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    1. Vessels

    Shell prolongs Brazil FPSO lease terms

    Dec. 23, 2020
    SBM Offshore has secured a five-year contractual lease extension with Shell for the FPSO Espirito Santo.
    (Courtesy SBM Offshore)
    The FPSO Espirito Santo operates at the BC-10 field in the Campos basin offshore Brazil.
    The FPSO Espirito Santo operates at the BC-10 field in the Campos basin offshore Brazil.

    Offshore staff

    MONACO – SBM Offshore has secured a five-year contractual lease extension with Shell for the FPSO Espirito Santo.

    The vessel operates at the BC-10 field in the Campos basin offshore Brazil. The lease and operate period, which was due to terminate in December 2023, now runs until December 2028.

    SBM Offshore has a 51% equity stake in the associated lease and operating companies, with MISC Berhad holding the remaining 49%.

    Esso Exploration and Production Guyana Ltd. has also initiated discussions with the company on potentially lease and operate durations extensions for FPSOs on the Stabroek block off Guyana.

    12/23/2020