SBM Offshore CEO Didier Keller outlined three major orders that are expected in the near future for the offshore engineering and installation company in Netherlands.
The first project specified was an FPSO for Woodside on the Cossack field in Australia. Woodside will order the unit on a turnkey sales basis rather than leasing. Engineering work on the project has already begun. SBM Offshore also expects further work from Petrobras, in the form of the relocation and adaptation of an existing FPSO to the Cachalote field offshore Brazil. Keller said the project will have a portfolio value equivalent to a mid-size FPSO. BP is expected to commit to order two FPSOs for use on Block 13 offshore Angola. The order would allow SBM Offshore to continue with development of a construction yard in Porto Amboim. In addition to the expected orders, SBM Offshore is working on obtaining a contract for the development of offshore gas liquefaction technology, along with focusing on improving its ultra deepwater technologies such as TLP applications and disconnectable mooring systems and improving technology for the exploitation of offshore gas and developing renewable energy systems.
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