SBM Offshore signs contracts totalling $750 million
Offshore staff
(The Netherlands, Brazil, Asia-Pacific, West Africa) - SBM Offshore NV has recently penned the following deals:
Conversion of VLCC to FPSO
A Letter of Intent was signed by Chevron Frade LLC and Single Buoy Moorings Inc. for an engineering, procurement, construction and installation contract for the provision of an FPSO based on the conversion of the VLCC Lu San from SBM inventory.
In addition to the EPCI contract the parties intend to enter into an operations contract for a minimum period of three years.
The FPSO, moored by an internal turret accommodating 33 risers, will be fitted with topsides for the production of 100,000 bbl of oil, treatment, and compression of 106 MMcf/d of gas and treatment and injection of 150,000 b/d of water.
Installation in 1,080 m of water depth at the Frade field offshore Brazil is scheduled for 2Q 2008.
Tanker loading terminals for Petrobras, Pra, Brazil
An order was received from Petrobras for the turnkey supply of two catenary anchor leg mooring terminals for installation at PRA in the Campos basin.
These systems will handle the loading into export tankers of the oil produced from several fields in the Campos basin, flowing to the buoys via a gathering and booster platform and a large FSO. The buoys will be fabricated locally in Brazil and are due to be installed in 3Q 2007.
Tanker loading and discharge terminals for India
Contracts have been signed for the supply of one crude oil import terminal and two refined products export terminals of the CALM type for a location in India. Delivery is scheduled for 1Q 2007.
Basic design packages and supply of proprietary hardware components for jackup drilling rigs, Labroy Offshore
A contract was signed with Labroy Offshore covering the basic design and supply of proprietary hardware components, including the skidding, fixation, and jacking systems, for two jackup drilling rigs to be built at Batam, Indonesia.
The rigs will be delivered in 2007 and 2008, respectively.
The aggregate portfolio value of the above projects amounts to approximately $750 million.
In January 2006, SBM signed an agreeent with Esso Exploration Angola (Block 15) Ltd. (operator) under which SBM began project development activities for two FPSOs for the Kizomba C development offshore Angola.
The formal contracts between the parties, covering the lease and operation of both the Mondo and Saxi-Batuque FPSOs, have been signed in March and April 2006, respectively, says SBM.
05/02/06