Japanese engineering giant JGC Corporation said it has bought a small equity stake in a floating production, storage and offloading vessel in Ghana as a means of improving its presence in the FPSO market.

The company did not disclose the name of the FPSO or specifics of the investment.

Tadashi Ishizuka, the company's president and chief operating officer, said JGC said wanted to expand its offshore capabilities, and the FPSO investment was targeted at learning the operations and maintenance business rather than the FPSO leasing businesss.