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period. The main types of floating production systems are FPSO
           (floating  production,  storage,  and  offloading  system),  FSO
           (floating storage and offloading system), and FSU (floating storage
           unit).
                Tension-leg  Platforms,  consist  of  floating  rigs  tethered  to
           the seabed in a manner that eliminates most vertical movement of
           the  structure.  TLPS  are  used  in  water  depths  up  to  about  6,000
           feet.  The “conventional” TLP is a 4-column design which looks
           similar  to  a  semisubmersible.  Proprietary  versions  include  the
           Seastar and MOSES mini TLPs; they are relatively low cost, used
           in water depths between 600 and 3,500 feet. Mini TLPs can also
           be used as utility, satellite or early production platforms for larger
           deepwater discoveries.
                Spar  Platforms,  moored  to  the  seabed  like  the  TLP,  but
           whereas  the  TLP  has  vertical  tension  tethers  the  Spar  has  more
           conventional  mooring  lines.  Spars  have  been  designed  in  three
                                                     configurations:    the
                                                     "conventional"    one-
                                                     piece  cylindrical  hull,
                                                     the "truss spar" where
                                                     the    midsection    is
                                                     composed  of  truss
                                                     elements  connecting
                                                     the upper buoyant hull
                                                     (called  a  hard  tank)
                                                     with  the  bottom  soft
                                                     tank        containing
                                                     permanent ballast, and
                                                     the  "cell  spar"  which
                                                     is  built  from  multiple
                                                     vertical cylinders. The
           Spar may be more economical to build for small and medium sized
           rigs than the TLP, and has more inherent stability than a TLP since
           it has a large counterweight at the bottom and does not depend on

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