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Floating Production Systems

April 2002 Report

List of Exhibits

1.             Oil Processing Capacity Available on Floating Production Systems   1

2.             Deliveries and Orders Since the November Report    2

3.             Current Orders for Production and Storage Systems   2

4.             Trend in Order Backlog for Floating Production Systems   3

5.             Number and Location of Firms Fabricating Floater Hulls or Topsides   3

6.             Projects in the Planning, Bidding or Final Design Stage as of April 2002    4

7.             Overview of Floating Production Systems and Storage Vessels in Operation or Available
as of April 2002   6

8.             Inventory of Floating Production Systems as of April 2002    7

9.             Inventory of Floating Storage Systems as of April 2002   20

10.         Floating Production and Storage Systems Installed Over the Past 5½ Years   21

11.         Floating Production and Storage Systems on Order as of April 2002   24

12.         Overview of Who's Building What?   34

13.         Location and Water Depths of Floating Production Systems Planned or Under Study
as of April 2002   35

14.         List of Floating Production Systems Being Bid, Designed, Planned or Studied
as of April 2002   36

15.         IMF World Growth Projection    66

16.         Summary of Global Oil Demand     68

17.         OPEC Production vs. Agreed Quotas and Previous Output Level   69

18.         Actual and Futures Price of Crude   70

19.         Henry Hub Natural Gas Price and Nymex Futures    70

20.         Trend in New Orders for Floating Production Systems    72

21.         Bids for Leases in Water Depth Over 5,000 Feet in March MMS Lease Sale   74

22.         Conoco/Hitec Mooringless Deepwater Offloading System   77