Accelerated deepwater oil developments

Exxon Mobil Corporation will utilise an innovative, generic FPSO (floating, production, storage and offloading) concept to accelerate the production from new deepwater
fields. The FPSO vessel is designed as an Early Production System (EPS) and will allow the company to economically develop offshore resources with less development time between discovery and first production. Construction is under way for three EPS FPSOs for use offshore West Africa. The first of these, the FPSO Falcon, is expected to leave Singapore in late summer 2002 and will be used for the Yoho development offshore Nigeria.

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