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Fred Olsen Production
The activities of Fred. Olsen Production ASA and its subsidiaries (the Group) consist of the operation and ownership of a fleet of seven Floating Production, Storage and Offloading (FPSO) and Floating Storage and Offloading (FSO) units. An FPSO unit is operating offshore fields for the production of oil and/or gas. An FSO does not have the production capability, only storage and offloading.
FPSOs are typically constructed by installing oil and gas processing systems onto the deck of either an existing crude oil tanker vessels or a new build tanker hull. FPSOs are suitable for most offshore regions throughout the world. They are normally moored to the seabed through a spread mooring system, however when situated in areas with sever weather conditions they are moored by a turret mooring system which allows the vessel to freely rotate with ocean- and wind forces. The major advantages of FPSOs are cost efficiency in combination with high mobility, large storage capacity and production versatility.





