Floating Production Systems Market Bounces Back on Recovering Oil Prices

Home Community Industry News Floating Production Systems Market Bounces Back on Recovering Oil Prices

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    Greensea Systems
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    Orders for production floaters have bounced back over the past month driven by rising crude prices, according to Jim McCaul, head of offshore business intelligence firm World Energy Reports.

    McCaul bases his assessment on data in a new floating production systems report prepared by World Energy Reports. The report provides details for 206 floater projects in the planning stage, 44 production or storage floaters now on order, 307 floating production units currently in service and 44 production floaters available for redeployment contracts.

    As detailed in the report, three production floaters have been ordered since late February. BW Offshore received a contract to supply Read more by visiting MarineLink.com

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