Wednesday, March 30, 2011
SBM Offshore N.V.
SBM Offshore has executed a Letter of Intent (LOI) with OSX 2 Leasing BV, an indirect subsidiary of OSX Brasil and part of the EBX Group. This LOI will permit SBM to start project activities, including early engineering and procurement up to $25MM, relating to the future conversion, supply and installation of a floating production, storage and offloading vessel to OSX (FPSO OSX-2). The full EPCI contract for FPSO OSX-2 is expected to be executed within a month.
FPSO OSX-2 will be chartered by OSX to its customer OGX Petróleo e Gás Ltda. (OGX), also a company of the EBX Group, and will be deployed on oil fields in the Campos basin offshore Brazil. First oil is targeted by 3Q 2013.
FPSO OSX-2 will be chartered by OSX to its customer OGX Petróleo e Gás Ltda. (OGX), also a company of the EBX Group, and will be deployed on oil fields in the Campos basin offshore Brazil. First oil is targeted by 3Q 2013.
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