A ship-shaped offshore vessel that processes and stores crude oil or gas directly at sea, then transfers it to tankers — for subcontractors, FPSOs represent remote, long-duration worksites with strict offshore safety certification requirements, specialised crew rotation logistics, and scope that can span topside maintenance, marine systems, and instrumentation work simultaneously.
FPSO (Floating Production, Storage and Offloading Unit)
Related Terms
Solar-Plus-Storage
IndustryA power system pairing solar panels with on-site batteries to supply electricity at remote job sites. Subcontractors may install, maintain, or work alongside these systems instead of diesel generators. Familiarity with this equipment is increasingly expected on off-grid oil and gas and construction sites.
Phased Array Ut (phased Array Ultrasonic Testing)
IndustryAn advanced non-destructive testing method that uses multiple ultrasonic beams to inspect welds and materials for defects. It replaces traditional radiography on many pipeline and pressure vessel jobs. Subcontractors offering PAUT services often command higher rates and qualify for more specialised scopes.
Land Block
IndustryA designated area of Crown or freehold land divided for exploration and production rights. Subcontractors often mobilise crews and equipment according to which land blocks an operator holds active licences for. Work scopes, access agreements, and surface rights are typically tied to specific block boundaries.
Microgrid
IndustryA small, self-contained power system that operates independently from the main utility grid. Subcontractors working remote sites often rely on microgrids for consistent site power. Knowing the local power setup affects equipment compatibility and fuel logistics planning.
Bentonite
IndustryA natural clay mineral used in drilling fluids to stabilise boreholes and suspend drill cuttings. Subcontractors handling bentonite slurry must follow site-specific mixing and disposal procedures. Improper handling can trigger environmental compliance issues and project delays.
Bonus Bid
IndustryA lump-sum payment made by an operator to secure rights to a lease block, separate from royalties. For subcontractors, a large bonus bid signals operator commitment and can indicate upcoming project activity in that area.
Latest Industry News
Cenovus Awards Aker Solutions Five-Year Contract for White Rose Platform and SeaRose FPSO
Aker Solutions has secured a five-year engineering and maintenance services contract from Cenovus Energy to support the West White Rose platform and SeaRose FPSO offshore Newfoundland, with roughly 120 personnel attached to the work.
11 hours ago IndustryPRIO's Wahoo Field in Brazil Reaches Commissioning Phase, First Oil Days Away
Brazilian operator PRIO has completed installation and received its operating license for the Wahoo field in the Campos basin, with first oil expected within days via a subsea tie-back to the FPSO Frade.
3 months ago IndustryTotalEnergies Brings Lapa South-West Online, Boosting Brazil Offshore Production
TotalEnergies started production at Lapa South-West in Brazil's Santos Basin, adding 25,000 bbl/day through three new wells tied to existing FPSO infrastructure.
3 months ago IndustryDOL Backs Down on Davis-Bacon Expansion, But Industry Groups Say the Fight Isn't Over
The U.S. Department of Labor has dropped its defense of parts of a 2023 Davis-Bacon rule expansion, a partial win for contractors — but ABC says full repeal of the rule is still needed to protect the industry from expanded prevailing wage obligations.
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Industry GuideHow Rig Count Trends Affect Subcontractor Demand and What to Do About It
Rig counts are the earliest signal of where field service work is heading. Learn how to read drilling activity trends, anticipate demand shifts, and position your crew before the phone stops ringing.
Industry GuideWhat Is an AFE in Oil and Gas and How Does It Affect Subcontractor Payments?
An AFE (Authorization for Expenditure) controls every dollar spent on an oilfield project. Learn how it affects your billing, change orders, and cash flow as a subcontractor.
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