A floating production storage and offloading (FPSO) unit is a floating vessel used by the offshore oil and gas industry for the production and processing of hydrocarbons, and for the storage of oil. An FPSO vessel is designed to receive hydrocarbons produced by itself or from nearby platforms or subsea template, process them, and store oil until it can be offloaded onto a tanker or, less frequently, transported through a pipeline. FPSOs are preferred in frontier offshore regions as they are easy to install, and do not require a local pipeline infrastructure to export oil. FPSOs can be a conversion of an oil tanker or can be a vessel built specially for the application. A vessel used only to store oil is referred to as a floating storage and offloading (FSO) vessel.
Frontline Ltd. is the world's fourth largest oil tanker shipping company, based in Limassol, Cyprus and controlled by John Fredriksen. Its primary business is transporting crude oil. As of 2008 the company had one of the world's largest tanker fleets consisting of VLCC, Suezmax and Suezmax OBO carriers.
Malaysia Marine and Heavy Engineering Holdings Berhad is a Malaysian owned shipbuilding and heavy engineering industries company. It was formerly known as Malaysia Shipyard and Engineering Sdn Bhd. MHB has been long involved in oil and gas engineering and construction works.
HMAS Westralia was a modified Leaf-class replenishment oiler which served with the Royal Australian Navy (RAN) from 1989 to 2006. Formerly RFA Appleleaf (A79), she served in with the British Royal Fleet Auxiliary (RFA) from 1975 to 1989. The ship was initially leased to the RAN, then purchased outright in 1994. In 1998, a fire onboard resulted in the deaths of four sailors. Westralia was decommissioned in 2006, and the ship was sold into civilian service for use as a Floating Production Storage and Offloading vessel, under the name Shiraz. However, the ship was laid up in Indonesia until late 2009, when she was sold to a Turkish ship breaking company. Arriving in January 2010, the vessel was scrapped.
BW Group is a maritime company involved in shipping, floating gas infrastructure and deep-water oil & gas production. The company has over 490 vessels managed by an international team of over 12,000 staff worldwide. The group was founded by Sir Yue-Kong Pao in Hong Kong in 1955 as World-Wide Shipping. In 2003, the company acquired Bergesen d.y. ASA, Norway's largest shipping company, which was founded in 1935 by Sigval Bergesen the Younger. In 2005, the business was re-branded as BW. With its LNG and LPG fleets combined, BW Group owns and operates the world's largest gas shipping fleet of more than 200 gas vessels, including five FSRUs. Hafnia, a member of the BW Group, operates the world's largest fleet of oil product tankers, and BW Offshore comprises the second largest number of floating oil and gas production units (FPSOs). BW's controlled fleet of over 490 ships also includes crude oil supertankers and dry bulk carriers.
Teekay Petrojarl was the largest Floating Production Storage and Offloading (FPSO) operator in the North Sea with a daily production of 339,000 barrels of oil per day and a storage capacity of 1 million barrels (160,000 m3) of crude oil. Teekay Petrojarl operated five FPSO vessels, two shuttle tankers and one storage tanker. It was owned by Teekay, a large operator of tankers until purchased by Brookfield Asset Management, becoming Altera Infrastructure.
Prosafe SE is a company specialized in owning/operating semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange.
Aker Floating Production is a Norwegian Floating Production Storage and Offloading vessel operator. The company is part of the Aker Group with Aker ASA owning 44.27% of the company. It is listed on Oslo Stock Exchange.
The Bonga Field is an oilfield in Nigeria. It was located in License block OPL 212 off the Nigerian coast, which was renamed OML 118 in February 2000. The field covers approximately 60 km2 in an average water depth of 1,000 metres (3,300 ft). The field was discovered in 1996, with government approval for its development given in 2002. The field began first production in November 2005. The field is worked via an FPSO vessel. The field produces both petroleum and natural gas; the petroleum is offloaded to tankers while the gas is piped back to Nigeria where it is exported via an LNG plant. The field contains approximately 6,000 mm barrels of oil.
MISC Group was incorporated in 1968 as Malaysia International Shipping Corporation Berhad and is the leading international shipping line of Malaysia. In September 2005, Malaysia International Shipping Corporation Berhad adopted its present corporate identity and changed its name to MISC Berhad. Its main shareholder is Petroliam Nasional Berhad (Petronas), the national oil conglomerate of Malaysia. With over 50 years of experience, MISC's principal businesses include energy shipping, offshore floating solutions, marine repair and conversion, integrated marine services, port management and maritime services, and maritime education and training. Fleet consists of more than 100 owned and in-chartered vessels with a combined deadweight tonnage capacity of over 13 million tonnes. MISC Group is a proud constituent of the DJSI Emerging Markets Index and FTSE4Good Bursa Malaysia Index, a testament to our strong sustainability performance and ESG practices.
Yantai CIMC Raffles Shipyard is a shipbuilding company in Yantai, Shandong Province, People's Republic of China. The shipyard is one of three operated by CIMC Raffles Offshore Ltd.
Fred. Olsen Production is a Norwegian offshore floating production petroleum company. Founded in 2004, the company has its headquarters in Oslo, Norway and was listed on the Oslo Stock Exchange from May 11, 2007 until January 20, 2014. The company's largest owners are Bonheur and Ganger Rolf through First Olsen, owning 61.5% of the company. The companies are controlled by the Olsen family. The firm has offices in Oslo; Houston, United States; Singapore; and Port Harcourt, Nigeria.
Mercator Limited is an Indian company. It was earlier known as Mercator Lines Ltd. The Mercator group of companies has diversified business interests in Coal, Oil & Gas, Commodity Transportation, and Dredging. Mercator Limited is the parent company and was the second largest private sector shipping company in India, and it is based in Mumbai. It was amongst the highest wealth creators in the Indian stock exchanges between 2000 -2010.
Offshore concrete structures, or concrete offshore structures, are structures built from reinforced concrete for use in the offshore marine environment. They serve the same purpose as their steel counterparts in oil and gas production and storage. The first concrete oil platform was installed in the North Sea in the Ekofisk oil field in 1973 by Phillips Petroleum, and they have become a significant part of the marine construction industry. Since then at least 47 major concrete offshore structures have been built.
The FPSO Noble Seillean was a dynamically positioned floating oil production, storage and offloading vessel.
The FPSO Kwame Nkrumah is a floating production storage and offloading (FPSO) vessel. It operates in the Jubilee oil fields off the coast of Ghana. She is named after the first president of Ghana Kwame Nkrumah.
Ezra Holdings Ltd, also known under their operating brand name of EMAS, is an integrated offshore support provider for the oil and gas industry. The business was founded in 1992 and is headquartered in Singapore. Ezra was listed on the Singapore Exchange Securities Trading Limited (SESDAQ) and promoted to Mainboard on 8 December 2005.
EMAS is an offshore contractor and integrated offshore solutions provider catering to the oil and gas (O&G) industry on a global scale. It operates as a subsidiary of Ezra Holdings and has gained recognition within the industry. Established in 1992, the company is headquartered in Singapore and initially focused its operations in the maritime sector of the Asia Pacific region, primarily managing a fleet of vessels. In 2003, the company successfully listed its shares on the Singapore Exchange SGX, enhancing its market presence. EMAS also established fabrication facilities in Vietnam.
The Yemen Oil and Gas Corporation, a government-owned corporation under the direction of the Ministry of Oil and Minerals of Yemen, is an oil and natural gas exploration and production company headquartered in Sana'a. It was established in 1996.
Bumi Armada Berhad is an oilfield services company which provides marine transportation, engineering and maintenance services to the offshore oil and gas industry. It is based in Kuala Lumpur, Malaysia, and has operations in Southeast Asia, South Asia, West Africa, Central Africa, Europe, South America and the Caspian Sea region. It is the world's fifth largest floating production storage and offloading (FPSO) provider with six vessels.
US$982.4 million (2013)
