Use of floating production systems escalates

There are 107 floating production systems (FPSs) in operation worldwide-an increase of 67% over the number operating 3 years ago. And this increased growth is expected to continue into the next decade.The 3-year increase in the global FPS inventory was reached through the installation of 49 units: 22 floating production, storage, and offloading (FPSO) vessels, 9 production semisubmersibles, 3 tension-leg platforms (TLPs), 2 mini-TLPs, and 2 production spars.These are among the findings of a study by International Maritime Associates Inc. (IMA), Washington, DC."...We see no slowdown of growth in this sector," said IMA. "Our forecast calls for the inventory of operating units to grow 48-66%...

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