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 Hamilton, Bermuda 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.
First Olsen Ltd, until 2005 known as First Olsen Tankers, is a Norwegian shipping company owned by Ganger Rolf ASA and Bonheur and affiliated with Fred. Olsen & Co. The company is registered in Bermuda and headquartered in Oslo. The company was established in 1993 and remained listed on Oslo Stock Exchange from then to 1999. It bought Fred. Olsen Marine Services in 2005. As of 2011 it operates two suezmax tankers, one very large crude carrier and two suezmax converted to floating production storage and offloading units.
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.
SBM Offshore N.V. is a Dutch-based global group of companies selling systems and services to the offshore oil and gas industry. Its constituent companies started their offshore activities in the early 1950s and SBM subsequently became a pioneer in single buoy moorings (SBM) systems. The firm leases and operates Floating Production Storage and Offloading vessels, and is involved in the design and engineering, construction, installation, operation and maintenance of floating production equipment for the offshore Oils and Gas industry. It is a main board listed company on the Euronext Amsterdam stock exchange and has been a member of the AEX index since 2003. It has been engulfed by a massive corruption scandal in Brazil.
MacGregor Pusnes formerly known as Aker Pusnes, Aker Kværner Pusnes and Maritime Pusnes, established in 1875, is a designer and supplier of all types of deck machinery and mooring systems for marine and offshore applications. In addition, Aker Pusnes has developed and supplied bow loading and offloading systems for both simple and sophisticated operations offshore. The company is a subsidiary of Aker Solutions and located on Tromøya island near the city of Arendal in Aust-Agder county, Norway.
BW Group is a maritime company involved in shipping, floating gas infrastructure and deep-water oil & gas production. The company has over 350 vessels managed by an international team of over 7000 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 115 gas vessels, including four 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 350 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.
Ganger Rolf ASA was a Norwegian holding company for the Olsen family. The company was listed on the Oslo Stock Exchange and had ownership positions in numerous companies primarily within the energy and shipping sectors, but also other areas such as real estate and mass media. All investments were made 50/50 with Bonheur. Bonheur is in turn controlled by Fred. Olsen & Co., a company wholly owned by Anette S. Olsen. Ganger Rolf owned 19.51% of Bonheur.
BW Offshore Limited is a global owner and operator of floating production storage and offloading (FPSO) vessels. The company is listed on Oslo Stock Exchange. The company has its headquarters in Singapore and Oslo, Norway but operates internationally. The largest owner is BW Group Limited with 49.3% of the shares.
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.
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.
Offshore concrete structures have been in use successfully for about 50 years. They serve the same purpose as their steel counterparts in the oil and gas production and storage. The first concrete oil platform has been installed in the North Sea in the Ekofisk field in 1973 by Phillips Petroleum. Since then 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 a global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and operating brand for Ezra Holdings. The business was founded in 1992 and is headquartered in Singapore. It began in Asia Pacific in the maritime industry with a fleet of vessels. The company quickly expanded, listing EMAS on the Singapore Exchange in 2003 and adding fabrication facilities in Vietnam. Over the next few years, EMAS added its construction and production division, listed EOC Limited on the Oslo Stock Exchange in 2007 and created an energy division, offering onshore and offshore drilling and well services. In 2011, EMAS embarked on a highly strategic acquisition of Aker Marine Contractors, a subsea construction and installation technology group.
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.
The FPSO John Evans Atta Mills is a floating production storage and offloading (FPSO) vessel. It operates in the Tweneboa-Enyenra-Ntomme Oil Field off the western coast of Ghana. She is named after a former president of Ghana the late John Evans Atta Mills.
