Africa - the next frontier in the FPSO market

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For many decades now, the oil industry has been thriving on producing oil from offshore locations. Today, with the world’s increasing need for new energy sources, new processing and storage facilities continue to be on the rise. These facilities are referred to as FPSO (Floating Production Storage and Offloading). FPSO has enabled many companies to explore and, quite literally, dig deep into uncharted territory. With this capability, FPSO has also made way for new destinations, from which oil and gas can be processed. One of them is Africa.