Increasing Exploration Activities for Oil and Gas to Promote Robust Development of Global FPSO Market
A floating, production, storage, and offloading (FPSO) is a vessel or a floating production system that is being used for storage, offshore production, and offloading of oil and gas. An FPSO vessel looks quite similar to a ship; however, it is equipped with several processing and production facilities. The global FPSO market is projected to witness progressive growth in the next few years, thanks to the increasing investments in oil and gas exploration activities across the globe. As per a...
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