The document provides 10 tips for creating an economical FPSO (floating production storage and offloading vessel). The tips include splitting the FPSO into a drillship and FSO to reduce capital costs, using an Andy Rotary Engine to power the vessel and reduce operating costs associated with fuel, implementing proper staffing and management, adopting efficient technologies, and aiming for a 20% internal rate of return at $50 per barrel of oil to ensure the project's viability. By following these tips, the document estimates that $108 million in capital costs could be saved, covering ongoing operating expenses.

1. FPSO: 10 TIPS for “ ECONO FPSO “
1. Reducing both CAPEX and OPEX
2. Splt FPSO into Drill + FSO to reduce Cap cost
FPSO cost vs Drill + FSO cost
.
3. Operating cost consist of power, labour, mechanical,
electrical equipment, water supply, safety, security
4.Andy Rotary Engine burns all fuels-SLG for Power
- mechanical, hydraulic, electrical, pneumatic.
5.Right man for right job and right time salary
6.Overall management
7.Off-shore knowledge
8.Adopt a technology that enhances efficiency
9.Plan to deal with non-traditional costs
10. Aim for investment criteria of 20% internal rate of
return at US$ 50 bbl oil price.
CAPEX Saved 108 mn$ will cover OPEX
Designer : muthukal andy appan, M.E,
50 yrs expert, India
at
at $ 1 / Brl
INV 60 Mn$ for FSO. ROI= 75 %