Floating production systems
The new technology, recently highlighted at OTC, has received a statement of maturity from ABS.
Equinor said it found between 14 million and 24 million BOE with its most recent exploration well in the Polynya Tubåen prospect.
The project partners and the Newfoundland and Labrador government reach agreement over life-of-field benefits, royalties, and an equity option, moving development toward sanction in 2027.
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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.
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