Floating facility role expands

Floating production facilities in the past primarily functioned as fast-track alternatives for producing marginal reservoirs or as temporary facilities to accelerate production start-up. But as discoveries moved into deeper water and more remote areas, deployment of a floating production system (FPS) many times has been the only option for exploiting the discovered resources.Deepwater floating facilities have also taken on a role similar to that of a fixed platform and now act as regional hubs, particularly in the Gulf of Mexico, for tying in new subsea discoveries to an existing pipeline or offloading infrastructure.As discussed in the special report on floating production systems, start...

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