Global FPSO Market Is Expected to Grow at a CAGR of 15.6% from 2017 to 2025
Global FPSO Market is expected to grow at a CAGR of 15.6% from 2017 to 2025. Floating Production, Storage, and Offloading (FPSO), as the name suggests, is a vessel used for production, storage, and offloading of oil & gas. FPSO systems nearly account one-third of all the floating systems used globally. An FPSO system reduces the requirement of pipelines for transporting oil to the mainland. In deepwater and ultra-deepwater locations, it reduces the transportation cost as pipelines required for transporting...
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