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the Petrojarl Foinaven and is building the FPSO vessel for the

Captain field. In 1993, Astano delivered Gyphon A. • AESA Cadiz: The southern

Spanish shipyard has been anoth- er major player in FPSO work.

The yard is currently converting

Cairu for use as an FPSO vessel in

Brazil's Marlim field. Cadiz also converted the Uisge Gorm to an

FPSO vessel for the Fife field. • FELS: A long-time major player in rig construction, this

Singaporean yard has established a very active presence in floating production fabrication. The yard is currently finishing the SPU 380, an FPSO vessel speculatively ordered by Smedvig that has been sold to Esso Norge for use in the

Balder field. FELS is also building two FPSO vessels for Statoil and

Saga, one for the Nome field, the other for the Varg field.

While there is some overlap with ship shape builders, a differ- ent set of players is generally involved in fabricating semi-sub- mersible, TLP, spar and barge pro- duction systems. For example, some of the players are: • Aker: The Norwegian company fabricated topsides for the Snorre

TLP, constructed the concrete hull for the Heidrun TLP and is cur- rently building the production semi-submersible hull for the

Njord field. • Fincantieri: The production semisubmersible, Spirit of

Columbus, has been built by this

Italian yard. The unit has not yet found employment. • Kvaerner: This Norwegian com- pany built the Troll Olje produc- tion semi-submersible hull.

Kvaerner has been actively pro- moting designs for a production ship and a variety of floating semi- submersibles, TLPs and produc- tion spars constructed of concrete.

The turret mooring system in an

FPSO is a major component of total capital expenditure. There are a number of companies active in supplying this equipment, including: • Single Buoy Moorings (SBM):

This Swiss company has delivered more than three dozen mooring systems for FPSOs or FSOs. It is currently contracted to supply the turret mooring for the Guille- mot/Teal FPSO and is working with Saipem on the conversion of

Agip Firenze. SBM is a subsidiary of the Dutch parent company IHC

Caland. • IMODCO: This U.S. company pioneered development of the sin- gle point mooring system, having delivered more than 120 CALM terminals since 1958. More than 20 mooring systems have been sup- plied for FPSOs/FSOs and the company is now supplying SPT turrets for the Tantawan FPSO and Maxus Intan FSO. IMODCO has been a subsidiary of IHC

Caland since 1990. • SOFEC: The U.S.-based company is supplying the internal turret system for the upgraded PP

Moreas, the internal turret for the

Liuhua FPSO and external turrets

May, 1996 for both the Escravos barge and

Maui B FPSO vessel. SOFEC is a subsidiary of FMC Corporation. • Frank Mohn/Statoil: Working with Statoil, the Norwegian pump and offshore equipment manufac- turer Frank Mohn has developed a submerged turret loading system that has been installed on eight shuttle tankers to date. The con- cept is being promoted for use in multi-purpose shuttle/production tankers.

IMA believes that this is a mar- ket which should be examined by many companies for new business opportunities. It is a rapidly grow- ing market sector, and the vessels have a large electrical require- ment, utilize sophisticated moor- ing devices, incorporate an exten- sive cargo pumping system, require elaborate control systems and frequently need dynamic posi- tioning capability.

RECEIVING THE REPORT

IMA's new study — Floating Production Systems— pinpoints information needed by business planners and provides a road map to this attractive, growing business sector. The report is available from IMA

Associates for $675. To order: IMA Associates, 600

New Hampshire Ave., NW, Washington, D.C. 20037,

USA; tel: (202) 333-8501, fax: (202) 333-8504.

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