SBM updates FPSO delivery schedules, Angola strategy

March 1, 2024
SBM Offshore has issued updates on its latest FPSO construction programs.

Offshore staff

MONACO — SBM Offshore has issued updates on its latest FPSO construction programs.

Topsides module lifting is nearing completion on the Almirante Tamandaré, with integration and commissioning activities progressing in parallel. The FPSO is due to be delivered later this year and should produce first oil for Petrobras from the Búzios Field in early 2025.

Alexandre de Gusmão, working for the Mero Field, is also undergoing topside modules lifting and integration, with first oil expected in 2025.

SBM has allocated its seventh Fast4Ward MPF hull to the FPSO Jaguar for Exxon Mobil’s Whiptail project offshore Guyana. 

A carbon capture solution developed jointly with Mitsubishi Heavy Industries and designed to reduce FPSO emissions by up to 70% should be available to the market from 2025.

In Angola, SBM has signed agreements to acquire Sonangol's equity shares in the lease and operating entities related to the FPSOs N’goma, Saxi Batuque and Mondo; and the company has agreed to transfer to a Sonangol subsidiary its equity in the parent company of the Paenal Yard.

All remain conditional on consents from clients and partners and approval by various competent authorities. SBM’s plan is to reorganize its business in Angola, focusing on lease and operate activities.

Offshore southern France, the company has installed the three 8.4-MW floaters for the Provence Grand Large floating offshore wind pilot project, jointly owned by EDF Renewables and Maple Power.

It is France’s first power-producing floating offshore wind development and the first anywhere to deploy tension-leg mooring technology, said to minimize motions and the seabed footprint. SBM Offshore is now assessing potential partnerships to pursue this market further.

Finally, the company continues R&D on adapting deepwater floating systems for production of hydrogen and ammonia as well as carbon capture utilization and storage.