Bunkering and oil storage is a growing and important business in Singapore. Driven by land scarcity, NUS and SINTEF are tasked to jointly explore the innovative concept of a Floating Hydrocarbon Storage and Bunkering Facility (FHSBF) off the coast of Singapore. The research collaboration, funded by Land and Livability National Innovative Challenge (L2 NIC) and JTC Corporation, aims to explore new ways to create useable space from sea. The floating facility will add to the current storage capacities of Singapore without the need for land reclamation. The Floating Hydrocarbon Storage Facility is a novel and viable concept to introduce useable space on sea. It allows for a land-scare country like Singapore to increase oil storage capacities without the need for land reclamation. The concept can be relocated and replicated in other locations with similar needs.