ExxonMobil and SBM sign up on FPSO pact

摘要

US SUPERMAJOR ExxonMobil has signed a long-term agreement with Dutch floater giant SBM Offshore that paves the way for the pair to work more closely on potential future floating production, storage and offloading projects. The non-exclusive agreement "establishes the general legal framework and specific terms in relation to the engineering, procurement, construction and installation work regarding potential future contracts", SBM said late last week. The deal relates to leased floaters, including build-oper-ate-transfer projects, which cover short-term leases. The two companies already work closely in Guyana in particular, where SBM is supplying the FPSOs for the first and second stages of development of the giant Liza oilfield on the prolific Stabroek block, while it is also likely to supply the third FPSO on the block.