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

Ray Tyson

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. Last ye....

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Used where pipe not feasible

Contracts signed with BW, OSG

First production in 2010