FPSOs Through The Ages: The FPSO Development Timeline
With more than 270 floating systems in operation to date, the market for FPSOs has proven to be a lucrative space for oil and gas operators. Although the current low oil price has caused many projects to be postponed, FPSOs will continue to be the most cost-effective solution to access frontier offshore regions. As a look back at the history of FPSO development shows, this is certainly not the first market downturn to affect the industry and the popularity of FPSOs will rise again.
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