Master's thesis in Offshore TechnologyDue to the extension of the Gullfaks license, Statoil needs to perform several upgrades to systems to satisfy today’s regulations. Today`s system consist of two large single point moored offloading buoys, SPM 1 and SPM 2. Statoil wishes to replace these with a new type of offloading system. The old system is just too expensive to maintain and will demand a comprehensive upgrade to meet the new regulations. The solution is to replace the existing system with a new system which is less expensive to maintain. The existing offloading system consists roughly of a column from seabed to above sea surface, a connection plate and a subsea base structure. This thesis has focused on investigating necessary ...