North Sea attracts army of floating production units

Rise in offshore projects hasled to soaring demand for these scarce vessels

Martyn Wingrove - Thursday 21 August 2008

HIGH oil prices have led to a rise in the number of oil projects off northwest Europe that require the services of floating production systems.

Since the mid-1980s there has been a steady stream of new floater projects emerging from Norway as Norwegian companies continued to develop their large fields in midwater depths, but there was less activit...

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