Monday, May 3, 2010

Oil & Gas - Upturn In FPSO Market

Background. A Floating Production, Storage and Offloading system (FPSO) consists of a large moored vessel, which includes processing facilities and storage capacity. Most FPSOs are converted oil tankers and are generally suitable for benign operating environment. Currently, we note that oil majors would either lease/own the vessels themselves or charter from third-party vessel owners.

Oil & Gas - Upturn In FPSO Market

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