Guyana part of hemispheric oil boom triggering demand for FPSOs

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Ongoing oil recovery pursuits in South America, notably in Guyana and Brazil, are key factors influencing the increased production of Floating, Production Storage and Offloading (FPSO) units, vessels used by the offshore oil & gas industry for the production and processing of hydrocarbons and for the storage of oil until it can be transferred to a tanker.

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