Use of floating production systems up 38%

Floating Production Systems in Operation Worldwide [82,548 bytes] Floating Production Systems Planned or Under Study [94,500 bytes] There are now 88 floating production systems (FPSs) in use worldwide-an increase of 38% from the number operating only 18 months ago. This is the conclusion of a report by International Maritime Associates Inc. (IMA), Washington, D.C. "Radical changes have been taking place in the offshore sector that have reduced the cost of finding and lifting oil by 40% since the early 1990s," said IMA. "Of particular importance is the growing role of floating production systems. "These systems have proven to be a cost-effective way to ac...

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