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SBM Offshore to install FPU for BP’s Kaskida project in US Gulf

SBM Offshore has signed a contract with BP for the wet tow and installation of the Kaskida semi-submersible floating production unit (FPU) in the US Gulf of Mexico, the company said on Wednesday.

The Kaskida field, a greenfield Paleogene development, is located about 400 kilometres southwest of New Orleans in the Keathley Canyon area in the deepwater.

The installation contract showcases SBM Offshore’s expertise in deepwater moorings and builds on its record of more than 150 floating systems installed globally, including 45 FPSOs in deepwater.

SBM Offshore provides floating production solutions to the offshore energy industry, specialising in the design, supply, installation and operation of FPSOs. With over five decades of experience, the company operates across key offshore basins including Brazil, West Africa, the North Sea and Southeast Asia, supporting major oil and gas developments worldwide.

“SBM Offshore’s commitment to excellence and innovation in the offshore industry is highlighted by this project, paving the way for future growth for our installation activities. Our pioneering spirit and deepwater expertise have been key differentiators in securing this contract,” chief business officer Olivier Icyk said.

Petrobras Taps SBM Offshore to Study FPSO Carbon Capture Solutions

SBM Offshore is developing a compact, modular carbon capture solution designed to significantly reduce emissions from oil and gas production on FPSOs, as part of its emissionZERO program. The study for Petrobras encompasses the design and commercial assessment of diverse carbon capture system configurations for future FPSOs deployed in Petrobras fields, considering varying turbine types and machinery setups, gas flow rates and installed gas turbine power, and CO2 concentrations and gas compositions, SBM Offshore said.

SBM Offshore completes $1.5 billion financing of Jaguar FPSO

SBM Offshore announces it has completed the project financing of FPSO Jaguar for a total of US$1.5 billion.
The project financing was fully secured by a consortium of 16 international financial institutions. SBM expects to draw the loan phased over the construction period of the FPSO. The project loan is in line with the duration of the construction phase.