May 29, 2020
The oil and gas market is having to deal with a new reality: cost reduction. With this in mind, Dutch SBM Offshore changed the way of contracting FPSO hulls from bilateral agreements to competitive bids. In the market, the comment is that the decision is a strategy to reduce spending on the construction of vessels, especially now in a scenario where oil companies are looking to cut expenses.
By reducing manufacturing costs, SBM could therefore offer lower vessel rental rates. Also according to the oil and gas market, the Dutch company recently launched a tender to choose an FPSO hull supplier to be used by ExxonMobil in Hammerhead, in the Stabroek block in Guyana.
At first, the unit would be built at the Shanghai Waigaoqiao Shipbuilding (SWS) shipyard in China. There, some of SBM’s last platform ships were built, such as Liza and Prosperity. The FPSO to be used by Exxon in Guyana would be the fourth unit contracted by the Dutch to the Chinese shipyard, under an agreement that has lasted some years.