SBM Offshore Inks FPSO Sepetiba Contracts

SBM Offshore announced on Wednesday that it has firmed up contracts with Brazil’s Petróleo Brasileiro S.A. (Petrobras) for the 22.5-years lease and operation of a floating production, storage and offloading unit (FPSO) to be deployed at the Mero field in the Santos Basin offshore Brazil.

FPSO Sepetiba, formerly known as Mero 2, will be built under SBM’s Fast4Ward program, which incorporates a newbuild, multipurpose hull combined with several standardized topsides modules, and is expected to be delivered in 2022, SBM said.

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