OSX commits to FPSO conversion

Offshore staff

MONACO -- SBM Offshore has a letter of intent from OSX Brasil to supply an FPSO for deployment on oil fields in Brazil's Campos basin.

The LOI was placed by OSX 2 Leasing. It allows SBM to start project activities, including early engineering and procurement (up to $25 million) concerning the future conversion, supply and installation of the FPSO OSX-2.

A full EPCI contract should be issued within a month.

The floater will be chartered to OGX Petróleo e Gás. First oil is targeted by 3Q 2013.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs