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development of offshore  fields  in deep waters  worldwide. These
                            include  FPSOs  or  FSOs  operating  in  harsh  environmental  areas
                            and  also  waters  of  more  than  1,000m  depth;  see  FSO/FPSO
                            performance records by Single Buoy Moorings, Inc. for examples.
                                   It is hard to say with precision exactly when ship-shaped
                            units made their appearance on the offshore oil scene. Certainly,
                            oil  storage  and  shuttle  tanker-mooring  facilities  using  converted
                            trading  tankers  existed  in  the  late  1960s.  The  first  such  vessels
                            were  connected  by  hawsers  to  catenary  anchor  leg  mooring
                            (CALM) systems.
                                   These  then  evolved  into  the  now  more  familiar  systems
                            employing  single-point  mooring,  where  the  FSO  Ifrikia  was
                            permanently  moored  to  a  buoy  via  a  rigid  arm  (rather  than  a
                            hawser)  in  the  early  1970s,  with  a  concomitant  increase  in
                            operational reliability and reduced downtime.
                                   The first dedicated FPSO application offshore was by Arco
                            in  the  Ardjuna  field  in  the  Java  Sea  offshore  Indonesia  in  1976
                            (D’Souza et al. 1994). Interestingly, this was a concrete barge with
                            steel  tanks,  used  to  store  refrigerated  liquefied  petroleum  gas
                            (LPG) moored to a buoy using a rigid arm system in 42.7m water
                            depth.  The  first  tanker-based  single-point  moored  FPSO  facility
                            for oil is said to be the Castellon for Shell offshore Spain in 1976.
                            This  facility was  meant to produce oil  from a  subsea  completed
                            well, some 65 km offshore Tarragona. It began operations in 1977,
                            and was designed for a 10-year field life.
                                   Compared to these early days, floating production systems
                            have now evolved to a mature technology that potentially opens up
                            the development of offshore oil and gas resources that would be
                            otherwise impossible or uneconomical to tap. The technology now
                            enables  production  far  beyond  the  water-depth  constraints  of
                            fixed-type offshore platforms and provides a flexible solution for
                            developing short-lived fields with marginal reserves and fields in
                            remote  locations  where  installation  of  a  fixed  facility  would  be
                            difficult.
                                   Generally ship shaped floaters with provisions for storing
                            and  offloading  of  oil  simultaneously.  They  may  be  designed  to
                            weathervane so that they always face the weather, minimising roll
                            and heave motions. In benign environments such as West Africa
                            and South East Asia, the FPSO may be spread moored to face one
                            direction at all times.
                                   Some  FPSOs  for  Brazil  have  been  designed  to  semi-
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