SBM Offshore Books Two More FPSO Hulls in China

Fas4Ward FPSOImage Courtesy: SBM Offshore

Amsterdam-based oil and gas specialist SBM Offshore has returned to Chinese shipbuilders for two additional next-generation FPSO hulls.

The latest two contracts bring the company’s FPSO newbuilding tally to five hulls under its  Fast4Ward® purchase program.

The construction of the multipurpose hulls was agreed with Shanghai Waigaoqiao Shipbuilding and Offshore Co. (SWS) and China Merchants Industry Holdings (CMIH). The two yards are building SBM Offshore’s first three hulls which are already allocated to projects.

“We continue to have good visibility on new awards from active client engagements. This has given the company the comfort to accelerate the program and commit to two additional Fast4Ward® hulls. The company is currently constructing five hulls simultaneously, a fact which underscores the fundamentals of our market and SBM Offshore’s competitive position,” Bruno Chabas, CEO of SBM Offshore, said.

Under the Fast4Ward program, SBM Offshore aims to standardize the design and execution of projects, creating an FPSO hull design that fits a wide market but having at the same time the flexibility to be tailored to the specific needs of a project.

Some of the key features of the FPSO design include:

  •  30-year design life
  • + 13% deck space compared to VLCC and 30% more topsides footprint overall with continuous
    pancake architecture – to accommodate up to ~ 50,000 tonnes of operating topsides (subject to field specifics) and future tie-backs
    •Up to 2.3 million barrels storage

The company believes that the design standardization will provide significant savings in the supply chain and construction phases, resulting in cuts in delivery time as well.

Share this article

Follow World Maritime News

In Depth>


<< Mar 2020 >>
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >