Topside

AAA

DEFINITION of 'Topside'

The upper part of an oil platform—above the water line—that holds the drilling rig, oil production plant and accommodation block (lodging). On an FPSO or on a boat, topside refers to the hull area between the water line and the deck.

INVESTOPEDIA EXPLAINS 'Topside'

Topsides are often designed to be modular. Their components can be rearranged and replaced as needed. Oil platforms are expensive, and modular topsides lower the costs and reduce the difficulty of technological upgrades.

RELATED TERMS
  1. Day rate (oil drilling)

    In oil production, a day rate is the amount a drilling contractor ...
  2. 1979 energy crisis

    The 1979 energy crisis in the U.S. was an event of widespread ...
  3. Benchmark Crude Oil

    Benchmark crude oil is crude oil that serves as a pricing reference, ...
  4. Groundwater

    Water that is found underground rather than on the surface.
  5. Non-Hydraulic Fracturing

    Fracturing rock at depth without the use of fluid pressure. Non-hydraulic ...
  6. LPG Fracturing

    Fracturing rock at depth through the use of liquefied propane. ...
Related Articles
  1. Higher Oil Prices On The Way--But Just ...
    Chart Advisor

    Higher Oil Prices On The Way--But Just ...

  2. Time For Oil's Summer Bump?
    Chart Advisor

    Time For Oil's Summer Bump?

  3. Dubai: Growth Through Diversification
    Economics

    Dubai: Growth Through Diversification

  4. The Real Estate of Oil
    Options & Futures

    The Real Estate of Oil

Hot Definitions
  1. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  2. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  3. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  4. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
  5. Parity Price

    When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles - the price ...
  6. Earnings Multiplier

    An adjustment made to a company's P/E ratio that takes into account current interest rates. The earnings multiplier is used ...
Trading Center