ExxonMobil, SBM sign long-term FPSO deal

Sept. 6, 2019

Offshore staff

SCHIEDAM, the NetherlandsSBM Offshore and ExxonMobil have signed a long-term agreement covering potential future FPSO orders.

This agreement is non-exclusive and establishes the general legal framework and specific terms in relation to the engineering, procurement, construction, and installation work regarding potential future contracts relating to leased FPSOs. This includes build-operate-transfer projects that generally cover a short lease term.

Since the 1970s, SBM has supplied more than 10 floating systems to ExxonMobil in five countries, including five FPSOs, deepwater offloading systems, and an FSO.

In addition, multiple major projects are currently in various stages of progress.