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OTO 056/2000

Floating production, storage and offloading (FPSOs) - lessons learned

Floating production, storage and offloading (FPSOs) have been a popular choice in recent years for marginal, fast track or deepwater field developments world-wide. However the majority of these developments have incurred significant project delays and budget overruns as a result of commercial structure, project management and design/operating problems. The HSE commissioned IGL Engineering Ltd. to perform a study to highlight specific areas where safety concerns have arisen. The study also aims to identify the fundamental causes of problems and identify key lessons to be learned from such projects which can be used to the benefit of future developments.

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Updated 2011-01-12