FPSO

The development of compact topside processing plants for floating, production, storage and offloading (FPSO) vessels is a growing industry trend that can reduce operating and capital expenditures over the life of the vessel, a researcher and scientist said recently.

Conversion of very large crude carriers to FPSO's can speed time to first oil under the right conditions, there are many considerations in the planning and execution of these conversions.

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.