With oil prices well above the USD100 per barrel mark and likely
to climb even higher in coming years, global demand for floating
production, storage and offloading (FPSO) units is expected to double
in the coming years until the end of the decade
Consistently high crude prices,
coupled with rapidly depleting
shallow water and onshore
reserves, are forcing exploration
and production companies to forage
deeper and further offshore than was
previously viable.
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