction in cross-border lending, trade finance, remittances, and foreign direct investment, which adversely affected businesses around the world. This also led to a reduction in investment in the energy sector due to a fall in demand for energy all over the world.

FPSO projects are long-term projects, whereas in the short term the prices of oil and gas do not look very promising. Moreover, the financial crisis has led to tightening of rules and lending structures. This has led to an investment crunch for the FPSO market following 2008

1 Table of contents 3

1.1 List of Tables 5

1.2 List of Figures 7

2 Introduction 9

2.1 Market Definition 9

2.2 GlobalData Report Guide 9

3 Global FPSO Market 10

3.1 Understanding FPSOs — A Snapshot 10

3.1.1 FPSO — A Vessel 10

3.1.2 Story Behind Development of FPSOs 10

3.1.3 Building an FPSO 10

3.1.4 Working Mechanism of FPSOs 11

3.1.5 Mooring of FPSO 12

3.1.6 Benefits of FPSOs 14

3.1.7 New Method Opens Deepest Gulf of Mexico Waters to Drilling 14

3.1.8 Outlook for FPSOs 15

3.2 Global FPSO Market, Key Statistics 16

3.3 Global FPSO Market, Crude Oil and Natural Gas Production 18

3.3.1 Global FPSO Market, Crude Oil Production Capacity by Region, 2010 18

3.3.2 Global FPSO Market, Natural Gas Production Capacity by Region, 2010 19

3.3.3 Global FPSO Market, Crude Oil Production Capacity by Top Five Countries, 2010 20

3.3.4 Global FPSO Market, Natural Gas Production Capacity by Top Five Countries, 2010 21

3.4 Global FPSO Market, Crude Oil and Natural Gas Production by Companies 22

3.4.1 Global FPSO Market, Crude Oil Production Capacity by Top Five Companies, 2010 22

3.4.2 Global FPSO Market, Natural Gas Production Capacity by Top Five Companies, 2010 23

3.5 Global FPSO Market, Planned FPSOs 24

3.5.1 Global FPSO Market, Crude Oil Production Capacity Addition, 2011-2014 25

3.5.2 Global FPSO Market, Natural Gas Production Capacity Addition, 2011-2014 26

3.6 Global FPSO Market, Key Trends and Issues 27

3.6.1 Greater Number of Offshore Discoveries Drive Development in the Global FPSO Market 27

3.6.2 FPSOs Have Been Gaining Popularity for their Flexibility and Mobility 27

3.6.3 More FPSOs are Expected to Commence Operations in the Coming Years 27

3.6.4 Harsh Offshore Weather Conditions Challenge Operations of FPSOs 27

3.6.5 Global Financial Downturn has Led to an Investment Crunch in the Global FPSO Market 27

4 Asia-Pacific FPSO Market 28

4.1 Asia-Pacific FPSO Market, Key Statistics 28

4.2 Asia-Pacific FPSO Market, Crude Oil and Natural Gas Production 29

4.2.1 Asia-Pacific FPSO Market, Crude Oil Production Capacity by Country, 2010 29

4.2.2 Asia-Pacific FPSO Market, Natural Gas Production Capacity by Country, 2010 30

4.3 Asia-Pacific FPSO, Crude Oil and Natural Gas Production by Companies 31

4.3.1 Asia-Pacific FPSO Market, Crude Oil Production Capacity by Company, 2010 31

4.3.2 Asia-Pacific FPSO Market, Natural Gas Production Capacity by Company, 2010 32

4.4 Asia-Pacific FPSO Market, Planned Vessels and Capacity Expansions by Country 33

4.4.1 Asia-Pacific FPSO Market, Planned Vessels, 2011-2014 33

4.4.2 Asia-Pacific FPSO Market, Total Crude Oil Production Capacity Increase by Country, 2011-2014 33

4.4.3 Asia-Pacific FPSO Market, Total Natural Gas Production Capacity Increase by Country, 2011-2014 34

4.4.4 Key FPSOs 35

5 Middle East and Africa FPSO Market 36

5.1 Middle East and Africa FPSO Market, Key Statistics 36

5.2 Middle East and Africa FPSO Market, Crude Oil and Natural Gas Production 36

5.2.1 Middle East and Africa FPSO Market, Crude Oil Production Capacity by Country, 2010 36

5.2.2 Middle East and Africa FPSO Market, Natural Gas Production Capacity by Country, 2010 38

5.3 Middle East and Africa FPSO Market, Crude Oil and Natural Gas Production by Companies 39

5.3.1 Middle East and Africa FPSO Market, Crude Oil Production Capacity by Company, 2010 39

5.3.2 Middle East and Africa FPSO Market, Natural Gas Production Capacity by Company, 2010 40

5.4 Middle East and Africa FPSO Market, Planned Vessels and Capacity Expansions by Country 41

5.4.1 Middle East and Africa FPSO Market, Planned Terminals, 2011-2014 41

5.4.2 Middle East and Africa FPSO Market, Total Crude Oil Production Capacity Increase by Country, 2011-2014 41

5.4.3 Middle East and Africa FPSO Market, Total Natural Gas Production Capacity Increase by Country, 2011-2014 42

5.4.4 Key FPSOs 43

6 Europe FPSO Market 44

6.1 Europe FPSO Market, Key Statistics 44

6.2 Europe FPSO Market, Crude Oil and Natural Gas Production 45

6.2.1 Europe FPSO Market, Crude Oil Production Capacity by Country, 2010 45

6.2.2 Europe FPSO Market, Natural Gas Production Capacity by Country, 2010 46

6.3 Europe FPSO Market, Crude Oil and Natural Gas Production by Companies 47

6.3.1 Europe FPSO Market, Crude Oil Production Capacity by Company, 2010 47

6.3.2 Europe FPSO Market, Natural Gas Production Capacity by Company, 2010 48

6.4 Europe FPSO Market, Planned Terminals and Capacity Expansions by Country 49

6.4.1 Europe FPSO Market, Planned Terminals, 2011-2014 49

6.4.2 Europe FPSO Market, Total Crude Oil Production Capacity Increase by Country, 2011-2014 49

6.4.3 Key FPSOs 50

6.4.4 FPSO Schiehallion 50

6.4.5 FPSO Asgard A 50

7 North America FPSO Market 51

7.1 North America FPSO Market, Key Data 51

7.2 North America FPSO Market, Crude Oil and Natural Gas Production 52

7.2.1 North America FPSO Market, Crude Oil Production Capacity by Country, 2010 52

7.2.2 North America FPSO Market, Natural Gas Production Capacity by Country, 2010 53

7.3 North America FPSO Market, Crude Oil and Natural Gas Production by Companies 53

7.3.1 North America FPSO Market, Crude Oil Production Capacity by Company, 2010 53

7.3.2 North America FPSO Market, Natural Gas Production Capacity by Company, 2010 54

7.3.3 Key FPSOs 55

8 South America FPSO Market 56

8.1 South America FPSO Market, Key Data 56

8.2 South America FPSO Market, Crude Oil and Natural Gas Production 57

8.2.1 South America FPSO Market, Crude Oil Production Capacity by Country, 2010 57

8.2.2 South America FPSO Market, Natural Gas Production Capacity by Country, 2010 58

8.3 South America FPSO Market, Crude Oil and Natural Gas Production by Companies 59

8.3.1 South America FPSO Market, Crude Oil Production Capacity by Company, 2010 59

8.3.2 South America FPSO Market, Natural Gas Production Capacity by Company, 2010 60

8.4 South America FPSO Market, Planned Terminals and Capacity Expansions by Country 61

8.4.1 South America FPSO Market, Planned Terminals, 2011-2014 61

8.4.2 South America FPSO Market, Total Crude Oil Production Capacity Increase by Country, 2011-2014 62

8.4.3 South America FPSO Market, Total Natural Gas Production Capacity Increase by Country, 2011-2014 63

8.4.4 Key FPSOs 64

9 Key FPSO Companies 65

9.1 Petroleo Brasileiro S.A. 65

9.2 ExxonMobil Corporation 67

9.3 CNOOC Limited 69

10 Appendix 71

10.1 Abbreviations 71

10.2 Methodology 71

10.2.1 Coverage 71

10.2.2 Secondary Research 72

10.2.3 Primary Research 72

10.2.4 Expert Panel Validation 72

10.3 About GlobalData 73

10.4 Disclaimer 73



1.1 List of Tables

Table 1: FPSO Market, Global, Key Statistics, 2010 16

Table 2: Global Onshore Oil and Gas Discoveries, 2004-2010 16

Table 3: Global Offshore Oil and Gas Discoveries, 2004-2010 17

Table 4: Global FPSO Market, Annual Crude Oil Production Capacity by Region, MMbbl, 2010 18

Table 5: Global FPSO Market, Annual Natural Gas Production Capacity by Region, Bcf, 2010 19

Table 6: Global FPSO Market, Annual Crude Oil Production Capacity by Country, MMbbl, 2010 20

Table 7: Global FPSO Market, Annual Natural Gas Production Capacity by Country, Bcf, 2010 21

Table 8: Global FPSO Market, Annual Crude Oil Production Capacity by Company, MMbbl, 2010 22

Table 9: Global FPSO Market, Annual Natural Gas Production Capacity by Company, Bcf, 2010 23

Table 10: Global FPSO Market, Planned Vessels, 2011-2014 24

Table 11: Global FPSO Market, Crude Oil Production Capacity Addition, MMbbl, 2011-2014 25

Table 12: Global FPSO Market, Natural Gas Production Capacity Addition, Bcf, 2011-2014 26

Table 13: FPSO Market in Asia-Pacific, Key Statistics, 2010 28

Table 14: Asia-Pacific FPSO Market, Annual Crude Oil Production Capacity by Country, MMbbl, 2010 29

Table 15: Asia-Pacific FPSO Market, Annual Natural Gas Production Capacity by Country, Bcf, 2010 30

Table 16: Asia-Pacific FPSO Market, Annual Crude Oil Production Capacity by Company, MMbbl, 2010 31

Table 17: Asia-Pacific FPSO Market, Annual Natural Gas Production Capacity by Company, Bcf, 2010 32

Table 18: Asia-Pacific FPSO Market, Planned Vessels, 2011-2014 33

Table 19: Asia-Pacific FPSO Market, Crude Oil Production Capacity Increase by Country, MMbbl, 2011-2014 33

Table 20: Asia-Pacific FPSO Market, Natural Gas Production Capacity Increase by Country, Bcf, 2011-2014 34

Table 21: Middle East and Africa FPSO Market, Key Statistics, 2010 36

Table 22: Middle East and Africa FPSO Market, Annual Crude Oil Production Capacity by Country, MMbbl, 2010 37

Table 23: Middle East and Africa FPSO Market, Annual Natural Gas Production Capacity by Country, Bcf, 2010 38

Table 24: Middle East and Africa FPSO Market, Annual Crude Oil Production Capacity by Company, MMbbl, 2010 39

Table 25: Middle East and Africa FPSO Market, Annual Natural Gas Production Capacity by Company, Bcf, 2010 40

Table 26: Middle East and Africa FPSO Market, Planned Terminals, 2011-2014 41

Table 27: Middle East and Africa FPSO Market, Crude Oil Production Capacity Increase by Country, MMbbl, 2011-2014 41

Table 28: Middle East and Africa FPSO Market, Natural Gas Production Capacity Increase by Country, Bcf, 2011-2014 42

Table 29: Europe FPSO Market, Key Statistics, 2010 44

Table 30: Europe FPSO Market, Annual Crude Oil Production Capacity by Country, MMbbl, 2010 45

Table 31: Europe FPSO Market, Annual Natural Gas Production Capacity by Country, Bcf, 2010 46

Table 32: Europe FPSO Market, Annual Crude Oil Production Capacity by Company, MMbbl, 2010 47

Table 33: Europe FPSO Market, Annual Natural Gas Production Capacity by Company, Bcf, 2010 48

Table 34: Europe FPSO Market, Planned Vessels, 2011-2014 49

Table 35: Europe FPSO Market, Crude Oil and Natural Gas Production Capacity Increase by Country, MMbbl, 2011-2014 49

Table 36: North America FPSO Market, Key Statistics, 2010 51

Table 37: North America FPSO Market, Annual Crude Oil Production Capacity by Country, MMbbl, 2010 52

Table 38: North America FPSO Market, Annual Natural Gas Production Capacity by Country, Bcf, 2010 53

Table 39: North America FPSO Market, Annual Crude Oil Production Capacity by Company, MMbbl, 2010 54

Table 40: North America FPSO Market, Annual Natural Gas Production Capacity by Company, Bcf, 2010 54

Table 41: South and Central America FPSO Market, Key Statistics, 2010 56

Table 42: South and Central America FPSO Market, Annual Crude Oil Production Capacity by Country, MMbbl, 2010 57

Table 43: South and Central America FPSO Market, Annual Natural Gas Production Capacity by Country, Bcf, 2010 58

Table 44: South and Central America FPSO Market, Annual Crude Oil Production Capacity by Company, MMbbl, 2010 59

Table 45: South and Central America FPSO Market, Annual Natural Gas Production Capacity by Company, Bcf, 2010 60

Table 46: South and Central America FPSO Market, Planned Vessels, 2011-2014 61

Table 47: South and Central America FPSO Market, Crude Oil Production Capacity Increase by Country, MMbbl, 2011-2014 62

Table 48: South and Central America FPSO Market, Natural Gas Production Capacity Increase by Country, Bcf, 2011-2014 63

Table 49: Petroleo Brasileiro S.A., FPSO Assets, 2010 66

Table 50: ExxonMobil Corporation, FPSO Assets, 2010 68

Table 51: CNOOC Limited, FPSO Assets, 2010 70



1.2 List of Figures

Figure 1: Working Mechanism of FPSO 11

Figure 2: Spread Mooring of FPSO 12

Figure 3: Internal Turret Mooring of FPSO 13

Figure 4: External Turret Mooring of FPSO 14

Figure 5: Global FPSO Market, Countries with Planned FPSOs 15

Figure 6: Global Onshore Oil and Gas Discoveries, 2004-2010 16

Figure 7: Global Offshore Oil and Gas Discoveries, 2004-2010 17

Figure 8: Global FPSO Market, Annual Crude Oil Production Capacity by Region, MMbbl, 2010 18

Figure 9: Global FPSO Market, Annual Natural Gas Production Capacity by Region, Bcf, 2010 19

Figure 10: Global FPSO Market, Annual Crude Oil Production Capacity by Country, MMbbl, 2010 20

Figure 11: Global FPSO Market, Annual Natural Gas Production Capacity by Country, Bcf, 2010 21

Figure 12: Global FPSO Market, Annual Crude Oil Production Capacity by Company, MMbbl, 2010 22

Figure 13: Global FPSO Market, Annual Natural Gas Production Capacity by Company, Bcf, 2010 23

Figure 14: Global FPSO Market, Crude Oil Production Capacity Addition, MMbbl, 2011-2014 25

Figure 15: Global FPSO Market, Natural Gas Production Capacity Addition, Bcf, 2011-2014 26

Figure 16: Asia-Pacific FPSO Market, Annual Crude Oil Production Capacity by Country, MMbbl, 2010 29

Figure 17: Asia-Pacific FPSO Market, Annual Natural Gas Production Capacity by Country, Bcf, 2010 30

Figure 18: Asia-Pacific FPSO Market, Annual Crude Oil Production Capacity by Company, MMbbl, 2010 31

Figure 19: Asia-Pacific FPSO Market, Annual Natural Gas Production Capacity by Company, Bcf, 2010 32

Figure 20: Asia-Pacific FPSO Market, Crude Oil Production Capacity Increase by Country, MMbbl, 2011-2014 33

Figure 21: Asia-Pacific FPSO Market, Natural Gas Production Capacity Increase by Country, Bcf, 2011-2014 34

Figure 22: Middle East and Africa FPSO Market, Annual Crude Oil Production Capacity by Country, MMbbl, 2010 36

Figure 23: Middle East and Africa FPSO Market, Annual Natural Gas Production Capacity by Country, Bcf, 2010 38

Figure 24: Middle East and Africa FPSO Market, Annual Crude Oil Production Capacity by Company, MMbbl, 2010 39

Figure 25: Middle East and Africa FPSO Market, Annual Natural Gas Production Capacity by Company, Bcf, 2010 40

Figure 26: Middle East and Africa FPSO Market, Crude Oil Production Capacity Increase by Country, MMbbl, 2011-2014 41

Figure 27: Middle East and Africa FPSO Market, Natural Gas Production Capacity Increase by Country, Bcf, 2011-2014 42

Figure 28: Europe FPSO Market, Annual Crude Oil Production Capacity by Country, MMbbl, 2010 45

Figure 29: Europe FPSO Market, Annual Natural Gas Production Capacity by Country, Bcf, 2010 46

Figure 30: Europe FPSO Market, Annual Crude Oil Production Capacity by Company, MMbbl, 2010 47

Figure 31: Europe FPSO Market, Annual Natural Gas Production Capacity by Company, Bcf, 2010 48

Figure 32: Europe FPSO Market, Crude Oil Production Capacity Increase by Country, MMbbl, 2011-2014 49

Figure 33: North America FPSO Market, Annual Crude Oil Production Capacity by Country, MMbbl, 2010 52

Figure 34: North America FPSO Market, Annual Natural Gas Production Capacity by Country, Bcf, 2010 53

Figure 35: North America FPSO Market, Annual Crude Oil Production Capacity by Company, MMbbl, 2010 53

Figure 36: North America FPSO Market, Annual Natural Gas Production Capacity by Company, Bcf, 2010 54

Figure 37: North America FPSO Market, FPSO Terra Nova 55

Figure 38: South and Central America FPSO Market, Annual Crude Oil Production Capacity by Country, MMbbl, 2010 57

Figure 39: South and Central America FPSO Market, Annual Natural Gas Production Capacity by Country, Bcf, 2010 58

Figure 40: South and Central America FPSO Market, Annual Crude Oil Production Capacity by Company, MMbbl, 2010 59

Figure 41: South and Central America FPSO Market, Annual Natural Gas Production Capacity by Company, Bcf, 2010 60

Figure 42: South and Central America FPSO Market, Crude Oil Production Capacity Increase by Country, MMbbl, 2011-2014 62

Figure 43: South and Central America FPSO Market, Natural Gas Production Capacity Increase by Country, Bcf, 2011-2014 63

Figure 44: Petroleo Brasileiro S.A., FPSO Assets, 2010 65

Figure 45: ExxonMobil Corporation, FPSO Assets, 2010 67

Figure 46: CNOOC Limited, FPSO Assets, 2010 69

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