FPSO definition

FPSO means a floating production, storage and offloading system used by the offshore oil and gas industry for the production or processing of hydrocarbons and for storage of hydrocarbons. FSOs and FLNGs are included within this definition. The determination as to whether a particular property constitutes an FPSO shall be at the sole determination of the Underwriter.

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FPSO means a floating production, storage and offloading vessel.

FPSO means floating production, storage and off-take vessel.

Examples of FPSO in a sentence

• Support Vessel Cat 2 under 8999bhp 100% FPSO Support/Supply 96% Platform/Rig Supply under 64m 96% Supply Vessel Cat 1 under 64m 96% Site Survey 93% Seismic Survey 100% Shallow Water Seismic 93% Chase Boat 96% Standby 93% North West Coastal under 30m* 90% North West Coastal over 30m** 93% Multifunction/Utility Vessel*** 96% * Includes crew boats, line boats, landing barges, shallow water tug operations where the vessel is less than 30m in length and operating in the NW Coastal Area.

• Employees required to stay overnight at a location that does not provide normal access to a community, for example: a drill ship, platform or floating production, storage and offloading vessel (FPSO), a survival facility or a remote microwave/ radio site (except where employees are permanently assigned to work at such locations) will be paid an environmental differential of seventy dollars ($70.00) for each night at that location.

• A structured organization shall be established by CONTRACTOR to manage the overall operation of the FPSO at Oyo field.

• If such additional volume can be Delivered, Seller will also indicate whether Buyer’s revised nomination plan can be accepted by the FPSO terminal operator.

• Provide to FPSO the list of hardwired i/o and serial links to FPSO DCS/ESD systems.

More Definitions of FPSO

FPSO means floating production storage and offloading vessel;

FPSO means a Floating Production Storage Offloading Vessel usually engaged At Sea, whether propelled or non-propelled, and which may be disconnected or permanently fixed to a mooring riser and which is used to recover, receive, process, store or dispatch hydrocarbons to a shuttle tanker.

FPSO means floating production, storage and off-loading units;

FPSO means a Floating Production Storage Offloading Vessel usually engaged at sea, whether propelled or non-propelled, and which may be disconnected or permanently fixed to a mooring riser and which is used to recover, receive, process, store or despatch hydrocarbons to a shuttle tanker.

FPSO means floating production storage and offloading unit;

FPSO means floating production storage and offloading vessel; "GBA" means gas balancing agreement;

FPSO means floating production storage and offloading platform with all the necessary facilities and services to collect, process, measure, store and transfer liquid hydrocarbons to a Shuttle Tanker.