SPECIAL REPORT: Growth of floating production systems accelerates

05/05/2008
Floating production systems continue to grow in number as the oil and gas industry finds fields that without these systems would not be technically or commercially feasible to develop.In just over 3 decades, floating production systems have evolved from relatively simple units producing from a single well in 100 m of water to massive facilities capable of handling 250,000 bo/d of production from a complex subsea network of wells in water deeper than 1,000 m.Floating production technology has enabled such countries as Angola, Nigeria, and Brazil to become major global oil producers and has kept alive production in the North Sea and Gulf of Mexico.In its latest floating production system up...
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