Floating Production, Storage & Offloading vessel. Usually out of service tankers are utilised as FPSO's.
Floating Production Storage and Offloading vessel - a floating facility installed above or close to an offshore oil and gas field to receive; process; store and export hydrocarbons.
(PROJECT GLOSSARY) Floating Production, Storage and Offloading vessel - Term for a type of oil 'rig' used in the offshore oil & gas industry.