This paper is intended to provide supportive comfort and guidance to all prospective newbuild FPSO owners and operators in order to avoid the myriad of pitfalls that so many have fallen into to date. Special attention is paid to the importance of the development of adequate depths of preliminary engineering, contracting strategy planning and overall project/ construction management techniques required for success. General findings on the flawed management of some previous new-build FPSO projects are to be discussed together with ‘state of the art’ solutions for improvement in the success of future projects. Confidence building material is also provided that is designed to ameliorate and stabilize the currently inherent marketplace fears apparent in new-build FPSO projects.

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