ExxonMobil, SBM Offshore sign long-term FPSO supply deal

ExxonMobil Corp. and SBM Offshore NV, Amsterdam, have signed a long-term agreement covering potential future orders for floating production, storage, and offloading vessels.

ExxonMobil Corp. and SBM Offshore NV, Amsterdam, have signed a long-term agreement covering potential future orders for floating production, storage, and offloading vessels.

The agreement—which is nonexclusive and establishes the general legal framework and terms relating to the engineering, procurement, construction, and installation of potential future contracts of leased FPSOs—includes build, operate, and transfer projects.

Over the last 40 years, SBM Offshore has supplied more than 10 floating systems to ExxonMobil in five countries, including five FPSOs, deepwater offloading systems, and a floating storage and offloading vessel. Additionally, multiple major projects are currently in various stages of progress, SBM Offshore said.

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