Tag: FPSO
Floating Production for remote Brazil oil reserves
Business intelligence company GlobalData has released a report stating that, through the use of Floating Production Storage and Offloading (FPSO), oil and gas reserves in hard-to-reach oil fields in Brazil will be accessible.
Petrobras spending big on FPSOs
Brazilian state oil company Petrobras has signed deals worth USD 3.46 billion for the construction of eight platform hulls to tap its huge offshore oil fields.