FPSO Resource Centre: Introduction to Floating Production Storage and Offloading
Everything You Need to Know About FPSO: Floating Production Storage and Offloading
An FPSO is a floating production storage and offloading vessel employed by oil and gas companies to both process and store hydrocarbons.
FPSO vessels, a transportable platform, are popular because they can be easily moved and installed to nearby platforms and also allow for easy transportation of oil to tankers or pipelines. Once an existing field has been depleted FPSO can then be moved to other locations. This makes them suitable for smaller fields which can be depleted quickly and avoids the need for installing permanent expensive pipelines.
The vessels often take the form of traditional tankers. In addition to dedicated vessels that are designed for FPSO, oil and gas tankers can be converted to an FPSO vessel which also makes them an economical and flexible option
The vessels are moored in place either via a central weathervane or by spread mooring which involves the vessel being anchored via multiple points on the sea floor. This allows them to operate in both deepwater and ultra deepwater environments which are designed to take into account local weather situations and can even be detached from moorings which makes them ideal in extreme weather conditions.
In addition to FPSO, there are other related systems such as FSO (Floating Storage and Offloading) FPS (Floating Production Systems) FSU (Floating Storage Units), FDPSO (Floating Drilling Production Storage and Offloading) and FLNG (Floating Liquid Natural Gas vessel).
As the use of FPSO and similar system grows so do the challenges of operating and managing an FPSO vessel.
In this resource centre you will find Oil & Gas IQ’s top rated FPSO content including articles, videos, webinars, podcasts and in depth reports. You can find the latest content in the sidebar on the right.
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Learn more about FPSO
- Why FPSO costs get out of control, and how you can project the bottom line throughout the project lifecycle
- FPSO: Common Pitfalls in Contract Negotiations - David Boggs, EMA
- FPSO: The Global Forecast
- Depletion of Oil & Gas Could Spell the End of FPSO
- SPECIAL REPORT - FPSO - The State of the Industry 2012
- MODEC FPSO Masterclass: Technical Challenges and Cost-Effective Methods for Conversion Projects
- A Cost-Effective Approach to Risk-Based Inspection for FPSO Units and Gas Projects
- FPSO: Valuable Insights on Financing - Michael Lin Sheng, IFC Global Oil and Gas