(Source: MARKETWIRE)
SBM Offshore N.V. announces the following news:
1. Aseng
FPSO Contract Award and Joint Venture Agreement with
GEPetrol
Further to a previous announcement dated 26 August 2009, SBM
Offshore
now advises that the formal contract has been signed
with Noble
Energy EG Ltd., a subsidiary of leading US-based
independent energy
company Noble Energy Inc., for the provision, lease
and operation of
an FPSO for the development of the Aseng field,
offshore Equatorial
Guinea.
SBM Offshore has entered into a Joint Venture with Compania
Nacional
de Petroleo de Guinea Ecuatorial (GEPetrol), the state oil
company of
Equatorial Guinea, for the ownership and operation of the
Aseng unit.
Under this agreement, SBM Offshore will own a 60% share of
the joint
venture with GEPetrol holding the remaining 40%.
2. FPSO Falcon Redelivered
SBM Offshore has received a notice of termination from Esso
Deepwater
Limited a subsidiary company of Exxon Mobil Development
Corporation
for the lease and operate contract of the FPSO Falcon.
The effective
date of termination of the contract and redelivery of
the FPSO Falcon
to SBM Offshore has been confirmed as 3 December
2009. No further day
rate income will be received after that date.
The transaction does
not result in any non-recurring gains or losses.
The FPSO Falcon commenced operations in 2002 for an initial 6
year
lease and operate period which was subsequently extended twice.
The
remaining book value of the FPSO at the end of the contract is
below
25% of the original value.
The Company will actively market the FPSO Falcon for redeployment
to
its clients for offshore oil and gas field developments
worldwide.
Until a new contract has been obtained the FPSO Falcon
will remain in
lay up conditions in the Far East.
Contact person: Mr. Sebastiaan de Ronde Bresser
Telephone: (+377) 92 05 85 15
Mobile: (+33) 6 43 91 93 12
Fax: (+377) 92 05 89 40
E-mail: sebastiaan.derondebresser@sbmoffshore.com
Website: www.sbmoffshore.com
To see the complete version of this press release please click on
the
link below:
This announcement was originally distributed by Hugin. The issuer
is
solely responsible for the content of this announcement.
Copyright Copyright Hugin AS 2009. All rights reserved.
Contact person:
Mr. Sebastiaan de Ronde Bresser
Telephone: (+377) 92 05 85 15
Mobile: (+33) 6 43 91 93 12
Fax: (+377) 92 05 89 40
E-mail: Email Contact
Website: www.sbmoffshore.com
SOURCE: SBM Offshore N.V.
A service of YellowBrix, Inc.
