The Floating Production Storage and Offloading (FPSO) market is a key component of the oil and gas exploration and production industry. FPSOs are large vessels that are used to store and process oil and gas from offshore fields. They are typically moored to the seabed and can be used to store and process large volumes of oil and gas, as well as to transport the processed product to shore. FPSOs are also used to provide power and other services to offshore platforms.
FPSOs are becoming increasingly popular due to their cost-effectiveness and flexibility. They can be used in a variety of locations, including deepwater and ultra-deepwater fields, and can be deployed quickly and easily.
Some of the major players in the FPSO market include SBM Offshore, MODEC, BW Offshore, Teekay, and Yinson. Show Less Read more
