Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
A wave of change is coming to the offshore oil and gas production industry. Offshore drilling activity has reached historic levels, pushing to deeper water depths, with wells of increasing complexity. This trend is driving an unprecedented increase in demand for floating production units at a time when the production market is in a state of flux.
Floating Production, Storage and Offloading (FPSO) operators currently face economic difficulties that challenge the existing business model. The difficulties in defining the scope and project budgets for an FPSO have resulted in cost overruns and longer delivery times, leading to a higher risk in the Lease and Operate contracts. Consequently, there is unexpected residual value on assets and a decrease in financial performance. All of these factors have combined to make it difficult for the operator segment to “lift” new projects and support the increasing demand. As such, there is an FPSO supply gap in the market today.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
London - March 11-13
Kuala Lumpur - March 25-28
The Woodlands, TX - April 1-3
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.