FPSO'S

[JoeSmith]

FPSO Espirito Santo

Hi 10 bagger, congrats on your DPDW buys. Here's some dd on a FPSO heading to Brazil.

The FPSO Espirito Santo is being converted in Singapore now.
link to pictures #msg-26404097

"The FPSO unit will be leased by a SBM/MISC joint venture to the BC-10 Consortium operated by Shell for the development of the BC-10 field in Brazilian waters of the Campos Basin"

SBM Offshore N.V. has the conversion contract.
SBM Offshore N.V. Receives Orders Worth USD 850 Million; Receives FPSO Contract From Shell
Monday, 6 Nov 2006


#msg-26450412 This link shows how the deepwater field is connected to the FPSO through a device called a BSL or Bend Stiffener Latcher.

#msg-26419567 Closeup of a BSL on a FPSO

here is the tie in with Deep Down (DPDW)
HOUSTON, Jan. 30 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW - News) announced today that three Bend Stiffener ("BS") Latchers, for the BC-10 project, were shipped to Singapore. These BS Latchers will be installed on the Client's Floating Production, Storage and Offloading vessel ("FPSO") which will be bound for Brazil upon its completion. An FPSO is a type of floating tank system used by the offshore oil and gas industry. It is designed to receive oil or gas produced from a nearby platform(s) and store it until the oil or gas can be offloaded onto waiting tankers, or sent through a pipeline.

And some DPDW BSL dd #msg-26969186

Espirito Santo specs

http://www.singlebuoy.com/HTML/LeaseOperations/Images/systems/Espirito.jpg