No roadblocks seen to use of FPSOs in Gulf of Mexico

A 2-day workshop by offshore industry participants and government regulators in Houston late last month found "no identifiable roadblocks" barring use of floating production, storage, and offloading (FPSO) vessels in development and production of deepwater oil projects in the Gulf of Mexico.While "some hurdles" and technical issues still must be addressed, said Peter M. Lovie, vice-president of business development at American Shuttle Tankers LLC, Houston, the primary focus among industry representatives now is on the economics of an FPSO project in the gulf's deep waters, vs. using a pipeline or some other means of transporting the oil ashore. "That's a major shift from the issue...

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