ExxonMobil to use FPSO vessels for deepwater developments offshore Nigeria in West Africa - July 07, 2002

Providing coverage of Alaska and northern Canada's oil and gas industryJuly 2002

Vol. 7, No. 27

Week of July 07, 2002

ExxonMobil to use FPSO vessels for deepwater developments offshore Nigeria in West Africa

Petroleum News Alaska Staff

Exxon Mobil Corp. said June 27 that it will use an innovative, generic FPSO — floating production, storage and offloading — concept to accelerate the production from new deepwater fields.

The vessels, designed an early production system, will allow it to economically develop offshore resources with less development time between discovery and first production, ExxonMobil said.

Three of the vessels are being built for use offshore West Africa with the first expected to leave Singapore late this summer for use at the Yoho development offshore Nigeria.

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