Floater outlook a good omen

THE floating facilities market is expected to pick up speed and hit record levels within six years, after a horror 2016 that saw a record decline, although there are risks it could fall further, analysts say.

Floater outlook a good omen Floater outlook a good omen Floater outlook a good omen Floater outlook a good omen Floater outlook a good omen

Phased FPS capex by region 2012-2021.

The floater market is struggling in what is arguably the most dramatic downturn in the history of offshore drilling, with a record 29% decline from 225 units on contract in 2015 to 159 in 2016.