Floating production systems
The $5.1 billion ultradeepwater project is Angola’s first integrated cross-block development and sits at the top of Azule’s Southern African portfolio.
The Coral Norte FLNG is to be the mirror image of the Coral Sul unit, which shipped its first cargo in 2022 after it was put into service in Area 4 offshore Mozambique.
The new technology, recently highlighted at OTC, has received a statement of maturity from ABS.
-
Offshore engineering companies are taking existing technologies and lessons learned from floating rigs to create a new platform design that will allow drilling in deeper waters. -
The new Olympus tension leg platform (TLP) is the largest in the US Gulf of Mexico, with more than twice the displacement of the neighboring Mars TLP. It marks a leap forward in safety, improved operation time, and increased production capacity.
-
Expenditures for floating production systems are expected to more than double in the next five years. This growth is driven by multiple factors.
-
Investments in floating production systems are expected to increase sharply over the next five years, driven by a surge in installations.
Page 24 of 24