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FPSO other new data), but it increases costs regards to FPSOs – no matter the location – are issues with mooring and limits the availability of good quali- lines and the degradation of either ? ed engineers.

the ropes or chains. What are some

Peter Lovie:

Every time the offshore business gets busy this kind of discus- sion starts again. It is part of life, how things get dif- ? cult and when the going gets tough, the tough get going, to paraphrase Vince

Lombardi.

The radical shift to much larger and more complex FPSOs was addressed at last year’s forum and will be again this year. CAPEX obvi- ously goes way up when the vessel is so much bigger and badder– but is it really a matter of “cost escalation”? Naturally supply and demand causes some escalation on unit rates as we saw in industry indexes during 2007-2009 when they rose and then came back down. There’s a matter of what we de? ne as “cost escalation.”

OE :Over the past two years, one topic that continues to pop up in

The FPSO Cidade de Paraty operating in the ? eld.

Photo courtesy of

Petrobras News Agency.

FPSO market forecast

Energy analysts Douglas-Westwood esti- content requirements that can result in mates in its World Floating Production increased costs; and general in? ation

Market Forecast that US$91 billion will within the o