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 FAQS
  1. No results found.
Related Articles
  1. Chart Advisor

    Higher Oil Prices On The Way--But Just How High?

    Tensions in Iraq - teamed with rising seasonal demand - means rising petroleum prices. We'll take a look at what it means for traders.
  2. Chart Advisor

    Time For Oil's Summer Bump?

    With the summer months approaching and motorists preparing to take to the roads and sky for summer vacations, now could be the time to invest in oil.
  3. Investing

    Will Clean Energy Fuels Create A Better Network?

    Ever since the most recent U.S. energy boom began, many people have looked for ways to take advantage of cheap natural gas from shale gas areas.
  4. Investing

    What Are The Prospects For Plug’s Technology?

    Plug Power's fuel-cell technology has huge promise, but it hasn't paid off yet. Few stocks have seen the volatility that it has experienced during the past
  5. Investing

    Is Caterpillar Here To Stay?

    Because Caterpillar is the largest construction and mining equipment manufacturer in the world, investors can count on it to keep paying dividends.
  6. Investing

    What Is The Real Picture Of Linn Energy?

    Numbers don't always tell the full story. Take, for example, the long-term chart for LINN Energy which was expected to be down more than 40%.
  7. Economics

    Growth and Stabilization In The Global Economy

    The continued advance for stocks implies a stabilization in international economies, which indicates global growth is steadying after declining last year.
  8. Economics

    How Is Technology Reshaping The Oil Economy?

    When we talk about technology, we’re focused on how it makes our lives easier—but we often look past the way it can completely reshape the oil economy. 
  9. Investing

    What's The New Emerging Re-fracking Trend?

    The fracking fueled U.S. oil is slowing down. However, this doesn't necessarily spell doom and gloom for frack sand providers like Emerge Energy Services .
  10. Economics

    This Is A Small Country With Huge Potential to Grow

    Trinidad and Tobago's increased revenue and economic success have been primarily generated by its energy sector, but it still might be best to diversify.

You May Also Like

Hot Definitions
  1. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  2. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  3. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
  4. Law Of Supply

    A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity ...
  5. Investment Grade

    A rating that indicates that a municipal or corporate bond has a relatively low risk of default. Bond rating firms, such ...
  6. Fringe Benefits

    A collection of various benefits provided by an employer, which are exempt from taxation as long as certain conditions are ...
Trading Center