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The development, which includes two new bridge-linked platforms, has been designed to produce until 2050 with a peak production capacity of 120,000 barrels per day.
A final investment decision for the Flemish Pass Basin development offshore Canada is expected in 2020.
Collaboration leads to advances in FPSO technology.
The program aims to reduce capex and opex for production offshore in areas such as subsea systems, surface systems, processing and construction, starting with 39 R&D projects.
Knowledge sharing ensures the offshore oil and gas industry is leaner and meaner in 2018.