10 Reasons Why The Oil & Gas Industry Loves FPSOs




According to the latest data, in the oil and gas industry today there are 190 FPSOs in commission around the world, 172 of which are actively operating on fields.

In 2010, it was estimated that the global FPSO market was worth $5.5 billion, by 2014 it is set to hit $16 billion - a 72.5 per cent year on year increase. Growing energy demands in the Orient and Occident alike and discovery of new oil and gas fields will only serve to push the market higher.

In this piece, we take a look at some of the reasons why oil & gas companies in arenas from the Arctic to the South China Sea are embracing this one-stop-shop vessel as their unit of choice.

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