Use of a leased FPSO reduces the field operator’s capital expenditure and leaves the residual value risk of the FPSO with Prosafe Production.

When a client develops a field by use of a leased FPSO, this implies that Prosafe Production converts, owns and operates the production facilities. Once the need for the FPSO on the field has expired, Prosafe Production will demobilise the vessel and move it to another development under a new contract.

Prosafe Production's lease-based FPSO ensures that the client will have robust field development economics at minimum risk.

Cost reduction

• Standardised technology will reduce construction cost
• Close and long-term relations with yards and vendors
• Onshore overheads split between several projects
• Reducing the size of project and operations organisation needed by the client

Risk reduction

• Less risk relating to residual value of the FPSO
• Reduced project execution risk by using standardised design and technology
• Reduced operation risk by use of experienced personnel, established operating systems and training programmes