Spike in Floater Orders, as Demands Ease

For a range of reasons not all related to costs, offshore operators have stated their preference for floating production with a recent slew of orders, a report by dedicated floating production watchers said this week.

The world’s floating production supply chain — especially those offering front-end engineering and fabrication — can point at the end of November to a two-month surge in orders that accrued to $8 billion worth, the authors of World Energy Reports’ Floating Production Report assert. Five production floaters and a storage unit were ordered, and frontier deepwater — devoid of pipelines and too remote for all but shuttle-tanking — led the way.

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