SBM confirms P-57 contract

Petrobras has signed the formal $1.25-billion agreement with SBM Offshore for the turnkey supply of the P-57 FPSO for Jubarte field offshore Brazil.

Offshore Staff

SCHIEDAM, Netherlands –Petrobras has signed the formal $1.25-billion agreement with SBM Offshore for the turnkey supply of the P-57 FPSO for Jubarte field offshore Brazil.

Delivery of the unit to Brazil is planned for 4Q 2010. The FPSO is to be able to produce 180,000 b/d of oil and 71 MMcf/d of gas. SBM expects to convert the VLCCAccord into the FPSO in Singapore.

02/15/2008

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