Floating Storage (FSO)
Definition - What does Floating Storage (FSO) mean?
A Floating Storage is an offshore floating vessel that is used to stock up unrefined oil. This vessel is particularly used in offshore locations and it is usually accompanied by an offloading vessel, which is referred to as a Floating Storage and Offloading vessel (FSO). This vessel is primarily used for the storage of hydrocarbons and can be referred to as a simple FPSO, i.e., Floating Production, Storage and Offloading. This storage vessel lacks the oil processing unit and it is basically a huge oil tanker, also known as a supertanker. Apart from the FSO, there are many other types of floating vessels used in the industry today.
Petropedia explains Floating Storage (FSO)
Petroleum manufacturing organizations use different kinds of floating vessels for offshore oil production and processing. These vessels mainly serve the purpose of safe transportation and storage of the produced oil from the wellbore to the main processing units and then over to the Floating Storage. A Floating Storage is a maritime vessel used only to store the extracted hydrocarbons. Also known as FSO, i.e., Floating Storage and Offloading Vessel, this maritime vessel is helpful in storing and transporting oil from remote locations such as the seabed. However, this vessel is not designed to process the product. Another contemporary vessel used to store and process oil is a FPSO, i.e., Floating Production, Storage and Offloading.