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SBM Offshore sign Long-Term FPSO deal with Exxon

07/09/2019
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Dutch oil and gas company SBM Offshore have signed a Long-Term Agreement with ExxonMobil for future FPSO orders.

SBM Offshore will continue to develop FPSOs for ExxonMobil oil and gas projects
(Image via SBM Offshore)

The non-exclusive agreement establishes the general legal framework and specific terms for the engineering, procurement, construction and installation work of potential future contracts for leased FPSOs.

In the past SBM have supplied more than 10 floating systems to ExxonMobil in five countries, including five floating production, storage and offloading units (FPSOs).  

They currently have a number of major projects in progress.

“We are very pleased with the long-term FPSO supply agreement with ExxonMobil. This agreement is a continuation of our long history of successful team work between our companies, further strengthening our long term cooperation,” said SBM Offshore’s CEO, Bruno Chabas.

“This agreement aims at extending our constructive business relationship with ExxonMobil that has been created through delivering a series of major offshore projects together. We look forward to continue working together in the future and expanding our track-record of reliable execution on deep water projects,” added Séverine Baudic, Managing Director of Floating Production Solutions.

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SBM Offshore sign Long-Term FPSO deal with Exxon - Time to read 2 min
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