Back
F
Farm-in e farm-out
Process of partial or total acquisition of concession rights held by another company. In the same transaction, the company acquiring the concession rights is in a farm-in process, and the company selling them is in a farm-out
Flare
System aimed at collecting and burning hydrocarbon vapors from petroleum equipment in a safe area. In operations, it resembles a chimney.
FOB (free on board)
Sale price of goods, plus all exporter expenses until its placement in the market.
FPSO
Floating Production Storage Offloading. Floating production, storage, and offloading unit built from a ship.
Frade
Field acquired between 2019 and 2020 by PRIO, located in the Campos Basin.
FPU (Floating Production Unit)
Floating oil production unit, built from a ship.
FSO (Floating, Storage & Offloading)
Floating storage and offloading unit, built from a ship.
FSV (Fast Supply Vessel)
High-speed ship for supplying cargo and passengers.
FR
Recovery factor, percentage of oil produced from a reservoir or field relative to its OOIP/VOIP.