SBM Offshore orders 2nd Fast4ward FPSO hull citing industry uptick

 

fast4wardWorld’s largest FPSO provider SBM Offshore has confirmed it has ordered an FPSO Hull from China’s SWS shipyard on the back of an uptick in the FPSO industry and the increased client interest.

The hull is the second FPSO Hull ordered under SBM Offshore’s Fast4Ward program developed to standardize, speed up, and lower cost of an FPSO construction.
According to the company, the Fast4Ward program speeds up FPSO delivery by a year and could save half a billion dollars per FPSO.

The steel cutting for the first hull was held at the SWS yard in Shanghai, China in March 2018, and if all goes according to plan, the first Fast4Ward FPSO could be deployed for Exxon in Guyana, as per the FEED deal signed in July this year, making the FPSO SBM’s largest-ever such unit, able to 2 million barrels of crude oil.

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