The Floating Drilling, Production, Storage, and Offloading Vessel for the Large Deepwater Field Development

A new alternative for large deepwater field development is described. This "Oil Box" (aka "Box Spar") is a multifunction vessel capable of floating drilling, production, storage and offloading (FDPSO). It is distinguished from other Floating Production, Storage and Offloading (FPSO) vessels by its unique hull form and oil storage system. It's main advantages are flexibility derived from the floatover deck option, use of proven top tensioned riser technology, and motion characteristics which make it operable in a wide range of environmental conditions.