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Floating Production Systems

April 2005 Report

List of Exhibits

1.             Deliveries and Orders Since the November Report  

2.             Current Orders for Production and Storage Systems    

3.             Trend in Order Backlog for Floating Production Systems   

4.             Number and Location of Facilities Fabricating and Converting Floating Production Units 

5.             Projects in the Planning, Bidding or Final Design Stage as of April 2005  

6.             Overview of Floating Production Systems and Storage Vessels in Operation or Available as of April 2005  

7.             Inventory of Floating Production Systems as of April 2005   

8.             Inventory of Floating Storage Systems as of April 2005  

9.             Floating Production and Storage Systems Installed Since September 1996   

10.         Floating Production and Storage Systems on Order as of April 2005   

11.         Overview of Who's Building What?  

12.         Location and Water Depths of Floating Production Systems Planned or Under Study as of April 2005  

13.         List of Floating Production Systems Being Bid, Designed, Planned or Studied as of April 2005   

14.         Trend in Global Oil Demand   

15.         World Oil Demand Mirrors Growth in World GDP   

16.         Actual and Futures Price of Crude    

17.         Henry Hub Natural Gas Price and Nymex Futures   

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

19.         Trend in Orders for Floating Production Systems  

20.         Forecast of Orders for Floating Production Units Over the Next Five Years  

21.         Orders for FPSO Vessels Over the Past Five Years  

22.         Forecast of FPSO Orders Over the Next Five Years  

23.         Composition of FPSO Orders Over the Next Five Years  

24.         Projected Capex for FPSO Vessels Over the Next Five Years  

25.         Orders for Production Semis Over the Past Five Years  

26.         Forecast of Production Semi Orders Over the Next Five Years  

27.         Composition of Production Semi Orders Over the Next Five Years  

28.         Projected Capex for Production Semis Over the Next Five Years  

29.         Orders for TLPs Over the Past Five Years  

30.         Forecast of TLP Orders Over the Next Five Years  

31.         Composition of TLP Orders Over the Next Five Years  

32.         Projected Capex for TLPs Over the Next Five Years  

33.         Orders for Production Spars Over the Past Five Years  

34.         Forecast of Spar Orders Over the Next Five Years  

35.         Composition of Orders for Production Spars Over the Next Five Years 

36.         Projected Capex for Production Spars Over the Next Five Years  

37.         Cracking and Corrosion Risk in FPSOs  

38.         Cylindrical SSP Designs