SBM Offshore N.V.
amsterdam : SBMO

December 14, 2011 06:00 ET

SBM Offshore N.V. Confirms the Twelve Year Lease and Operate Contract for the FPSO Xikomba

SCHIEDAM, NETHERLANDS--(Marketwire - Dec 14, 2011) -


1. FPSO Xikomba relocation lease contract

SBM Offshore is pleased to announce on behalf of its Joint Venture companies with Sonangol, Sonasing and OPS that contracts for the twelve year charter and operation of FPSO Xikomba for the block 15/06 development, offshore Angola have been executed with ENI Angola SpA. This order had been previously announced under a Letter of Intent (LOI) on 15 April 2011.

The development plan involves relocation of the existing FPSO Xikomba, which has been operated under contract for ExxonMobil in Angola since 2003. The unit will undergo a major upgrade in order to meet the new project specific requirements. Part of that work will be performed in the PAENAL yard in Angola.

The investment required for the upgrade and relocation of the FPSO Xikomba will be comparable to a large FPSO conversion project.

First production from the FPSO is planned for 2014.

To see the full version of this press release please click on the link below:

SBM Offshore press release: http://hugin.info/130754/R/1571278/488721.pdf

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: SBM Offshore N.V. via Thomson Reuters ONE

[HUG#1571278]

Contact Information

  • Contact person:
    Mr. Sebastiaan de Ronde Bresser
    Telephone: (+377) 92 05 85 15
    Mobile: (+33) 643 919 312
    Fax: (+377) 92 05 89 40
    E-mail: Email Contact
    Website: www.sbmoffshore.com