A repair axial bearing system includes an arcuate rail coupled to a support, one or more bolts protruding upward from a raised portion coupled to a supported member, and a lever plate including at least one low friction bearing pad mounted in the lever plate. A first new bearing surface is formed on the arcuate rail. A second new bearing surface is formed on the at least one low friction bearing pad. The one or more bolts are tensioned with bolt tensioners to press the lever plate against the raised portion. The axial bearing system can include a hydraulic cylinder to slide the second bearing surface over the first bearing surface. The repair axial bearing system can be used to supplant a damaged axial bearing positioned between an FPSO and a turret.