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SBM offshore N.V. confirms the twelve year lease
and operate contract for the FPSO Xikomba
14 December 2011
FPSO Xikomba relocation lease contract
SBM Offshore is pleased to announce on behalf of its Joint Venture companies with Sonangol, Sonasing and
OPS that contracts for the twelve year charter and operation of FPSO Xikomba for the block 15/06
development, offshore Angola have been executed with ENI Angola SpA. This order had been previously
announced under a Letter of Intent (LOI) on 15 April 2011.
The development plan involves relocation of the existing FPSO Xikomba, which has been operated under
contract for ExxonMobil in Angola since 2003. The unit will undergo a major upgrade in order to meet the new
project specific requirements. Part of that work will be performed in the PAENAL yard in Angola.
The investment required for the upgrade and relocation of the FPSO Xikomba will be comparable to a large
FPSO conversion project.
First production from the FPSO is planned for 2014.
Corporate Profile
The Dutch public company SBM Offshore N.V. is the holding company of a group of international, marine
technology orientated companies. Its business is to serve on a global basis the offshore oil and gas industry by
supplying engineered products, vessels and systems, and offshore oil and gas production services.
The product line comprises:
• Offshore import/export terminals for crude oil, refined products, LPG and LNG, mostly based on the single
point mooring principle, Floating Production and/or Storage and Offloading systems (FSOs and FPSOs)
and other floating production facilities based on ship hulls, semi-submersibles and Tension Leg Platforms
(TLPs);
• Offshore oil and gas production services through the leasing of integrated production and storage facilities
owned and operated by the Company;
• Design, construction and supply of semi-submersible drilling platforms;
• Special designs and engineering services and delivery of specific hardware components for dynamically
positioned drillships, semi-submersible drilling platforms, jack-up drilling platforms, jack-up platforms for
civil construction, large capacity offshore cranes, elevating and lifting systems, crane vessels and other
specialised work vessels;
• Offshore construction and installation contracting services.
The Board of Management Schiedam, 14 December 2011
SBM Offshore N.V. press release
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