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Floating Production Systems

August 2002 Report

List of Exhibits

1.             Deliveries and Orders Since the April Report  1

2.             Current Orders for Production and Storage Systems    2

3.             Trend in Order Backlog for Floating Production Systems   2

4.             Number and Location of Facilities Fabricating Floater Hulls or Topsides  3

5.             Projects in the Planning, Bidding or Final Design Stage as of August 2002  4

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

7.             Inventory of Floating Production Systems as of August 2002   7

8.             Inventory of Floating Storage Systems as of August 2002    20

9.             Floating Production and Storage Systems Installed Over the Past Six Years   21

10.         Floating Production and Storage Systems on Order as of August 2002   24

11.         Overview of Who's Building What?   35

12.         Location and Water Depths of Floating Production Systems Planned or Under Study as of August 2002   36

13.         List of Floating Production Systems Being Bid, Designed, Planned or Studied as of August 2002   37

14.         IEA'S Projection of Global Oil Demand   65

15.         OPEC Production vs. Agreed Quota During the First Six Months of 2002   67

16.         Actual and Future Price of Crude    68

17.         Henry Hub Natural Gas Price and Nymex Futures   69

18.         Ten Year Trend in Number of Active Rigs Operating Offshore the U.S. and Other Locations   70

19.         Trend in Orders for Floating Production Systems   71

20.         Trend in Average Oil Production Capacity of Floaters in Operation   73

21.         Average Oil Production Capacity Installed on Various Types of Floaters  74