Global Offshore Prospects - Douglas-Westwood
Global Offshore Prospects - Douglas-Westwood
Global Offshore Prospects - Douglas-Westwood
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Long-term growth in floating production systems141210AfricaAustralasiaLatin AmericaNorth AmericaOrder YearAsiaE. Europe & FSUMiddle EastWestern Europe$ billion864202004 2005 2006 2007 2008 2009 2010 2011 2012 2013<strong>Global</strong> Floating Production Expenditure 2004-2013Source: <strong>Douglas</strong>-<strong>Westwood</strong>• Material decrease in orders in 2009 expected• Impact of project delays – $14 billion of projects slipped• <strong>Global</strong> FPS market to be worth $50 billion over 2009-2013 period• Increasing share of market to leased FPSOs. Consolidation likely• Presently too many builds, too few opportunities• Long term >200 prospects exist and growth will recover22
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