Share:
SBM Offshore reports a contractual lease extension for FPSO
Espirito Santo in Brazil and expects a potential increase in the lease duration for FPSOs in Guyana. SBM Offshore will present an updated pro-forma backlog, taking into account the most recent developments, along with its Full Year 2020 Earnings.
SBM Offshore signed an agreement with its client Shell for a five years' extension for the lease and operate contracts of the FPSO
Espirito Santo located in Brazil. The end of the contractual lease and operate period was extended from December 2023 to December 2028. SBM Offshore is the majority owner of the lease and operating companies related to FPSO