Followers | 3170 |
Posts | 208744 |
Boards Moderated | 2 |
Alias Born | 02/04/2004 |
Thursday, January 31, 2008 7:34:24 AM
http://www.misc.com.my/core_offshore_newconversions.php
SBM Offshore N.V. Receives Orders Worth USD 850 Million; Receives FPSO Contract From Shell
Monday, 6 Nov 2006
SBM Offshore N.V. announced that the Company has recently received a number of orders with a cumulative portfolio value in excess of USD 850 million.The Company has signed a contract with Shell on behalf of themselves and their partners Petrobras and ONGC for the lease and operation of a Floating Production, Storage and Offloading vessel (FPSO) for the development of the BC-10 field, offshore Brazil. The FPSO, based on the conversion of a very large crude carrier (VLCC) hull from the Company inventory, will have the capacity to process 100,000 barrels of oil and inject up to 75,000 barrels of water per day back into the reservoir. The unit, equipped with turbines able to generate 60 megawatts of electrical power for operating the facilities, will be installed in a water depth of 1,780 meters. It is the intention of SBM to execute the contract in joint venture with Malaysia International Shipping Corporation Berhad (MISC). Discussions between the two parties are in progress. MISC and SBM are also partners in the FPSO Brasil, under lease with Petrobras on the Roncador field, and in the Kikeh FPSO for Murphy, currently under construction in Malaysia. The initial firm commitment of Shell under the contract is for a period of 15 years, commencing in late 2008 / early 2009.
http://uk.reuters.com/investing/quotes/keyDevelopments?symbol=SBMO.AS&pn=2
Recent KLNG News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/27/2024 11:55:19 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/06/2024 08:05:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:05:14 PM
FEATURED SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • Oct 3, 2024 7:00 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM
Unitronix Corp Unveils Cryptocurrency Investment Portfolio Strategy • UTRX • Oct 2, 2024 8:40 AM