High industry costs hitting oil players in the pocket has also led to some “overheating” in the floater space, although many high-value projects are already well under way, the report from International Maritime Associates (IMA) said.
There are 322 floating production units in service worldwide, 65% of which are floating production, storage & offloading units, according to IMA. Some 75% of floaters on order are FPSOs, with 28 liquefied natural gas processing systems also on order.
