Floating Production and Storage Units

Recent years have seen the growth and formalisation of the global deepwater offshore industry.

Floating Production, Storage and Offloading (FPSO) vessels are particularly effective in remote or deepwater locations where seabed pipelines are not cost effective.

A Floating Storage and Offloading unit (FSO) is a floating storage device, which is a simplified FPSO without the facilities for oil or gas processing. Most FSOs are older single hull tankers that have been converted.

Derrick Offshore are able to offer their clients assistance relating to the sale and purchase of FPSOs, FSOs and FSUs as well as conversion projects.