SBM Offshore Signs New Contracts for Angola and Components for Installation Vessels

SBM Offshore Signs New Contracts for Angola and Components for Installation Vessels

SBM Offshore N.V. is pleased to announce the following contract awards:

1. BP Angola FPSO

A call off frame contract has been obtained from BP Angola in support of a development programme offshore Angola. The initial contract call off has been signed for early engineering and fabrication works to support enhanced local fabrication capability in the region.

Subject to Project Sanction, the call off for the first FPSO will be issued the 2nd half of 2009. Subsequent FPSOs may be called off subject to future projects sanction.

Further contract details will follow in due course.

2. Total Angola PAZFLOR Offloading System

A consortium of SBM Offshore and APL (part of BW Offshore) has been awarded a Letter of Award by Total E&P Angola for the Engineering, Procurement, Supply, Construction and Installation (EPSCI) of the Oil Loading System on the PAZFLOR project.

The SBM Offshore scope of work consists of:

– Engineering, Procurement and Supply of the (2) Oil Offloading Lines, to be based on the TrellineTM, a large diameter reinforced bonded rubber hose, which will be suspended between the FPSO and the deep water CALM buoy;
– Offshore installation of the complete Oil Loading System.

3. Cranes and Jacking Systems for Windmill Installation Vessels

An order has been received from Resolution Shipping Ltd (Cyprus), a subsidiary of Vroon Group, for the supply of two 1,000 ton cranes and two jacking systems, with a total jacking capacity of 22,500 tons each, for two wind turbine installation jack-up vessels (SBM Offshore design).

The combined portfolio value of the orders mentioned under 2 and 3 above represent approximately 230 million US Dollars.

Contact person: Mr. Sebastiaan de Ronde Bresser Telephone: (+377) 92 05 85 15 Mobile: (+33) 6 43 91 93 12 Fax: (+377) 92 05 89 40 E-mail: sebastiaan.derondebresser@sbmoffshore.com

Website: http://www.sbmoffshore.com

Source: SBM Offshore N.V.

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