SBM Offshore - Wins FEED contract for Whiptail FPSO in Guyana
SBM wins a design contract for a very large Fast4Ward FPSO for ExxonMobil in GuyanaThe contract is likely to be followed by a construction (EPC) contract plus an operating contract We expect these contracts to add EUR 1-2 in value per shareSBM Offshore is a holding company. Co. provides floating production solutions to the offshore energy industry, over the full product life-cycle. Co.'s main activities are the design, supply, installation, operation and life extension of floating production, storage and offloading (FPSO) vessels. Other products include semi-submersibles, tension-leg platforms, floating production storage and offloading liquefied natural gas, turret mooring systems, brownfield and offshore (off) loading terminals. As of Dec 31 2015, Co.'s fleet consisted of 10 FPSOs, two floating storage and offloadings, one mobile offshore production unit, one semisubmersible in operation worldwide.
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