Fred. Olsen Production is a Norwegian

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

 offshore floating production petroleum

Petroleum

Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...

 company. Founded in 2004, the company has its headquarters in Oslo

Oslo

Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...

, Norway and was first listed on the Oslo Stock Exchange

Oslo Stock Exchange

The Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...

 on May 11, 2007. The company's largest owners are Bonheur

Bonheur

For the artist, see Rosa BonheurBonheur is a Norwegian holding company for the Olsen family. The company is listed on Oslo Stock Exchange and has ownership in numerous companies within energy, shipping and other sectors. The Bonheur company controls the Ganger Rolf company which has a 19.51%...

 and Ganger Rolf

Ganger Rolf ASA

Ganger Rolf ASA is a Norwegian holding company for the Olsen family. The company is listed on the Oslo Stock Exchange and has ownership positions in numerous companies primarily within the energy and shipping sectors, but also other areas such as real estate and mass media. All investments are...

 through First Olsen, owning 61.5% of the company. The companies are controlled by the Olsen family. The firm has offices in Oslo; Houston, United States

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

; Singapore

Singapore

Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

; and Port Harcourt, Nigeria

Nigeria

Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...

.

The company owns and operates three Floating Production Storage and Offloading

Floating Production Storage and Offloading

A floating production, storage and offloading unit is a floating vessel used by the offshore industry for the processing of hydrocarbons and for storage of oil. A FPSO vessel is designed to receive hydrocarbons produced from nearby platforms or subsea template, process them, and store oil until it...

 vessels (FPSOs), two Floating Storage and Offloading vessels (FSOs) and one production jack-up (MOPU). The company is also converting one suezmax

Suezmax

Suezmax is a naval architecture term for the largest ship measurements capable of transiting the Suez Canal, and is almost exclusively used in reference to tankers. Since the canal has no locks, the only serious limiting factors are draft , and height due to the Suez Canal Bridge...

 tanker to FPSO and an addition tanker available for conversion. Operations are located in Western Africa and the Red Sea

Red Sea

The Red Sea is a seawater inlet of the Indian Ocean, lying between Africa and Asia. The connection to the ocean is in the south through the Bab el Mandeb strait and the Gulf of Aden. In the north, there is the Sinai Peninsula, the Gulf of Aqaba, and the Gulf of Suez...

. Among the vessels was Knock Nevis, the world's largest ship, which was created from the tanker

Tanker (ship)

A tanker is a ship designed to transport liquids in bulk. Major types of tankship include the oil tanker, the chemical tanker, and the liquefied natural gas carrier.-Background:...

 previously known as Seawise Giant.