SBM Offshore has seen strong traction from its Fast4Ward floating production, storage and offloading vessel design.
The company will cut steel this summer on the third FPSO built to Fast4Ward specifications, which call for a standard hull and modular topsides, a concept that aims to bring first oil to customers more quickly.
The Dutch floater specialist is optimistic that it can see another success story by applying a similar design approach to semi-submersible floating production facilities, a field development solution far more common in the US Gulf of Mexico than FPSOs.
