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Offshore Market (continued from page 32) decision is not expected before 2001, there is significant opposition to the deployment of FPSO vessels in the Gulf, due mainly to the environmental concern — real or perceived — which comes with offshore storage operations. According to a recent report from Washington, D.C.- based International Maritime Associates, there are cur- rently 107 floating production systems in operation worldwide, which is an increase of 67 percent over the total tallied in September 1996. At the time of the report (November 1999), orders were in hand for 21 floating production and five storage systems. Another 54 float- ing storage vessels (without production capability) are currently in operation. Operating Inventory of Floating Production Systems Worldwide Tension Leg Platforms 11 Production Semis 32 FPSO vessels 6 Production Spars 2 Source: International Maritime Associates (IMA) Looking ahead, International Maritime Associates projects orders to 62 to 84 additional floating production systems to meet installation requirements by the end of 2005, with FPSOs counting for about 70 percent of the new units, and the balance being production semis, TLPs or spars. Capital expenditures for these new sys- tems will total $17.3 to $23.8 billion over the next five years. Forecast of Orders for Floating Production Units - Next 5 Years Type FPSO Semis TLPs Spars 5-yr Total Annual Avg. No. Units Estimated Capex (SB) High Low High Low 58 46 $14.9 $11.8 5.. 2 1.9 0.8 12... 8 4.3 2.9 9 6 2.7 1.8 84 62 $23.8 17.3 17 12 4.8 3.5 49 Floating Production and 9 Storage Systems have been installed since September 1996 H=J* OS-jO 4 4 iL j J a / Vf £>J> 1 Wf 1 1 1 dfcOb \olt includes i production tmils relocated jrom other fields Source: International Maritime Associates (IMA) 8238 129th Street, Surrey, British Columbia, Canada V3W 0A6 E-mail: sales@kobelt.com Website: www.kobelt.com Sales: 604.590.7313 Fax: 604.590.8313 itv control harbor tugs, and a wide variety of other commercial vessels have been using Kobelt controls to get the job done. Our die-cast bronze components and stainless steel hardware make our products rugged, reliable and has been producing high quality marine controls and steering for over 35 years. We back every one of our products with a 5 year warranty, along with world-wide sales and support. Contact us today! THE FUTURE IN NOZZLE SYSTEMS IS RIGHT HERE, RIGHT NOW RICE SPEED NOZZLE SYSTEM Over Kort 37 using 9.5% less power. Results certified by Bureau Veritas. • 8.4% more free running speed • 12.7%more bollard pull ahead • 7.9% more bollard pull astern Tugboat NeelTJEP, 98' length (2) 1950hp., (2) 106" I.D. Rice speed systems • 13 knots free running speed • 61.3 tons bollard pull ahead (35.2 lbs/hp) • 42 tons ballard pull astern (23.69 lbs/hp) Identical sister boat (2) 2150 hp, (2) 103" I.D. Kort 37 Nozzles • 12 knots free running speed • 54.4 tons bollard pull ahead (28.33 lbs/hp) • 38 tons bollard pull astern (19.95 lbs/hp) RICE PROPELLERS tel: 011 (526) 983-65-52 e-mail: riceprDpellers@red2000.com.mex Mazatlan, Sin., Mexico fax: 011 (526)984-25-33 www.ricepropellers.com.mex April, 2000 Circle 214 on Reader Service Card Circle 232 on Reader Service Card 35
