FPSO

Expenditures for floating production systems are expected to more than double in the next five years. This growth is driven by multiple factors.

Shell’s Parque das Conchas project, an ultradeepwater heavy-oil development in the northern Campos basin offshore Brazil, has won the IPTC Excellence in Project Integration Award. The award recognizes significant and unique achievements in managing and directing a project from discovery to delivery.

Investments in floating production systems are expected to increase sharply over the next five years, driven by a surge in installations.