U.S. Gulf to get first FPSO
Contracts include two oil shuttle tankers for ‘ultra-deepwater’ Cascade, Chinook discoveries; five years since MMS approved methods for use of floating production, storage, offloading systems
For Petroleum News
Some five long years have passed since the U.S. Minerals Management Service approved controversial rules and regulations governing the use of floating production, storage and offloading systems, known as FPSOs, in the Gulf of Mexico. But wait no longer. The Gulf has its first serious taker.
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Used where pipe not feasible
Contracts signed with BW, OSG
First production in 2010
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